File: Attachment NR PEPCAP Early Warning Report-FVF) September 24, 2026 clean.pdf

EARLY WARNING REPORT

September 24, 2026, 2026 TSX-V Symbol: WAV.H

California, USA, September 24, 2026 Franziska Von Fischer (the "Securityholder") has filed an early warning report dated September 24, 2026 (the "Report") advising of the acquisition of 38,996,000 common shares of Pepcap Resources, Inc. (the "Company") on September 17, 2026, representing approximately 46.53% of the current outstanding common shares at a price of $0.01 per common share. The Securityholder has filed this report as a result of an increase in holdings over which the Securityholder has direction and control to 38,996,000 common shares, representing 46.53% of the 83,813,229 post-closing issued and outstanding shares of the Company.

The Securityholder holds the shares of the Company for investment purposes and may from time to time acquire additional shares of the Company either on the open market or through private acquisitions or sell shares of the Company either on the open market or through private dispositions. This news release is being issued under the early warning provisions of Canadian provincial securities legislation.

For further information, please review a copy of the Report filed under the profile of Pepcap Resources, Inc. at www.sedarplus.ca.