Mr. Wenye Xue reports

WESTERN RESOURCES CORP. ANNOUNCES CEASE TRADE ORDER

Western Resources Corp.'s principal regulator, the British Columbia Securities Commission (the BCSC) issued a cease trade order (CTO) on March 4, 2025, under the securities legislation of British Columbia.

The CTO was issued as a result of the company's delay in filing its annual information form, annual audited financial statements, and related management's discussion and analysis, and certifications for the financial year ended Sept. 30, 2024, as well as interim financial statements, management's discussion and analysis, and certifications for the period ended Dec. 31, 2024 (the required filings).

Despite the CTO, a beneficial holder of a security of the company who is not, and was not as of the date of the CTO, an insider or control person of the company, may sell securities of the company acquired before the date of the CTO if both of the following apply: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

The delay in filing the required filings was and is due to the continued financial hardships. The company is working diligently to remedy this issue by securing additional capital to complete the audit process so that it can file its required filings as soon as possible.

We seek Safe Harbor.