Mr. Andrew Skafel reports

EDGEWATER WIRELESS PROVIDES UPDATE ON NON-BROKERED PRIVATE PLACEMENT

Edgewater Wireless Systems Inc. is proceeding with a second tranche of its previously announced non-brokered private placement of up to 16,666,667 units at a price of six cents per unit for aggregate gross proceeds of up to $1-million, together with a permitted 15-per-cent overallotment of up to an additional 2.5 million units.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the company at an exercise price of nine cents per share for a period of two years from the closing date.

The company expects to use the net proceeds of the offering for semiconductor design, engineering and product development related to its spectrum-slicing prototype and general working capital. The company may reallocate the proceeds from the offering as may be required depending upon the development of the company's business.

The company closed an initial tranche of the offering on June 29, 2026, through the issuance of 7,155,879 units for gross proceeds of $429,353. For further details on the offering, please refer to the company's press releases of June 1, 2026, June 29, 2026, and July 16, 2026.

Any securities issued in connection with the offering will be subject to a four-month hold period, in accordance with securities laws and the policies of the TSX Venture Exchange, as applicable. The offering is subject to TSX-V acceptance.

About Edgewater Wireless Systems Inc.

Edgewater Wireless delivers unmatched Wi-Fi quality of service -- bar none -- by intelligently mitigating congestion, allocating spectrum in real time, and autonomously optimizing channel and link density to keep networks fast, fair and reliable when performance cannot fail. Built from the silicon up, Edgewater's patented, AI-powered (artificial intelligence) Wi-Fi spectrum-slicing platform -- delivered through the PrismIQ product family -- enables multiple concurrent channels within a single band, supporting more usable capacity, lower latency and more deterministic performance.

As a Silicon Catalyst portfolio company, Edgewater is advancing a differentiated, standards-leading platform for the next era of connectivity across service provider networks, autonomous systems, critical communications infrastructure and other high-reliability wireless applications.

We seek Safe Harbor.