Mr. Blair Wilson reports

GENESIS ACQUISITION CORP. ANNOUNCES AMENDMENT TO BUSINESS COMBINATION AGREEMENT WITH NUSA NICKEL CORP.

On Jan. 14, 2026, Genesis Acquisition Corp. entered into an amending agreement amending certain of the terms set forth in its previously announced business combination agreement with Nusa Nickel Corp. and pursuant to which the parties would complete their arm's-length business combination transaction, including extending the outside date for completion of the proposed transaction.

The parties continue to work diligently toward the completion of the proposed transaction, and, subject to satisfaction or waiver of the condition's precedent referred to in the definitive agreement and receipt of all requisite approvals, the parties anticipate the proposed transaction will be completed in the second quarter of 2026.

About Genesis Acquisition Corp.

Genesis is a capital pool company that completed its initial public offering and obtained a listing on the exchange on or about Nov. 1, 2019 (trading symbol: REBL.P). Prior to entering into the letter of intent, Genesis did not carry on any active business activity other than reviewing potential transactions that would qualify as Genesis's qualifying transaction.

About Nusa Nickel Corp.

Nusa Nickel is North America's only revenue-generating nickel producer and licensed trader operating in Indonesia's world-leading nickel district.

Its operations focus on the responsible sourcing, production and sale of lateritic nickel material, with a commitment to environmental stewardship and supporting local communities. In addition to its production activities, Nusa Nickel is a licensed nickel trader, enabling it to source and supply nickel ore from third party producers and expand its market footprint across Indonesia.

We seek Safe Harbor.