Mr. Benjamin Sawchuk reports

TEVANO ANNOUNCES LEADERSHIP CHANGE, APPOINTMENT OF INTERIM CHIEF EXECUTIVE OFFICER AND INTERIM CHIEF FINANCIAL OFFICER, AND CORRECTION OF PRIOR DISCLOSURE

Tevano Systems Holdings Inc.'s board of directors has removed Stephen Brown from his roles as chief executive officer and interim chief financial officer of the company, effective immediately.

The board has appointed Benjamin Sawchuk as interim chief executive officer, interim chief financial officer and chair of the board, effective immediately, while the board conducts a search for permanent leadership.

Mr. Brown is no longer authorized to act on behalf of, speak for or bind the company in any capacity. The board has also authorized an independent review of certain recent corporate matters, disclosures and transactions.

Correction of prior disclosure

The company is also correcting its news release dated March 2, 2026, regarding the purported receipt of a $500,000 unsecured loan.

Based on the company's review, the company did not receive those funds. Accordingly, the company's March 2, 2026, news release and any statements in that release indicating that the loan proceeds had been received or were available for use by the company should not be relied upon.

The company remains subject to the cease trade order previously issued by the British Columbia Securities Commission.

The company is continuing its review of recent disclosures and corporate records and will provide further updates as required in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

About Tevano Systems Holdings Inc.

Tevano Systems is a technology company listed on the Canadian Securities Exchange under the symbol TEVO and on the Frankfurt Stock Exchange under the symbol 7RB.

We seek Safe Harbor.