Mapath closes $605,000 private placement

Mr. Marcus New reports MAPATH CAPITAL ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT Mapath Capital Corp. has closed its previously announced non-brokered private placement of 12.1 million common shares in the capital of the company at a price of five cents per offered share for gross proceeds of $605,000. Proceeds of the offering will be used for working capital purposes and the repayment of debt. There are no finders' fees in connection with the offering. The company has also closed its previously announced shares-for-debt transaction with two creditors whereby the company issued 768,000 common shares of the company at a price of five cents per share to settle $38,400 of non-cash payables pertaining to two convertible debentures with a principal amount of $20,000 and $12,000, respectively, and accrued interest of $4,000 and $2,400, respectively. All securities issued pursuant to the offering and the shares for debt will be subject to a regulatory hold period ending on March 15, 2026, in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such other further restrictions as may apply. Two insiders of the company purchased an aggregate of 800,000 offered shares in the offering and will receive 768,000 common shares pursuant to the shares for debt. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation. We seek Safe Harbor.