Mr. Eugene Suyu reports

TINKERINE STUDIOS LTD. PROVIDES UPDATE ON REGULATORY AND CORPORATE CONDITIONS FOR PROPOSED REVERSE TAKEOVER WITH FOTONARA INC.

Tinkerine Studios Ltd. has continued to advance the proposed reverse takeover with Fotonara Inc. as announced on April 8, 2026.

Tinkerine has executed a mutual release resolving a historical legal dispute with a third party. Concurrently, the company has converted 98 per cent of short-term debt into a promissory note structure and eliminated a legacy loan. These achievements represent meaningful progress toward the debt settlement condition precedent and further derisk the staged regulatory pathway, including the pending application for full revocation of the cease trade order by the B.C. Securities Commission.

The collaborative process with Fotonara remains on track. Mutual due diligence is progressing, and the parties are preparing for the negotiation and execution of a binding definitive agreement. These steps, together with the previously announced bridge loan intended for regulatory remediation, position the resulting issuer (proposed name: Fotonara Inc.) to resume trading and continue Fotonara's high-growth operations in sovereign real estate technology upon successful closing.

Fotonara will be presenting at the TakeStock Calgary Investor Forum on June 3, 2026, at the Calgary Petroleum Club. Interested attendees can register for tickets on Eventbrite.

About Fotonara Inc.

Operating at the intersection of advanced Canadian manufacturing and highly scalable software protocols, Fotonara targets the $109-billion LED market and the $876-billion wellness real estate sector. Its proprietary sovereign architecture provides commercial, industrial and residential developers with an unassailable technological moat, featuring:

• Deflationary efficiency: industry-leading lighting technology delivering a 20-per-cent lumen-per-watt efficiency lead over legacy incumbents;
• Power over Ethernet: safe, conduit-free power deployment (including the FluidAra utility wall) that slashes electrical rough-in labour by 40 per cent and eliminates the rectifier tax of traditional AC power;
• The protocol moat: a fully local, zero-cloud hardware ecosystem operating natively on matter 1.5.1 over thread, ensuring submillisecond execution and complete data privacy with zero big tech biometric data harvesting.

Trading in the common shares of Tinkerine is currently suspended. Trading will remain suspended until such time as the cease trade order is revoked, the TSX Venture Exchange has reviewed the proposed transaction and the company has met the requirements of the TSX-V for resumption of trading. It is anticipated that trading will remain suspended until the closing of the proposed transaction.

Further details regarding the proposed transaction, the concurrent financing, and the proposed board of directors and management of the resulting issuer will be provided in a comprehensive press release upon the execution of the definitive agreement.

About Tinkerine Studios Ltd.

Tinkerine is a Canadian public company currently advancing a proposed reverse takeover transaction with Fotonara. Upon completion of the transaction, the resulting issuer is expected to operate under the name Fotonara Inc. and continue Fotonara's sovereign real estate technology business.

We seek Safe Harbor.