Mr. Raymond O'Neill reports

SPIRIT BLOCKCHAIN CAPITAL COMPLETES SHARES FOR SERVICES ISSUANCE

Spirit Blockchain Capital Inc. has completed its previously announced shares for services issuance, originally announced on June 18, 2026.

Pursuant to the transaction, the company has issued an aggregate of 7.22 million common shares to certain consultants, advisers and service providers in settlement of outstanding obligations for services previously rendered to the company. The issuance was completed in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.

The transaction represents an aggregate settlement value of approximately $429,527 and forms part of the company's continuing efforts to strengthen its financial position through disciplined capital management. By settling these obligations through the issuance of equity rather than cash, Spirit has reduced current liabilities, preserved working capital and improved its financial flexibility as it continues to pursue strategic growth initiatives.

The recipients of the shares have provided a range of strategic, operational, business development and advisory services to the company. Management believes the transaction further aligns the interests of key contributors with those of shareholders by increasing their direct participation in the future success of the company.

The shares issued pursuant to the transaction are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

"Completing this transaction is an important step in our ongoing efforts to strengthen the company's balance sheet and position Spirit for long-term growth," said Raymond O'Neill, interim chief executive officer. "We appreciate the confidence shown by our consultants and advisers who elected to accept equity compensation and become further aligned with our shareholders. With this liability reduction, we remain focused on executing on the strategic priorities established by the board."

Annual general meeting

The company also reminds shareholders that its annual general meeting will be held on July 10, 2026. The board of directors encourages all shareholders to review the meeting materials and exercise their voting rights, whether attending the meeting or voting by proxy. Materials can be reviewed on the company's website.

Shareholder participation remains an important component of the company's governance process, and the board appreciates the continued support and engagement of its shareholders.

About Spirit Blockchain Capital Inc.

Spirit Blockchain Capital is a Canadian-based publicly listed company focused on providing shareholders with exposure to the blockchain and digital asset economy. The company holds a diversified portfolio of digital assets and invests in emerging blockchain ventures while developing proprietary yield-generation platforms.

We seek Safe Harbor.