Forward Water Technologies Corp. Announces Update to Previously Disclosed Shares for Debt Settlement

Executive Summary

• Forward Water Technologies Corp. has updated the terms of its previously announced debt-for-equity settlement to comply with TSX Venture Exchange pricing policies.
• The company will issue 180,000 common shares at a deemed price of $0.05 per share to settle $9,000.00 of accrued interest.
• The creditor for the indebtedness has been updated from GreenCentre to Queen's University at Kingston, with the transaction remaining subject to TSXV approval.

Key Details

• Transaction Type: Debt-for-equity settlement (shares for debt)
• Debt Amount Settled: $9,000.00 of interest
• Shares to be Issued: 180,000 common shares in the capital of FWTC
• Deemed Price: $0.05 per share
• Creditor/Recipient: Queen's University at Kingston (updated from GreenCentre)
• Regulatory Compliance: Terms amended to comply with TSX Venture Exchange pricing policies
• Conditions Precedent: Subject to TSX Venture Exchange approval and available prospectus exemptions under Canadian securities law
• Hold Period: 4 months and 1 day following the date of issuance
• Prior Reference: Amends and updates terms disclosed in the company's press release dated May 29, 2026.