SEDAR Interim Financial Statements

Standard Strategies Inc. (formerly Midori Carbon Inc.) Condensed Consolidated Interim Financial Statements Three and nine months ended October 31, 2025 (Unaudited) Notice to Reader Under National instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor. The accompanying unaudited condensed consolidated interim financial statements have been prepared by and are the responsibility of management. The Company’s independent auditor has not performed a review of these condensed consolidated interim financial statements in accordance with the standards established by the Chartered Professional Accountants of Canada for a review of the condensed consolidated interim financial statements by an entity’s auditor. The accompanying notes are an integral part of these condensed consolidated interim financial statements. Standard Strategies Inc. Condensed Consolidated Interim Statements of Financial Position (Stated in Canadian Dollars) (Unaudited) October 31, January 31, Notes 2025 2025 ASSETS Current assets Cash 30,124 $ 38,749 $ GST receivable 3,510 9,136 Investments 4 611,528 719,360 Total current assets 645,162 767,245 Investment in associate 4 325,459 - TOTAL ASSETS 970,621 $ 767,245 $ LIABILITIES AND EQUITY Current liabilities Accounts payable and accrued liabilities 56,014 $ 36,875 $ Demand loans 5 168,611 168,611 Total current liabilities 224,625 205,486 Shareholders' Equity Common shares 6 11,438,201 10,938,201 Contributed surplus 349,524 303,647 Deficit (11,041,729) (10,680,089) Total equity 745,996 561,759 TOTAL LIABILITIES AND EQUITY 970,621 $ 767,245 $ Nature and continuance of operations 1 Commitments 3 Subsequent events 4 Approved on behalf of the Board of Directors: "Mark Rutledge" "Darcy Taylor" Mark Rutledge, Director Darcy Taylor, Director The accompanying notes are an integral part of these condensed consolidated interim financial statements. Standard Strategies Inc. Condensed Consolidated Interim Statements of Earnings (Loss) and Comprehensive Earnings (Loss) (Stated in Canadian Dollars) (Unaudited) Three months ended October 31, Nine months ended October 31, Notes 2025 2024 2025 2024 Expenses Filing, listing & transfer agent fees 6,249 $ 24,266 $ 16,015 $ 34,292 $ General and administrative 1,880 3,428 2,533 4,292 Management & directors fees 8 5,925 36,175 26,225 105,813 Professional fees 792 23,970 37,912 58,963 Promotion & marketing - - 705 - Share-based payments 7,8 3,664 5,112 45,877 5,112 Software development 3 - - - 675,000 Loss before other items (18,510) (92,951) (129,267) (883,472) Other items Equity loss on investment in associate 4 (106,620) - (124,541) - Fair value changes on investments 4 (379,565) (212,327) (107,832) (224,661) Gain (loss) on sale of investments 4 - (4,404) - (4,404) Earnings (loss) and comprehensive earnings (loss) for the period (504,695) $ (309,682) $ (361,640) $ (1,112,537) $ Basic and diluted income (loss) per common share 6 (0.01) $ (0.01) $ (0.01) $ (0.02) $ Weighted average number of common shares outstanding 6 77,192,245 55,165,813 66,219,370 52,382,054 The accompanying notes are an integral part of these condensed consolidated interim financial statements. Standard Strategies Inc. Condensed Consolidated Interim Statements of Changes in Equity (Stated in Canadian Dollars) (Unaudited) Contributed Number Amount --- Surplus Deficit Total Balance at January 31, 2025 55,165,813 10,938,201 $ 303,647 $ (10,680,089) $ 561,759 $ Common shares issued for cash: Private placement 22,026,432 500,000 - - 500,000 Share-based payments - - 45,877 - 45,877 Earnings (loss) for the period - - - (361,640) (361,640) Balance at October 31, 2025 77,192,245 11,438,201 $ 349,524 $ (11,041,729) $ 745,996 $ Contributed Number Amount Surplus Deficit Total Balance at January 31, 2024 48,066,563 10,263,201 $ 292,238 $ (9,495,190) $ 1,060,249 $ IP assignment 6,750,000 675,000 - - 675,000 Share-based payments - - 5,112 - 5,112 Earnings (loss) for the period - - - (1,112,537) (1,112,537) Balance at October 31, 2024 54,816,563 10,938,201 $ 297,350 $ (10,607,727) $ 627,824 $ Common Shares Common Shares The accompanying notes are an integral part of these condensed consolidated interim financial statements. Standard Strategies Inc. Condensed Consolidated Interim Statements of Cash Flows (Stated in Canadian Dollars) (Unaudited) Nine months ended October 31, 2025 2024 Operating Activities Earnings (loss) for the period (361,640) $ (1,112,537) $ Items not involving cash: Share-based payments 45,877 5,112 Software development - 675,000 Equity loss on investment in associate 124,541 - Fair value changes on investments 107,832 224,661 Loss (gain) on sale of investments - 4,404 Changes in non-cash working capital items: GST receivable 5,626 28,095 Prepaid expenses - (919) Accounts payable and accrued liabilities 19,139 (14,283) Net cash used in