Mr. Eric Boehnke reports

TRENCHANT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Trenchant Capital Corp. intends to undertake a non-brokered private placement financing, consisting of the issuance of up to 10 million units at a price of 25 cents per unit for gross proceeds of up to $2.5-million. Each unit will consist of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 50 cents per share for a period of two years from closing.

Proceeds of the offering will be used for the company's initial investment in GNQ Insilico Inc., as described in the company's news release of Dec. 1, 2023, and for general working capital purposes.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Finders' fees may be paid in connection with the offering in accordance with applicable laws. Any participation by insiders in the offering will constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

We seek Safe Harbor.