Mr. Sean Samson reports

CLEAN ENERGY TRANSITION INC. PROVIDES UPDATE ON PRIVATE PLACEMENT

Further to the June 22, 2026, news release, Clean Energy Transition Inc. is continuing to proceed with its previously announced non-brokered private placement and concurrent royalty rights offering. The company currently expects to complete the financing within the next two weeks.

The TSX Venture Exchange has also approved three minor amendments to the royalty right certificate, clarifying the pro rata denominator, providing for the carry forward of negative cash flow for distribution, and preserving flexibility to sell, transfer, refinance, securitize or reorganize the pilot portfolio.

All other terms of the financing remain unchanged from what was previously announced.

The financing remains structured as two separate offerings: a non-brokered private placement of up to 7.5 million units at a price of four cents per unit and a concurrent offering of up to 7.5 million contractual royalty rights at a price of one cent per royalty right. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of eight cents per share for a period of two years from closing, subject to the company's option to accelerate the expiry date if the volume-weighted average price of the shares on the TSX-V equals or exceeds 10 cents per share for any 10 consecutive trading sessions. The royalty right entitles holders, on a pro rata basis by number of royalty rights held relative to the total royalty rights issued in the concurrent offering, to receive quarterly distributions in arrears equal to 50 per cent of the company's CFD generated by the energy assets of TranFin's pilot phase.

The company has received conditional acceptance, but final closing remains subject to final TSX Venture Exchange approval.

About Clean Energy Transition Inc.

transition.inc is focused on opportunities to generate positive cash flow across the energy transition. The company currently holds a portfolio of critical mineral assets, including the Aurora nickel project in Ontario, where it is advancing a potential low-carbon production opportunity to supply growing North American demand for nickel, and high-quality silica/quartz projects at Snow White in Ontario and Silicon Ridge in Quebec, which may serve as feedstock for silicon metal used in solar energy systems and advanced manufacturing. Alongside the critical mineral assets, transition.inc is also looking for additional opportunities, more broadly, from across the energy transition. TranFin, the company's energy-as-a-service platform for Canadian homeowners, is one of those opportunities.

We seek Safe Harbor.