Early Warning Press Release

Executive Summary

• Westcan Energy Ltd. acquired 702,501 common shares of Pender Street Capital Corp., representing approximately 11.7% of the company’s issued and outstanding common shares on a non‑diluted basis.
• The acquisition was completed on January 16, 2026 at an average price of $0.064 per share, for a total purchase price of $45,175.
• Westcan Energy does not intend to acquire additional securities that would result in a change of control; the transaction triggers an Early Warning Report filing within two days.

Key Details

• Purchaser: Westcan Energy Ltd., a private British Columbia corporation.
• Sellers and share counts:
• Mark Vanry – 402,501 shares
• 677185 BC LTD. – 200,000 shares (will continue to own >10% of the company)
• Cody Campbell – 100,000 shares
• Pre‑transaction ownership by Westcan Energy: 0 common shares.
• Post‑transaction ownership by Westcan Energy: 702,501 shares (~11.7% non‑diluted).
• Purchase price: $45,175 total (average $0.064 per share).
• No seller will exceed the 10% beneficial ownership threshold after the transaction, except 677185 BC LTD., which already holds >10%.
• Westcan Energy states the shares were acquired for investment purposes and may consider additional purchases or disposals depending on market conditions, but has no intention to seek control of Pender Street Capital Corp.
• An Early Warning Report will be filed within two days of this release on SEDAR+ under the company’s issuer profile.

Notable Quotes

(No direct quotes were provided in the release.)