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Tevano Systems fires CEO Brown

2026-04-28 09:14 ET - News Release

Subject: Fwd: This news is for immediate release PDF Document

File: Attachment Tevano_Press_Release_FINAL.pdf

FOR IMMEDIATE RELEASE April 28, 2026

TEVANO SYSTEMS HOLDINGS INC. (CSE: TEVO; FRA: 7RB)

Tevano Announces Leadership Change, Appointment of Interim Chief Executive Officer and Interim Chief Financial Officer, and Correction of Prior Disclosure

Vancouver, British Columbia -- April 28, 2026 -- Tevano Systems Holdings Inc. (CSE: TEVO; FRA: 7RB) ("Tevano" or the "Company") announces that its 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 Holdings Inc. is a technology company listed on the Canadian Securities Exchange under the symbol "TEVO" and on the Frankfurt Stock Exchange under the symbol "7RB". On Behalf of the Board of Directors TEVANO SYSTEMS HOLDINGS INC.

Benjamin Sawchuk Interim Chief Executive Officer Interim Chief Financial Officer Chair of the Board

For further information, please contact: Benjamin Sawchuk, Interim Chief Executive Officer and Interim Chief Financial Officer for Tevano Systems Holdings Inc. Email: bensawchuk@gmail.com Tel: 604-838-9992.

Cautionary Statement Regarding Forward-Looking Information This news release contains statements that may be considered "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements regarding the leadership transition, the appointment of Benjamin Sawchuk as Interim Chief Executive Officer, Interim Chief Financial Officer, and Chair of the Board, and the Company's search for permanent leadership. Forward-looking statements are based on current expectations, estimates, and assumptions made by management. Such statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in the statements. Additional information regarding risks and uncertainties faced by the Company is available under the Company's profile on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, the Company does not undertake any obligation to update or revise such statements. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.

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