Mr. Rob Fia reports

THERMA BRIGHT ANNOUNCES SHARE CONSOLIDATION

Further to its news release dated June 11, 2025, effective Tuesday, July 8, 2025, Therma Bright Inc. will consolidate the common shares in the capital of the company on the basis of one postconsolidation share for every eight preconsolidation shares. The new Cusip number will be 883426207 and the new ISIN (international securities identification number) will be CA8834262070 for the postconsolidation shares.

The company currently has 454,457,147 shares issued and outstanding and there will be approximately 56,807,143 shares, subject to rounding, issued and outstanding on a postconsolidation basis.

No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded down to the nearest whole share. The company's outstanding incentive stock options and warrants will be adjusted on the same basis (1:8) to reflect the consolidation in accordance with their respective terms with proportionate adjustments to be made to the exercise prices.

The company's postconsolidation shares are expected to begin trading on the TSX Venture Exchange on or about July 8, 2025.

Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the company. All registered shareholders will be required to send their respective certificates representing the preconsolidation shares, along with a properly executed letter of transmittal to the company's transfer agent, Olympia Trust Company, in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through the transfer agent at 1-587-774-2340 or by e-mail to cssinquiries@olympiatrust.com. All shareholders who submit a duly completed letter of transmittal, along with their respective preconsolidation share certificate(s) to the transfer agent, will receive a postconsolidation share certificate or direct registration advice representing the postconsolidation shares.

About Therma Bright Inc.

Therma Bright develops and partners on cutting-edge diagnostic and medical device technologies that address health care challenges. Therma Bright trades on the TSX-V under the symbol THRM, on the OTCQB exchange under the symbol TBRIF and on the Frankfurt Stock Exchange under the symbol JNX.

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