Greenbriar closes $225,000 private placement

• Greenbriar Sustainable Living Inc. closed a non-brokered private placement of 500,000 units on May 15, 2026.
• Proceeds totaled $225,000 at a price of $0.45 per unit.
• Each unit includes one common share and one warrant exercisable at $0.55 until May 15, 2029.
• Securities are subject to a four-month hold period expiring September 16, 2026.
• Proceeds designated for general working capital; no commissions or finder's fees paid.
• This follows the announcement on May 11, 2026, where the placement was arranged at identical terms.

• The $225,000 raise is immaterial relative to the company's stated project pipeline and capital needs.
• The transaction was announced four days prior (May 11), making the May 15 closing announcement expected by the market.
• No new strategic equity investors were introduced; this is a continuation of small-scale working capital financing.
• The lack of confirmation regarding the USD $40 million construction loan (announced December 2025) remains the primary negative context, as this small raise does not substitute for major project funding.
• Dilution risk persists with new warrants issued at $0.55 exercise price against a current trading price of roughly $0.56.

• Greenbriar Sustainable Living Inc. focuses on sustainable real estate and renewable energy development.
• Flagship Project: Sage Ranch development in California, involving real estate and renewable energy components.
• The company is attempting to secure a USD $40 million senior secured construction loan for this project from Voya Investment Management.
• Regulatory hurdles include revised water-supply assessments required under California law.