EARTHWORKS INDUSTRIES INC. PROVIDES MANAGEMENT CEASE TRADE ORDER UPDATE

• The most recent release dated April 28, 2026, provides a bi-weekly update regarding an existing Management Cease Trade Order (MCTO) issued by the British Columbia Securities Commission.
• The company is working with auditors to file audited financial statements and annual MD&A for the fiscal year ended November 30, 2025.
• Expected completion date for these filings is no later than May 29, 2026.
• No material changes have occurred since previous default announcements in March 2026.
• There are no anticipated specified defaults subsequent to the initial default.
• This update confirms ongoing regulatory compliance issues and reporting delays.

• The news is categorized as Routine - Negative because it is a required bi-weekly status report on an existing MCTO rather than new substantive business development.
• The underlying situation remains critical: management trading restrictions persist, indicating serious governance or financial reporting failures.
• The delay in filing audited financials until May 29, 2026, suggests continued operational and accounting challenges that could threaten TSX Venture Exchange listing status.
• While the company is working to resolve the default, the timeline extends well into late spring, maintaining investor uncertainty.
• No positive catalysts are introduced in this specific release; it merely confirms the continuation of a negative regulatory environment.

• Earthworks Industries Inc. was originally focused on waste management through its subsidiary Cortina Integrated Waste Management Inc.
• The Cortina project lease with the Kletsel Dehe Wintun Nation was terminated by a U.S. District Court in October 2025, and the company decided not to appeal due to low probability of success.
• Millions of dollars were spent on environmental reviews and technical studies for the Cortina site prior to termination.
• The company is currently transitioning its corporate structure to focus on critical minerals recycling and recovery.
• Strategic pivot involves acquiring intellectual property from Wokaura Art & Innovations Inc., including modular processing architecture and a cloud-based operating platform.