Iocaste receives conditional TSX-V OK for TenX QT

Mr. Lorne Sugarman reports IOCASTE VENTURES AND TENX PROTOCOLS ANNOUNCE TSX-V CONDITIONAL ACCEPTANCE AND FILING OF FILING STATEMENT Iocaste Ventures Inc. and TenX Protocols Inc. have received conditional acceptance from the TSX Venture Exchange for the closing of the previously announced arm's-length qualifying transaction of the parties. In connection with the qualifying transaction, the parties have publicly filed a filing statement dated Nov. 25, 2025, prepared in accordance with the requirements of the TSX-V. The filing statement is available under the company's issuer profile on SEDAR+. Further to the parties' comprehensive news release dated Aug. 18, 2025, the qualifying transaction will be completed by way of a three-cornered amalgamation under the Business Corporations Act (Ontario) among the company, TenX and a wholly owned subsidiary of the company incorporated for the purpose of completing the amalgamation. The amalgamation will result in the reverse takeover of the company by the shareholders of TenX following which the company, as the issuer resulting therefrom, is expected to carry on the current business of TenX under the name TenX Protocols Inc. or such other name as may be determined by TenX and deemed acceptable to the applicable regulatory authorities. The business of the resulting issuer will be primarily focused on vertically integrated staking that combines digital asset staking, in-house validator operations and a forthcoming staking platform for third party participation. It is anticipated that the common shares of the resulting issuer will trade on the TSX-V under the ticker symbol TNX shortly following the closing of the qualifying transaction. The completion of the qualifying transaction is subject to a number of conditions, including, but not limited to, receipt of all required regulatory approvals, including final TSX-V acceptance, and satisfaction of other customary closing conditions. Assuming all conditions for closing are satisfied, the closing of the qualifying transaction is expected to occur on or about Dec. 2, 2025, or such other date as the parties may determine. For further information regarding the qualifying transaction, please see the filing statement, which is available under the company's issuer profile on SEDAR+. We seek Safe Harbor.