Mr. Scott Young reports

CANADIAN NEXUS TEAM VENTURES APPOINTS VISIONARY PRESIDENT TO DRIVE STRATEGIC ENERGY INVESTMENT GROWTH

Ali Saheli has consented to act as a director of Canadian Nexus Team Ventures Corp. and will fill the role of president of Canadian Nexus. Canadian Nexus welcomes Mr. Saheli and looks forward to working together with him in moving the company forward.

"I am honoured to take on the role of president at such a pivotal time for our company. Our vertical interment portfolio, spanning from early-stage uranium projects to small modular reactors and the transformative potential of AI, reflects a strategic commitment to innovation and long-term value creation. By leveraging a disciplined barbell investment approach -- balancing high-growth opportunities with stable, foundational assets -- we are positioning ourselves to lead in the evolving energy and technology landscapes. The future is bright, and I am excited to drive this vision forward," commented new president Mr. Saheli.

Mr. Saheli is a seasoned entrepreneur and investor with a proven record of founding, scaling and advising technology ventures. After earning his master's degree in England, he began his career as a software engineer at Recon Instruments (acquired by Intel) and subsequently at Trulioo. In 2013, he co-founded Foro, an e-commerce marketplace for students, which was acquired in 2015. He then served briefly as head of product at Shippo, a multicarrier shipping API and dashboard.

In 2017, he founded Hex Capital, Canada's first crypto-focused fund, raising $10-million to invest in early-stage blockchain and fintech ventures. Through Hex Capital, he has made notable investments in companies such as Dapper Labs, Kraken, DFX, Maker, 0x Protocol and Nervos Protocol, as well as bitcoin and ethereum.

The company is also pleased to announce that it has entered into a non-binding letter of intent in which Canadian Nexus proposes to acquire certain assets related to the Grid Technology Stacks intellectual property platform owned by Mr. Saheli. The terms outlined below are intended to facilitate further negotiations and due diligence but do not constitute a binding agreement except as explicitly stated.

Proposed transaction

Canadian Nexus proposes to acquire all relevant assets, intellectual property rights, technology and associated business components related to Grid. The preliminary purchase price is expected to be approximately $1,225,000 (subject to adjustments based on due diligence findings). The consideration will be structured as a combination of cash and stock, set forth as follows:

• 2.9 million shares of Canadian Nexus (based on closing price of 25 cents) with a to-be-determined escrow and/or pooling agreement;
• $500,000 in cash paid over four instalments:
  • First quarter 2025: $50,000;
  • Second quarter 2025: $150,000;
  • Third quarter 2025: $150,000;
  • Fourth quarter 2025: $150,000.

Canadian Nexus will have an exclusive period of 14 days to conduct technical, legal and operational due diligence on the platform. The seller agrees to provide access to all relevant documents and information necessary to complete this review.

For a period of 14 days from the date of execution of this LOI, the seller agrees not to engage in discussions, negotiations or transactions with any other parties regarding the sale of the platform.

Both parties agree to maintain the confidentiality of internal dialogue and, if required, future potential negotiations and exchange information related to this transaction in accordance with reasonable confidentiality, acknowledging that Canadian Nexus is a public company and will disseminate a mutually agreed press release upon signing.

The consummation of the transaction will be subject to, among other conditions:

• Execution of a mutually satisfactory definitive agreement;
• Completion of due diligence to the satisfaction of Canadian Nexus;
• Any required regulatory or third party approvals and other customary closing conditions.

If the proposed transaction is completed, it will be deemed a non-arm's-length transaction and may require review by the Canadian Securities Exchange.

About Canadian Nexus Team Ventures Corp.

Canadian Nexus is an investment issuer that actively invests in a diversified portfolio of early-stage to mid-level companies and projects with a focus on the uranium and artificial intelligence sectors. Canadian Nexus leverages its network of operators and global thought leaders to provide investors with a unique multiopportunity portfolio.

We seek Safe Harbor.