Mr. Steve Fray reports

ABAXX CONTINUES TO PROVIDE FACTS REFUTING ONGOING MISINFORMATION AND REAFFIRMS STRONG BUSINESS FUNDAMENTALS

Abaxx Technologies Inc. has provided additional facts refuting continuing misinformation published about the company by Viceroy Research Group.

Regulatory outreach and potential litigation

The company believes Viceroy's reports about the company amount to nothing but a short-and-distort campaign, containing numerous false, unfounded and meritless statements about its business. The sole purpose of Viceroy's campaign is to profit from a decline in the price of Abaxx common shares at the expense of its long-term shareholders.

As a result, Abaxx has contacted the Canadian Investment Regulatory Organization to inform the regulator of the reckless and defamatory allegations that have been made against the company by Viceroy and to request that CIRO investigate potentially manipulative or deceptive trading activity in Abaxx's common shares by Viceroy and any other parties. Abaxx Exchange has also pro-actively reached out to its regulator, the Monetary Authority of Singapore, regarding Viceroy's allegations, given Viceroy is plainly seeking to undermine confidence in trading activity on Abaxx Exchange.

In addition, the company has retained the leading U.S. law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP to investigate wrongdoing related to Viceroy's campaign and its trading in the company's common shares.

Abaxx also provided the following additional facts about its business to give investors a true picture of its current position.

The company is not under investigation:

• Neither the company nor its subsidiaries are under investigation by any regulator.
• As described above, the company has been in contact with regulators and plans to continue to keep them informed of the current situation.

The company is financially secure with robust levels of cash on its balance sheet:

• The company holds more than $97-million in cash and cash equivalents as of June, 2026.
• The current net cash burn rate has averaged $12.3-million over the past two completed quarters.
• This is sufficient to finance current operational plans for approximately the next seven quarters without the need to raise additional funds.

Wash trading is illegal and not permitted on Abaxx Exchange:

• Wash trading is illegal and, pursuant to Rule 508 in Abaxx Exchange's rulebook, is not permitted.
• Abaxx Exchange has a robust market surveillance program that actively monitors and reviews trading activity for signs of wash trading or other forms of possible market manipulation in alignment with regulatory requirements.
• Any suspected violations are subject to Abaxx Exchange's disciplinary proceedings, which can include reporting to regulators and suspension or termination of offending parties, as outlined in Rule 209 in the exchange rulebook.
• None of the participants in Abaxx Exchange's market making and liquidity provider programs are undisclosed related parties.

Abaxx Exchange ecosystem of clearing firms, ISVs and brokers continues to grow:

• Clearing firms, ISVs and brokers are some of the most sophisticated participants in the industry, and create the ecosystem through which participants trade on Abaxx Exchange.
• Connecting to a new exchange requires a substantial investment of time and money, and it continues to make that investment: There are now 11 ISVs connected, with five more in the pipeline; there are now seven clearing firms connected, with 14 more in the pipeline; and there are currently 22 brokers connected to Abaxx Exchange, with 10 more in the pipeline.

Trading activity continues to grow:

• Abaxx Exchange is building new markets. Like any new market, part of its natural growth to maturity includes low open interest relative to volume, more spread trading and trading being dominated by participants in incentive programs as they create the initial liquidity necessary for commercial participants to trade in these markets.
• These markets are growing, with June-to-date average daily volume and open interest on the exchange already surpassing May: Through June 19, 2026, the average daily volume on the exchange for June was 16,846 contracts per day, and the average daily open interest was 1,343, compared with 15,092 and 405 for May, which represent an increase of 12 per cent and 232 per cent, respectively.

Abaxx is proud of its high level of engagement and transparency with shareholders. For further investor inquiries, shareholders can e-mail ir@abaxx.tech.

About Abaxx Technologies Inc.

Abaxx is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an artificial-intelligence-augmented economy.

In addition to developing and deploying financial technologies that make communication, trade and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared, physically deliverable futures contracts in liquefied natural gas, carbon, battery materials and precious metals, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically backed gold pool in Singapore. As a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions and efficient over-the-counter transfers, and is designed to support physical delivery for Abaxx Exchange's physically deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive infrastructure closes critical gaps in posttrade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement and transfer agency services designed to reduce risk and improve reliability across asset classes.

Abaxx Labs is the company's centre for engaging with the developer community to create the next generation of technology that will build smarter markets through open-source software tools that promote the use of Abaxx's ID++ technologies.

We seek Safe Harbor.