Mr. Keith Crone reports

EVOLVE ANNOUNCES MANAGEMENT FEE REDUCTION ON EVOLVE NASDAQ TECHNOLOGY ULTRAYIELD ETF EXPECTED TO BEGIN TRADING ON AUGUST 13, 2026

Evolve Funds Group Inc. has filed a final prospectus with plans to bring Evolve NASDAQ Technology UltraYield ETF to Canadian investors. The Evolve fund is expected to begin trading on the Toronto Stock Exchange on Aug. 13, 2026, under the ticker symbol TECY (Canadian-dollar-denominated hedged ETF (exchange-traded fund) units), subject to TSX approval.

As set out in the attached table, the manager has reduced the management fee payable on each class of units of the Evolve fund. The reduction of the management fee is effective as of Aug. 13, 2025.

The Evolve fund seeks to provide attractive income and long-term capital appreciation by investing in a portfolio of leading technology companies that have the potential to generate significant option premiums. To enhance yield, as well as to mitigate risk and reduce volatility, the Evolve fund will employ a covered call option writing program at the discretion of the manager. The level of covered call option writing may vary based on market volatility and other factors.

The Evolve fund will use modest leverage in order to seek to achieve its investment objective. Leverage will be created through the use of cash borrowings and/or derivatives, or as otherwise permitted under applicable securities legislation.

Cash distributions, if any, on the Evolve fund will be paid at least twice per month, with the possibility of more frequent distributions at the manager's discretion.

About Evolve Funds Group Inc.

With over $9-billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long-term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference.

The underlying investment fund (QQQY) held by the Evolve NASDAQ Technology UltraYield ETF (TECY) will pay management fees and will incur trading expenses (including cost of leverage). QQQY currently pays a management fee of 0.50 per cent plus applicable taxes.

Evolve Funds Group is the investment fund manager and portfolio manager. Evolve NASDAQ Technology UltraYield ETF will be offered by Evolve Funds Group and distributed through authorized dealers.

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