DYE & DURHAM PROVIDES BI-WEEKLY MCTO STATUS UPDATE

Executive Summary

• Dye & Durham Limited filed its bi‑weekly default status report required under National Policy 12‑203, confirming the continuation of a temporary voluntary Management Cease Trade Order (MCTO) issued by the Ontario Securities Commission.
• The MCTO remains in place because the Company has not yet filed its audited consolidated financial statements for the fiscal year ended 30 June 2025, along with the accompanying MD&A and CEO/CFO certificates, which were due on 29 September 2025.
• No material change has occurred since the prior report (15 Oct 2025); the Company is responding to a second OSC review letter and expects to complete its filings as soon as practicable.

Key Details

• MCTO Background: Issued on 1 Oct 2025 after Dye & Durham requested a temporary voluntary cease‑trade order due to delayed filing of Annual Financial Statements, MD&A, and CEO/CFO certificates for FY 2024‑25.
• Restrictions: The MCTO bars the CEO and CFO from trading or acquiring the Company’s securities (directly or indirectly) until two full business days after the OSC receives the required filings. Other shareholders may trade normally.
• Current Status (as of 29 Oct 2025):
• No material change to information previously disclosed in the initial MCTO announcement.
• No failure to meet alternative information guidelines under NP 12‑203.
• No additional defaults under NP 12‑203 have occurred.
• No other undisclosed material information exists.
• Regulatory Process: The Company received a second review letter from the OSC after submitting its response to an initial review letter. It is presently preparing a further response and working to finalize the Annual Filings.
• Bi‑weekly Reporting Requirement: NP 12‑203 mandates that companies under an MCTO file default status reports every two weeks via news release; the prior report was filed on 15 Oct 2025.
• Forward‑Looking Statements: The release contains customary forward‑looking language regarding expectations for completing the OSC review, filing the Annual Filings, and any potential impact on previously reported results.

Notable Quotes

(No direct quotes from executives were included in the release.)