Mr. Eric Boehnke reports

TRENCHANT TECHNOLOGIES CAPITAL CORP. ANNOUNCES ACQUISITION OF LIMITLESS QUANTUM, ADVANCING QUANTUM-RESISTANT BLOCKCHAIN TECHNOLOGY

Further to its news releases dated Jan. 23, 2025, Feb. 12, 2025, and April 10, 2025, Trenchant Technologies Capital Corp. has closed its previously announced transaction with Limitless Quantum Computing Solutions Inc., an arm's-length, British Columbia-based company developing a quantum-resistant blockchain platform, and the shareholders of Limitless Quantum, pursuant to which the company acquired all of the issued and outstanding common shares of Limitless Quantum from the Limitless Quantum shareholders.

"We are thrilled to have closed on our acquisition of Limitless Quantum," said Eric Boehnke, chief executive officer of Trenchant. "This acquisition is an important step in our efforts to broaden our technology portfolio in the blockchain space. With Limitless Quantum's quantum-resistant solutions, we aim to address the challenges posed by quantum computing. Our combined expertise will support the development and deployment of secure blockchain platforms."

About Quantum Computing Solutions Inc.

Limitless Quantum has developed a blockchain platform that combines bitcoin's foundation with ethereum Virtual Machine compatibility, offering native zero-knowledge roll-ups for enhanced privacy and scalability. Built with postquantum cryptography at its core, Limitless Quantum addresses the growing need for solutions that protect against the anticipated challenges posed by quantum computing advancements.

Quantum computing poses a catastrophic threat to current digital security. Its immense computational power has the potential to shatter traditional cryptographic algorithms like ECDSA, which are the foundation of bitcoin's security. If quantum computers can break these systems, the entire cryptocurrency market, currently valued at over $3.5-trillion, is at risk, as the security and trust that underpin blockchain technology could be obliterated. As detailed in recent studies, including the NIST Post-Quantum Cryptography Standardization project, quantum algorithms such as Shor's have the potential to undermine the cryptographic foundations of blockchain systems like bitcoin, highlighting the urgent need for quantum-resistant solutions.

Limitless Quantum is taking steps to address this existential threat by integrating Falcon-512, an advanced quantum-resistant signature system, to ensure bitcoin's security in a quantum future. This quantum-resistant system is designed to maintain compatibility with bitcoin's proof of work, the critical mechanism that secures the network. As quantum computing advances, Limitless Quantum plans to integrate Falcon-512 into the software that powers blockchain nodes (the backbone of the network) and update wallet systems to support quantum-resistant keys, helping secure user transactions in a postquantum world.

Acquisition

The acquisition was conducted pursuant to the terms of a share exchange agreement dated April 10, 2025, whereby Trenchant acquired all of the outstanding Limitless Quantum shares from the Limitless Quantum shareholders in consideration for the issuance of an aggregate of 10 million common shares in the capital of the company at a deemed price of six cents per consideration share and 10 million share purchase warrants to the Limitless Quantum shareholders on a pro rata basis. Accordingly, each consideration warrant entitles the holder thereof to purchase one common share in the capital of the company at an exercise price of eight cents for a period of three years. Limitless Quantum will become a wholly owned subsidiary of Trenchant.

No change of control of the company occurred as a result of the acquisition and, as at closing, Limitless Quantum became a wholly-owned subsidiary of Trenchant. The Limitless Quantum shareholders have also agreed to the imposition of a voluntary escrow on the consideration shares as to one-third on the closing date, one-third on the date that is three months after the closing date and one-third on the date that is six months after the closing date.

About Trenchant Technologies Capital Corp.

Trenchant Technologies Capital is an investment issuer focused primarily on seeking investment in companies introducing novel technologies, including artificial intelligence and quantum computing, to traditional business models that are due for disruption. Trenchant's team undergoes a rigorous due diligence process to identify companies led by seasoned management teams that are strong candidates for acquisition or an initial public offering.

In May, 2024, Trenchant Technologies Capital acquired a 20-per-cent ownership interest in GNQ Insilico from parent company My Next Health Inc. Further, Trenchant holds an option to acquire up to 40 per cent of GNQ Insilico.

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