Sharc cancels one offering, arranges another

Mr. Fred Andriano reports SHARC ENERGY ANNOUNCES UPDATE ON CONVERTIBLE DEBENTURE FINANCING Sharc International Systems Inc. intends to complete a non-brokered private placement of secured convertible debentures with a principal amount of up to $1.5-million. The debenture is secured against all present and after acquired assets of the company. The debentures will bear interest at a rate of 8.0 per cent per annum and mature on the date that is 24 months from the date of issuance. The holder will have the option to extend the maturity date for a period of 12 months and receive all accrued and unpaid interest in cash or in common shares in the capital of the company at a price of 10 cents per common share. Additionally, the outstanding principal amount owed under a debenture may be converted into common shares at the conversion price at the option of the holder at any time on or prior to the last business day prior to the maturity date. The company may from time to time, in its sole discretion, prepay all or a part of the principal amount and accrued interest without penalty. The company intends to use the proceeds from the offering for working capital purposes as the company continues to fulfill the shipment and delivery of Sharc and Piranha wet systems. The company may pay a finder's fee in connection with the offering to eligible arm's-length finders in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. The above offering is being carried out in place of the previously announced offering on June 20, 2025, which is cancelled. About Sharc International Systems Inc. Sharc is a world leader in energy recovery from the waste water sent down the drain every day. Sharc Energy's systems recycle thermal energy from waste water, generating one of the most energy-efficient and economical systems for heating, cooling and hot water production for commercial, residential and industrial buildings along with thermal energy networks, commonly referred to as district energy. Sharc Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA). We seek Safe Harbor.