Mr. Francisco Carasquero reports

FINTECHWERX ANNOUNCES LETTER OF INTENT TO ACQUIRE RUBY LOANS TECHNOLOGY ASSETS

Fintechwerx International Software Services Inc. has entered into a confidential, non-binding letter of intent (LOI) dated May 7, 2026, with 1431575 B.C. Ltd., an arm's-length third party, regarding a proposed transaction contemplating the acquisition by Fintechwerx of certain intellectual property and technology assets related to the vendor's proprietary Ruby Loans platform. There can be no assurance that the parties will enter into a definitive agreement or that the proposed transaction will be completed.

Ruby Loans is an advanced development-stage platform solution for small and medium-sized (SME) enterprise lending, which places the initiation of a credit enquiry in the hands of the borrower and automates significant portions of what continues to be a manual process involved in preparing business loans and mortgage files for adjudication.

The technology is designed to support a gated process from borrower enquiry and document intake through financial and risk evaluation, generating a more complete and decision-ready loan application prior to the involvement of credit risk personnel. The platform is intended to support lenders and financial institutions seeking to improve workflow efficiency and the borrower experience in SME lending.

Under the terms of the LOI, the parties intend to negotiate a definitive agreement pursuant to which Fintechwerx would acquire the Ruby Loans intellectual property and related technology assets. Fintechwerx would acquire the technology for consideration payable in a combination of cash and common shares in the capital of Fintechwerx, subject to a maximum purchase price of $550,000 and final terms to be determined through mutual due diligence and the negotiation of definitive documentation.

The potential transaction remains subject to customary conditions, including the completion of mutual business and legal due diligence, the negotiation and execution of a definitive agreement to the satisfaction of the parties, and the receipt of all required corporate and regulatory approvals, including the approval of the Canadian Securities Exchange.

The LOI does not create a binding obligation on either party to complete the proposed transaction, except with respect to certain customary binding provisions.

The proposed acquisition is intended to expand Fintechwerx's capabilities in digital lending workflow automation, according to George Hofsink, co-founder and chief executive officer of Fintechwerx.

"Loan origination for small business financing remains burdened by manual processes and fragmented workflows," says Mr. Hofsink. "Ruby Loans represents a practical platform solution that aligns with our strategy to help modernize fintech infrastructure through solutions that improve efficiency, readiness and borrower engagement."

Fintechwerx will provide further updates as material developments occur, in accordance with applicable securities laws and the policies of the CSE.

About Fintechwerx International Software Services Inc.

Fintechwerx is a Canadian financial technology company providing onboarding, payments, identity verification, fraud mitigation and data services to merchants, independent sales organizations and payment service providers, offering an altrnative to the need for a patchwork of providers.

We seek Safe Harbor.