Mr. Geoff Balderson reports

NEW WAVE ANNOUNCES EFFECTIVE DATE OF CONSOLIDATION OF SHARES

New Wave Holdings Corp., further to the company's news releases dated April 10, 2025, and April 11, 2025, and effective April 25, 2025, will consolidate the common shares in the capital of the company on the basis of one postconsolidation share for every five preconsolidation shares. The company's name and stock symbol will remain unchanged following the consolidation. The new Cusip number will be 64913V 60 8 and the new ISIN will be CA 64913V 60 8 9 for postconsolidation shares.

The company currently has 35,865,801 shares issued and outstanding, and there will be approximately 7,173,160 shares, subject to rounding, issued and outstanding on a postconsolidation basis.

No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded up or down to the nearest whole share. The company's outstanding incentive stock options, warrants and any convertible securities will be adjusted on the same basis (1:5) to reflect the consolidation in accordance with their respective terms with proportionate adjustments to be made to the exercise prices.

The company's postconsolidation shares are expected to begin trading on the Canadian Securities Exchange on or about April 25, 2025.

Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the company. All registered shareholders will be required to send their respective certificates representing the preconsolidation shares along with a properly executed letter of transmittal to the company's transfer agent, Olympia Trust Company, in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through the transfer agent at 1-587-774-2340 or by e-mail to cssinquiries@olympiatrust.com. All shareholders who submit a duly completed letter of transmittal along with their respective preconsolidation share certificates to the transfer agent will receive a postconsolidation share certificate or direct registration advice representing the postconsolidation shares.

About New Wave Holdings Corp.

New Wave Holdings is an investment issuer that has been focused on supporting innovative and fast-growing companies within the e-sports, NFT (non-fungible token), metaverse, blockchain and Web 3 sectors. It intends to also identify accretive acquisitions within a wider strategic scope, including exploring entry into the emerging AI (artificial intelligence) market.

We seek Safe Harbor.