Hempalta to hold AGM April 9

Executive Summary

• Hempalta Corp. has scheduled its Annual General Meeting (AGM) for April 9, 2026, in Calgary, where shareholders will vote on a proposed corporate name change to "Next Phase Ventures Ltd." to reflect a strategic shift toward a diversified venture platform.
• The company is continuing to accept subscriptions for a previously announced non-brokered private placement through and shortly following the AGM.
• The Board has constituted an Audit Committee with Chris Ostafie as chair and approved the audited annual financial statements and MD&A for the fiscal year ended September 30, 2025, which have been filed on SEDAR+.

Key Details

• AGM Details: The Annual General Meeting of shareholders is set for April 9, 2026, in Calgary, Alberta. Formal notice of meeting, information circulars, and proxy materials will be distributed in due course.
• Proposed Name Change: The Board has authorized a proposal to change the corporate name to "Next Phase Ventures Ltd." (or other determined name), subject to shareholder approval and TSX Venture Exchange acceptance. This change aims to align with a strategy to evolve into a diversified venture platform while maintaining existing subsidiaries (Hempalta Processing Inc. and Hemp Carbon Standard Inc.) as distinct operating divisions.
• Financing Update: The company continues to pursue additional subscriptions under its previously announced non-brokered private placement. Subscriptions will be accepted through and shortly following the upcoming AGM. Specific financial terms (price, quantity, proceeds) were not detailed in this release.
• Audit Committee Composition: The Board has constituted an Audit Committee comprising all three directors. Chris Ostafie, an independent director, has been appointed as Chair. The composition satisfies TSX Venture Exchange Policy 3.1 requirements, including the majority independence rule.
• Financial Filings: The Board approved the audited annual financial statements and Management’s Discussion & Analysis (MD&A) for the fiscal year ended September 30, 2025. These documents have been filed on SEDAR+ in accordance with applicable securities laws.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.