operating activities (58,625) (190,467) Financing Activities Common shares issued for cash, net of issue costs 500,000 - Net cash provided by financing activities 500,000 - Investing Activities Proceeds from sale of investments - 17,651 Purchase of investments (450,000) - Net cash provided by (used in) investing activities (450,000) 17,651 Change in cash during the period (8,625) (172,816) Cash, beginning of period 38,749 250,985 Cash, end of period 30,124 $ 78,169 $ Supplemental Cash Flow Information Income taxes paid - $ - $ Interest paid (received) - $ - $ Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 1. Nature and Continuance of Operations Standard Strategies Inc. (formerly Midori Carbon Inc.) (the “Company”), was incorporated under the laws of the Province of Alberta on April 19, 1998 and on July 26, 2002, the Company received a Certificate of Continuance from the Director under the provisions of the Canada Business Corporations Act and discontinued from the jurisdiction of Alberta. On February 11, 2020, the Company continued from under the Canada Business Corporations Act to under the Business Corporations Act (British Columbia). The Company’s registered office is located at 700 – 400 West Georgia Street, Vancouver, BC, V6B 5A1. Beginning in early 2023, the Company refocused its efforts on the carbon credit sector and during fiscal 2024, the Company conceived and developed its own carbon credit trading platform (note 3). On May 30, 2025, the Company announced a name change and rebranding to Standard Strategies Inc., marking a significant transition into the digital asset infrastructure space. This move includes participation in the creation of an affiliate company, Standard Strategies Pte Ltd (“Strategies Pte”), based in Singapore. Strategies Pte will work with the Company to redeploy its current proprietary pla --- tform to provide cloud-based AI-powered enterprise analytics software to manage and maximize return for publicly traded companies with Digital Asset Treasury Strategies (note 4). The Company intends to revise elements of its proprietary technology platform to reflect changes in business focus and license its tech to provide DeFi developers with essential tools such as staking nodes and compliance modules, as well as AI-powered analytics and performance metrics. Effective June 5, 2025, the Company's common shares began trading on the Canadian Stock Exchange under the new stock symbol "SBTC", replacing the previous symbol "MIDO". These consolidated financial statements have been prepared using accounting policies in compliance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) on the assumption that the Company will continue as a going concern and realize its assets and discharge its liabilities in the normal course of business rather than through a process of forced liquidation. As at October 31, 2025, the Company had not yet achieved profitable operations, has variable gains and losses depending on the valuations of its investments, and expects to incur further losses in the development of its business. These factors indicate a material uncertainty that may cast substantial doubt on the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is primarily dependent upon its ability to raise financing from equity markets or borrowings and upon successful results from its investments or potential acquisitions. While the Company has been successful in securing financings in the past, there is no assurance that it will be able to do so in the future. Accordingly, these financial statements do not give effect to adjustments, if any, that would be necessary should the Company be unable to continue as a going concern. If the going concern assumption was not used, then the adjustments required to report the Company’s assets and liabilities on a liquidation basis could be material to these financial statements. The condensed consolidated interim financial statements are presented in Canadian dollars and all values are rounded to the nearest dollar except where otherwise indicated. Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 2. Basis of Preparation a) Statement of compliance These condensed consolidated interim financial statements, including comparatives, are unaudited and have been prepared in accordance with IAS 34, Interim Financial Reporting (“IAS 34”) using accounting policies consistent with the International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”) and Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”). b) Basis of presentation These condensed consolidated interim financial statements have been prepared on the basis of accounting policies and methods of computation consistent with those applied in the Company’s January 31, 2025 annual financial statements. The preparation of interim financial statements in conformity with IAS 34 requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expe --- nses. Actual results may differ from these estimates. These condensed consolidated interim financial statements do not include all of the information required for full annual financial statements. Accordingly, these condensed consolidated interim financial statements should be read in conjunction with the Company’s last annual financial statements as at and for the year ended January 31, 2025 and filed on SEDAR.com. These condensed consolidated interim financial statements, including comparatives, have been prepared on the basis of IFRS standards that are published and effective at the time of preparation. These condensed consolidated interim financial statements have been prepared on the historical cost basis except for certain financial instruments, which are measured at fair value. These condensed consolidated interim financial statements include the accounts of the following entities: Location of Relationship Percentage Incorporation Standard Strategies Inc. Parent Canada 1250148 BC Ltd. Subsidiary 100% Canada Inter-company balances and transactions have been eliminated on consolidation. c) Approval of the financial statements The condensed consolidated interim financial statements of the Company for the three and nine months ended October 31, 2025 were reviewed by the audit committee and approved and authorized for issue by the Board of Directors on December 18, 2025. Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 3. Software Development During fiscal 2024, the Company created a proprietary carbon credit trading platform (the “Platform”) and related app. As stated in note 1, the Company intends to revise elements of the Platform to reflect changes in business focus and license its tech to provide DeFi developers with essential tools such as staking nodes and compliance modules, as well as AI-powered analytics and performance metrics. The Company anticipates it will incur additional software development expenditures on the Platform in conjunction with Strategies Pte during fiscal Q3 and Q4. 4. Investments and Investment in Associate January 31, Change in October 31, 2025 Purchases Dispositions Fair Value 2025 CRBN Technologies Inc. - $ - $ - $ - $ - $ IO+ Pte Ltd./Flex Labs Inc. - - - - - Sundae Bar PLC (formerly Ora Technology PLC) 719,360 - - (107,832) 611,528 719,360 $ - $ - $ (107,832) $ 611,528 $ a) CRBN Technologies Ltd (“CRBN”) CRBN is a UK based private company with a focus on developing a carbon credit trading platform. The Company owns 43,000,000 common shares and has a 27% ownership interest. The Company does not exert significant influence as the Company does not have representation on the board of directors and does not have the power to participate in the financial and operating policy decisions of CRBN. As such, CRBN is accounted for as a financial asset – equity investment. b) IO+ Pte Ltd. (“IO+”) / Flex Labs Inc. (“Flex”) IO+ was a Singapore based private company with a focus on developing a digital carbon trading platform targeted towards users in Asia. The Company purchased 4,000,000 common shares in January 2024. On May 9, 2024, the shareholders of IO+ agreed to sell their shares to Flex, on the basis of one share of IO+ for 0.77 shares of Flex. This resulted in the Company exchanging 4,000,000 shares of IO+ with a value of $68,768 (GBP40,000) for 3,087,719 shares for Flex with a valu --- e of $132,710 (GBP77,193). Flex was a UK based public company and its shares were listed and traded on the Aquis Stock Exchange (“Aquis”). On September 6, 2024, Flex delisted its common shares from Aquis and it plans to list its common shares on a Canadian exchange. Flex is not currently trading on any stock exchange. c) Sundae Bar PLC (“Sundae”) (formerly Ora Technology PLC) In May 2025, the Kondor AI PLC (“Kondor”) acquired all of common shares of Ora Technology PLC (“Ora”) via a share exchange of 0.9848 shares of Kondor for every 1 share of Ora. The Company held 5,000,000 common shares of Ora and those shares were exchanged for 4,924,000 common shares of Kondor. Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 4. Investments and Investment in Associate (cont’d) Kondor subsequently changed its name to Sundae Bar PLC (“Sundae”) and on June 3, 2025, shares of Sundae began trading on AIM of the London Stock Exchange under the symbol SBAR. The fair value change of $107,832 represents a loss on mark-to-market of Sundae’s common shares. Sundae is a company creating a marketplace for AI agents whereby the Sundae platform is intended to streamline the AI ecosystem by creating a unified marketplace and connecting AI agents with businesses and individuals. d) CRBN Technology Inc. (“CRBN USA”) During the year ended January 31, 2024, the shareholders of CRBN received shares in CRBN USA, a Delaware company, on a pro-rata basis. CRBN