CLOSING OF A SHARES FOR DEBT

• Event: Closing of a Share-for-Debt transaction with Gestion Harland Inc. (Henri Harland).
• Date: May 5, 2026.
• Details: Issuance of 4,460,500 Class A shares at $0.05 per share to settle unpaid royalties totaling $223,025.
• Ownership Impact: Henri Harland's indirect ownership increases to approximately 18.5% on an undiluted basis (22.1% partly diluted).
• Restrictions: Shares subject to a four-month and one-day resale restriction period from the closing date.
• Regulatory Status: Classified as a related party transaction exempt from formal valuation requirements under MI 61-101, as consideration is below 25% of market capitalization.

• Expected Execution: This news represents the closing of transactions proposed in early April (April 1, 3, and 4 releases). The market has already been aware of the intent to settle debt with equity for weeks.
• Balance Sheet Impact: Reduces liabilities by $223,025, which is positive for solvency but negligible relative to the company's overall capital structure needs.
• Dilution Risk: Issuing shares at $0.05 when trading near $0.06 represents a slight discount, adding to shareholder dilution without raising new cash.
• Insider Confidence: Henri Harland increasing stake to 18.5% signals insider commitment, but the context is debt settlement rather than organic growth investment.
• Contextual Risk: This follows a pattern of constant financing (Private Placements in Jan/Feb) and inability to pay operational obligations (royalties/compensation), indicating ongoing liquidity stress despite the "strengthening" narrative.

• Core Business: Geekco Technologies focuses on the "TellMe" application platform.
• Development Status: The flagship asset ("TellMe") was subject to a significant impairment loss of $1,142,034 in April 2026, reducing its value in use to $654,341.
• Operational Focus: Proceeds from recent financings are designated for marketing campaigns and continuous improvement of the application.
• Regulatory Standing: The company is currently non-compliant with Exchange Policy 3.2 regarding annual shareholder meeting timing (last meeting Sept 2022, next scheduled May 2026).