Ms. Carolyn Myers reports

FENDX TECHNOLOGIES ANNOUNCES FULLY SUBSCRIBED CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Fendx Technologies Inc. has closed its previously announced non-brokered private placement, which was fully subscribed for, and has issued 4,176,500 units at a price of 17 cents per unit, raising gross aggregate proceeds of $710,005.

Each unit is composed of one common share in the capital of the company and one transferable share purchase warrant. Each warrant is exercisable for one additional share at a price of 40 cents per warrant share for a period of three years after the closing date, subject to an acceleration right, whereby the expiry date of the warrants may be accelerated if the daily closing price of the shares equals or exceeds 60 cents on the Canadian Securities Exchange (or such other recognized securities exchange on which the shares may then trade) for 20 consecutive days, in which event the company may accelerate the expiry of the warrants by given notice through a news release, and, in such case, all of the then unexercised warrants will expire on the 30th day after the date on which the news release is disseminated.

In connection with the closing, the company paid finders' fees to eligible finders composed of $11,927.20 in cash and an aggregate of 157,960 finders' units in lieu of cash fees, with each finder's unit composed of one share and one warrant. In addition, an aggregate of 228,120 finders' warrants were issued to the eligible finders under the offering, with each finder warrant exercisable into one additional share at an exercise price of 17 cents per share for 36 months from the closing date.

The company intends to use the net proceeds from the offering to advance the company's research and development projects, and for working capital and general corporate purposes, including marketing and investor relations.

Closing of the offering is subject to receipt of all necessary regulatory approvals, including from the CSE. All securities issued in relation to the offering are subject to a hold period expiring four months and one day after the closing date in accordance with applicable securities laws.

Further to the company's press release on March 12, 2025, where the company announced the engagement of a marketing firm to provide consulting services, the budget for the services is $200,000 (U.S.), which are anticipated to commence on or about March 19, 2025.

About Fendx Technologies Inc.

Fendx is a Canada-based nanotechnology company focused on developing products to make people's lives safer by reducing the spread of pathogens. The company is developing both film and spray products to protect surfaces from contamination. The lead product under development, Repelwrap film, is a protective surface coating film that, due to its repelling properties, prevents the adhesion of pathogens and reduces their transmission on surfaces prone to contamination. The spray nanotechnology is a bifunctional spray coating being developed to reduce contamination on surfaces by repelling and killing pathogens. The company is conducting research and development activities using its nanotechnology in collaboration with industry-leading partners, including McMaster University. The company has an exclusive worldwide licence to its technology and intellectual property portfolio from McMaster, which encompass both film and spray coating nanotechnology formulations.

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