USA is developing its own carbon credit trading platform focused on the USA market. The Company received 430,000 common shares of CRBN USA with a value of $4.30 and has a 23.5% ownership interest. The fair value of the CRBN USA shares is $Nil. The Company does not exert significant influence as the Company does not have representation on the board of directors and does not have the power to participate in the financial and operating policy decisions of CRBN USA. As such, CRBN USA is accounted for as a financial asset – equity investment. e) Standard Strategies Pte Ltd (“Strategies Pte”) Strategies Pte is a Singapore based private company with a focus on developing AI powered software to assist companies implementing Digital Asset Treasury strategies. During the three months ended July 31, 2025, the Company purchased 400,000 common shares for $450,000. The Company currently owns 40% of Strategies Pte's issued and outstanding common shares and as such is using the equity method of accounting in order to account for this investment. For the three and nine months ended October 31, 2025, the Company’s share of Strategies Pte's net loss was $124,541 reducing the Company’s net investment in CRBN to $325,459. 5. Demand Loans Demand loans relate to debts incurred by the Company in prior years. The demand loans are unsecured and are due on demand. 6. Common Shares a) Authorized: An unlimited number of common shares with no par value. b) As at October 31, 2025, the Company has issued 77,192,245 common shares. The company issued the following common shares during the nine months ended October 31, 2025: i) on June 17, 2025 the Company completed a private placement by issuing 22,026,432 common shares at a price of $0.0227 per share for gross proceeds of $500,000. The private placement shares will have a four-month hold period. Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Co --- nsolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 6. Common Shares (cont’d) c) Income (loss) per share: Three months Three months Nine months Nine months ended ended ended ended October 31, October 31, October 31, October 31, 2025 2024 2025 2024 Numerator: Net income (loss) (504,695) $ (309,682) $ (361,640) $ (1,112,537) $ Denominator: Weighted average number of common shares (basic) 77,192,245 55,165,813 66,219,370 52,382,054 Dilutive effect of stock options - - - - Dilutive effect of warrants - - - - Weighted average number of common shares (diluted) 77,192,245 55,165,813 66,219,370 52,382,054 Basic and diluted income (loss) per common share (0.01) $ (0.01) $ (0.01) $ (0.02) $ 7. Share-based Payments The Company has a rolling Stock Option Plan (‘Plan’) for directors, officers, employees and consultants of the Company. The Company may grant non-transferable options to individuals (which are exercisable over periods of up to ten years) as determined by the Board of Directors of the Company, to buy shares of the Company at the fair market value on the date the option is granted. The maximum number of shares which may be issuable under the Plan cannot exceed 10% of the total number of issued and outstanding shares on a non-diluted basis. On October 1, 2024, the Company granted 500,000 stock options to a Director. Each option is exercisable to acquire one common share at an exercise price of $0.10 expiring September 30, 2026. The stock options vest as to 12.5% on date of grant and 12.5% every three months thereafter. The Company recognized $6,619 (2024 - $nil) for share-based payments. The fair value of the 500,000 stock options was estimated using the Black-Scholes option pricing model assuming a weighted average risk-free interest rate of 2.85%, a dividend yield of nil, a weighted average expected annual volatility of the Company’s share price of 80% and an expected life of 2 years. The fair value of the stock options was $0.04 per option. The expected volatility assumption is based on the estimated volatility of early-stage companies. The risk-free interest rate is based on yield curves on the Canadian government zero-coupon bonds or Canadian government treasury bills with a remaining term equal to the options’ expected life. On February 3, 2025, the Company granted 3,750,000 stock options to officers and directors. Each option is exercisable to acquire one common share at an exercise price of $0.025 expiring February 2, 2030. The stock options vest as to 25% every three months from date of grant. The Company recognized $35,594 (2024 - $nil) for share-based payments. Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 7. Share-based Payments (cont’d) The fair value of the 3,750,000 stock options was estimated using the Black-Scholes option pricing model assuming a weighted average risk-free interest rate of 2.64%, a dividend yield of nil, a weighted average expected annual volatility of the Company’s share price of 80% and an expected life of 5 years. The fair value of the stock options was $0.01 per option. The expected volatility assumption is based on the estimated volatility of early-stage companies. The risk-free interest rate is based on yield curves on the Canadian government zero-coupon bonds or Canadian government treasury bills with a remaining term equal --- to the options’ expected life. Stock options exercisable and outstanding are as follows: Exercise Expiry Date Outstanding Exercisable Price July 31, 2026 1,050,000 1,050,000 0.09 $ September 30, 2026 500,000 312,500 0.10 $ February 2, 2030 2,750,000 1,375,000 0.025 $ 4,300,000 2,737,500 Number of Options During the nine months ended October 31, 2025, 200,000 stock options with an exercise price of $0.09 were cancelled and 1,000,000 stock options with an exercise price of $0.025 were cancelled. The weighted average remaining contractual life of outstanding share options at October 31, 2025 was 3 years. 8. Related Party Disclosures Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The following is a summary of the related party transactions that occurred during the nine months ended October 31, 2025: a) Compensation of key management personnel The Company has determined that key management personnel consist of its Directors, the CEO and CFO. October 31, October 31, 2025 2024 Management fees 20,225 $ 83,813 $ Directors fees 6,000 22,000 Share-based payments - vested stock options 45,877 5,112 72,102 $ 110,925 $ Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 8. Related Party Disclosures (cont’d) As at October 31, 2025, $18,900 (January 31, 2025 - $4,909) is owing to related parties and included in accounts payable and accrued liabilities. 9. Financial Instruments and Capital Management The investment operations of the Company’s business involve the purchase and sale of securities and, accordingly, the majority of the Company’s assets are currently comprised of financial instruments. The use of financial instruments can expose the Company to several risks, including interest rate, credit, currency, liquidity and market risk. A discussion of the Company’s use of financial instruments and their associated risk is provided below: a) Fair value The Company classifies its financial instruments using a fair value hierarchy as a framework for disclosing fair value of financial instruments based on inputs used to value the Company’s investments. The hierarchy of inputs and description of inputs is described as follows: Level 1: fair values are based on quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: fair values are based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); or Level 3: fair values are based on inputs for the asset or liability that are not based on observable market data, which are unobservable inputs. Notes Level 1 Level 2 Level 3 Total FVTPL Cash 30,124 $ - $ - $ 30,124 $ Private company shares 4 - - - - Public company shares 4 611,528 - - 611,528 641,652 $ - $ - $ 641,652 $ October 31, 2025 Notes Level 1 Level 2 Level 3 Total FVTPL Cash 38,749 $ - $ - $ 38,749 $ Private company --- shares 4 - - - - Public company shares 4 719,360 - - 719,360 758,109 $ - $ - $ 758,109 $ January 31, 2025 The Company determines transfers between the levels of the fair value hierarchy to have occurred on the date of the event or change in circumstance that caused the transfer. Transfers from fair value Level 3 occur when quoted prices in active markets for identical assets or liabilities become available or inputs other than quoted prices become observable for the asset or liability either directly or indirectly. Transfers to fair value Level 1 occur when quoted prices in an active market for identical assets or liabilities become available. Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 9. Financial Instruments and Capital Management (cont’d) Fair value estimates are made at the statement of financial position date, based on relevant market information and other information about financial instruments. As at October 31, 2025, amounts reflected in the statements of financial position for cash are carrying amounts and approximate their fair values due to their short-term nature. The fair value of unquoted investments is established using valuation techniques. These may include the use of recent arm’s length transactions, a Black-Scholes option pricing model, discounted cash flow analysis, a probability- weighted expected return model, or a current value method. Where a fair value cannot be estimated reliably, the investment is reported at the carrying value at the previous reporting date. The Company assesses at each reporting period whether there is any objective evidence that the unquoted investments are impaired. The unquoted investments are deemed to be impaired, if and only if, there is objective evidence of impairment