Mr. Chris Yeung reports

UNIVERSAL DIGITAL ANNOUNCES THE FILING OF AMENDED AND RESTATED FINANCIAL STATEMENTS AND MD&A'S

Pursuant to Section 11.5 of National Instrument 51-102 (Continuous Disclosure Obligations) and as a result of a continuous disclosure review by the B.C. Securities Commiossion, Universal Digital Inc. has amended, restated and refiled its: (i) audited consolidated financial statements of the company for the fiscal year ended Jan. 31, 2025; (ii) unaudited condensed consolidated financial statements of the company for the three-month period ended April 30, 2025; and (iii) each corresponding management's discussion and analysis.

Following review by the BCSC, the company's management and auditor of the previously issued annual financial statements, interim financial statements, and each corresponding management's discussion and analysis, it was determined that assumptions made under international financial reporting standards for calculating the fair value of the share price of common shares in the capital of the company issued in connection with a debt settlement transaction completed in December, 2024, and the acquisition of 19 per cent of the issued and outstanding shares of Geometric Galaxy Ltd. in April, 2025, needed to be revised.

The effect of the restatements does not impact the company's continuing operations or cash position. Please refer to Note 15 of the annual financial statements and Note 17 of the interim financial statements for further details regarding the restatements.

The restated documents are available under the company's profile on SEDAR+. The restated documents will replace the previous documents, and the previous documents should no longer be relied upon.

About Universal Digital Inc.

Universal Digital is a Canadian investment company focused on digital assets, businesses, and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The company aims to provide shareholders with long-term capital growth through a diversified investment approach and to participate in the transformation of global finance through the integration of digital asset strategies.

We seek Safe Harbor.