Novra further extends loan agreement with SNAPS

Mr. Harris Liontas reports NOVRA ANNOUNCES PARTIAL CLOSING AND THIRD EXTENSION OF SNAPS CONVERTIBLE LOAN AGREEMENT Novra Technologies Inc. has partially closed and further extended its binding convertible loan agreement with SNAPS Holding Company, which was initially announced on Sept. 10, 2024, and subsequently extended. As disclosed in previous statements, under this agreement, SNAPS will provide $9-million (U.S.) ($12.3-million (Canadian)) for a term of two years, with interest at 1 per cent per annum, and the first $500,000 (U.S.) was received by Novra in June. This loan can be converted into Novra common shares by either SNAPS or Novra at any time during the term at 34 Canadian cents per share. Novra has received TSX Venture Exchange approval for this $500,000 (U.S.) tranche of the loan and up to 2,002,944 shares could be issued if the full amount is eventually converted. The closing date for the remaining $8.5-million (U.S.) under this loan agreement with SNAPS has now been extended to be on or before Dec. 15, 2025. The closing for future tranches of the loan will require TSX-V approval, including specific approval of the share pricing at the time of that closing, and shareholder approval may also be required. Although SNAPS has demonstrated its strong commitment to the convertible loan agreement by providing a first tranche of funds, the additional funds that were anticipated in June and July have not yet been received. The company cautions investors to refrain from placing undue reliance on forward-looking statements regarding this transaction. Novra can provide no assurance that the convertible loan agreement will be completed in its entirety as proposed. Novra's directors were re-elected for the ensuing year by shareholders at the company's most recent annual general meeting (AGM), held on June 27, 2025. This AGM did not result in any material changes. As insiders, Novra's directors and officers are currently subject to a trading blackout, and this will continue for an additional one-week period after an update announcing an end to the blackout or an announcement that the loan has closed in full is released. About Novra Technologies Inc. Novra is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Novra Group of companies includes Novra Technologies, International Datacasting Corp. and Wegener Corp. The companies in the group are known for a strong focus on applications, including: broadcast video and radio; digital cinema; digital signage; and highly reliable data communications. We seek Safe Harbor.