as a result of one or more events that have occurred after the initial recognition of the asset (an incurred ‘loss event’) and that loss event (or events) has an impact on the estimated future fair value of the investments that can be reliably measured. b) Credit risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company’s cash is exposed to credit risk, with the carrying value being the Company’s maximum exposure. The Company’s cash consists of funds held at chartered Canadian banks. The Company is required to review impairment of its financial assets at amortized costs at each reporting period and to review its allowance for doubtful accounts for expected future credit losses. The Company minimizes credit risk by performing credit reviews, ongoing credit evaluation and account monitoring procedures. c) Liquidity risk Liquidity risk is the risk that the Company will not have sufficient cash resources to meet its financial obligations as they come due. The Company’s liquidity and operating results may be adversely affected as a result of downturn in stock market conditions generally or related to matters specific to the Company, or if the value of the Company’s investments declines, resulting in losses upon disposition. The Company currently generates cash flow primarily from issuances of its common shares. The Company may in the future dispose of certain investments in order to fund obligations as they become due under normal operating conditions. d) Market risk The Company is --- exposed to certain market risk that the value of, or future cash flows from, the Company’s financial assets will significantly fluctuate due to changes in market prices. The value of the financial assets may be affected by changes in interest rates, foreign exchange rates, and equity and commodity prices. The Company is exposed to market risk in its investments, and unfavorable market conditions could result in dispositions of investments at less than favorable prices. Additionally, the Company is required to mark-to-market its FVTPL investments at the end of each reporting period. This process could result in significant write-downs of the Company’s investments over one or more reporting periods, particularly during periods of overall market instability, which would have a significant unfavorable effect on the Company’s financial position. Standard Strategies Inc. (formerly Midori Carbon Inc.) Notes to the Condensed Consolidated Interim Financial Statements October 31, 2025 (Stated in Canadian Dollars) (Unaudited) 9. Financial Instruments and Capital Management (cont’d) The Company’s investments include public company shares. The following table shows the estimated sensitivity on the statement of earnings (loss) and comprehensive earnings (loss) for the nine-month period ended October 31, 2025 of the closing price of the Company’s public company shares with all other variables held constant as at October 31, 2025: Percentage of change Change in earnings and comprehensive Change in earnings and comprehensive in closing prices earnings from % increase in closing price earnings from % decrease in closing price 5% $30,576 $(30,576) 10% $61,153 $(61,153) e) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is not exposed to significant interest rate risk as cash only comprised bank account balances as of October 31, 2025. The Company had no interest rate swaps as at or during the nine months ended October 31, 2025. f) Currency risk Currency risk is the risk that fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. Financial instruments that impact the Company’s earnings or loss due to currency fluctuations include foreign currency denominated assets and liabilities. The Company does not use derivative instruments or hedges to manage currency risks. The sensitivity of the Company’s earnings or loss due to changes in the exchange rate between the foreign currency and Canadian dollar is included in the table below: Effect of +/- 10% change in Currency denomination Investments currency United Kingdom 611,528 $ 61,153 $ g) Capital management The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to identify and acquire new investments or business opportunities. The Company does not have any externally imposed capital requirements to which it is subject. The Company considers the aggregate of its cash and common shares as capital. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may attempt to issue new common shares; issue debt; acquire or dispose of assets; or adjust the amount of cash. Most of the Co --- mpany’s investments are in the early stage of development and are not producing positive cash flow. As such, the Company is dependent on external financing to fund its activities. In order to carry out operations, the Company will spend its existing working capital and raise additional amounts as needed.