Mr. Guy Bourgeois reports

PLAID TECHNOLOGIES ANNOUNCES DEFINITIVE GRAPHENE SUPPLY AGREEMENT, MARKETING AGREEMENT AND PRIVATE PLACEMENT

Plaid Technologies Inc. has entered into a definitive supply agreement with a European-based producer and supplier of high-quality graphene.

The definitive agreement has a term of 24 months and provides Plaid with expanded access to graphene under the following tiered pricing structure (all amounts in Canadian dollars):

• Up to $4-million at $90 per gram;
• An additional $6-million at $85 per gram;
• A further $10-million at $80 per gram.

Consideration under the definitive agreement may be satisfied in cash, common shares of the company, or a combination thereof, at the company's discretion. Any issuance of common shares pursuant to the definitive agreement will be subject to approval of the Canadian Securities Exchange, if required, and compliance with applicable securities laws.

The definitive agreement builds on a prior supply arrangement pursuant to which the company purchased approximately $1.14-million of graphene at $130 per gram. The revised pricing reflects increased scale and the continuing commercial relationship between the parties.

Graphene is a key input in Plaid's advanced materials platform, including its graphene-enhanced cement and related technologies.

While graphene is a foundational input, the value of the company's products is primarily driven by its proprietary formulations and processing technologies. The company believes the commercial value of its graphene-enhanced applications may significantly exceed the cost of the underlying graphene input.

The company believes a defined supply arrangement supports its progress toward commercialization by improving supply chain stability, cost visibility and scalability.

Guy Bourgeois, chief executive officer of Plaid, commented: "This agreement strengthens our supply chain and improves our cost structure as we advance our graphene-based technologies toward commercialization. We believe this secured source of high-quality graphene provides Plaid with a competitive edge in a rapidly expanding marketplace."

Marketing agreement

The company also announces that it has entered into an agreement with Machai Capital Inc. dated April 24, 2026, pursuant to which Machai will provide marketing, advertising and public awareness services to the company, including a comprehensive digital media marketing program, multiplatform digital campaigns, social media amplification and targeted investor communications.

The services will be conducted in accordance with the applicable policies of the CSE.

Machai has been engaged by the company for a three-month period commencing immediately. In consideration for the services provided, the company will pay Machai up to $250,000 plus GST (goods and services tax) out of its general working capital account over the period of the contract. Machai and its principal, Suneal Sandhu, currently own two million common shares of the company, representing approximately 2.95 per cent of the issued and outstanding common shares.

Private placement

The company is also pleased to announce a non-brokered private placement of up to 6.25 million units of the company at a price of 48 cents per unit for gross proceeds of up to $3-million.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of $1 per share for a period of 48 months from the date of issuance.

The company may, in its sole discretion, accelerate the expiry date of the warrants if the closing price of the company's common shares on the CSE is at least $1.30 for 10 consecutive trading days. In that event, the company may fix the accelerated expiry date at a date not less than 30 days after the date on which notice is given to warrantholders by news release, or such later date as may be specified in the news release.

The net proceeds from the financing will be used for general and administrative expenses and working capital.

The offering may close in one or more tranches and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval of the CSE. The company may pay finders' fees and/or issue finder warrants in connection with the offering in accordance with applicable securities laws and CSE policies.

All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

About Plaid Technologies Inc.

Plaid Technologies is a Canadian advanced materials company focused on the development and commercialization of graphene-enhanced technologies, including applications in construction, energy and industrial materials.

We seek Safe Harbor.