ZenaTech Inadvertently Files Early Warning Report Pursuant to National Instrument 61-103

Recent Insider Acquisition Activity

• ZenaTech, Inc. and CEO Dr. Shaun Passley acquired a combined 7,244,000 common shares of Boardwalktech Software Corp.
• Purchase price ranged between $0.035 and $0.05 per share on the TSX Venture Exchange.
• Combined ownership represents less than 10% of outstanding common shares following adjustment for a recent private placement.
• The acquisition was filed as an Early Warning Report pursuant to National Instrument 61-103, indicating regulatory compliance with significant stake disclosure rules.

Sentiment vs. Fundamental Reality

• The insider accumulation is a positive sentiment signal but does not alter the immediate financial distress of the company.
• While ZenaTech and Dr. Passley are betting on recovery, the core business metrics (revenue decline, cash burn) remain unchanged by this share purchase alone.
• The investment validates that management believes the stock price ($0.035-$0.05 range) offers value, but it does not provide immediate liquidity to solve the debt or operational runway issues.

Core Business Model

• Boardwalktech provides patented digital-ledger and AI-enabled enterprise software solutions.
• Headquartered in Cupertino, CA with offices in India and operations across North America.
• Focuses on automating forecasting, planning, demand visibility, and compliance controls for regulated industries (banks, insurers) and supply chain management.