Mr. Rob Fia reports

THERMA BRIGHT INC. COMPLETES DEBT SETTLEMENTS

Further to the press release of June 23, 2026, Therma Bright Inc. has issued an aggregate of 6,613,999 common shares at a deemed price of six cents per share to settle aggregate debt of $396,840. All shares issued in relation to these debt settlements are subject to a hold period expiring Nov. 30, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies.

Certain directors and officers participated in the debt settlement transactions and received an aggregate 4,699,999 shares in consideration for settlement of an aggregate of $282,000 debt. Director and officer participation in the debt settlement transactions constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the company is not listed on any of the exchanges or markets outlined in Subsection 5.5(b) of MI 61-101, and the insiders' debt settlement transactions do not exceed 25 per cent of the fair market value of the company's market capitalization.

Rob Fia, the chief executive officer, president and a director of the company, received 4,349,999 shares in settlement of $261,000 debt. Prior to the issuance of the debt settlement shares, Mr. Fia owned or controlled 4,257,287 shares of the company, representing approximately 7 per cent of the outstanding Therma shares. Upon receipt of the 4,349,999 debt settlement shares, Mr. Fia now owns or controls 8,607,286 shares of the company, representing approximately 13.1 per cent of the outstanding Therma shares, on a non-diluted basis. On a partially diluted basis (assuming the exercise of all 1,566,375 stock options held by Mr. Fia), Mr. Fia would have ownership and control over approximately 15.1 per cent of the then issued Therma shares.

The debt settlement shares acquired by Mr. Fia are held for investment purposes only. Mr. Fia may acquire additional securities of the company or dispose of Therma shares (through market or private transaction) from time to time.

A copy of the related early warning report may be obtained under the company's profile on the SEDAR+ website or from the company at 345 Danforth Ave., Toronto, Ont., M4K 1N7.

About Therma Bright Inc.

Therma Bright is a developer and investment partner specializing in advanced diagnostic and medical device technologies. The company's portfolio includes innovative solutions for vascular health, respiratory diagnostics and topical treatments. Therma Bright is listed on the TSX Venture Exchange, the OTCQB and the Frankfurt Stock Exchange.

We seek Safe Harbor.