Mr. Jason Birmingham reports

ABOUND COMPLETES DEBT SETTLEMENT

Abound Energy Inc. has completed its debt settlement previously announced on June 30, 2026.

Pursuant to the debt settlement, the company has issued an aggregate of 4,375,000 common shares at a deemed price of eight cents per share to settle $350,000 of outstanding indebtedness owing to certain creditors of the company. As a result of the debt settlement, the indebtedness described above has been fully satisfied and extinguished.

All common shares issued pursuant to the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The common shares are also subject to a one-year contractual resale restriction, which runs concurrently with the four-month hold period.

Certain insiders of the company, being directors and officers of the company and companies controlled by them, participated in the debt settlement, settling an aggregate of $350,000 of outstanding indebtedness in consideration for the issuance of an aggregate of 4,375,000 common shares.

Following completion of the debt settlement, Abound has 21,801,261 common shares issued and outstanding.

The participation of these insiders in the debt settlement constitutes a related party-transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company relied on the exemption from the formal valuation requirement contained in Section 5.5(a) of MI 61-101 and the exemption from the minority shareholder approval requirement contained in Section 5.7(1)(a) of MI 61-101 on the basis that, at the time the transaction was agreed to, neither the fair market value of the securities to be issued to, nor the fair market value of the consideration to be received from, the related parties exceeds 25 per cent of the company's market capitalization.

No new control person was created as a result of the debt settlement.

Private placement and H2Si Power Inc. transaction

As announced in a previous news release on June 30, 2026, Abound also expects to complete a non-brokered private placement of up to 3.75 million common shares at a price of eight cents per share for aggregate gross proceeds of up to $300,000, which it anticipates closing prior to the end of July, 2026. In addition, Abound expects to complete its technology commercialization and licence transaction with H2Si for the H2Si technology, under which Abound would issue up to five million common shares, anticipated to close by the end of July, 2026. The H2Si technology produces hydrogen on demand through a controlled silicon-water reaction, and is being developed as a modular, point-of-use platform for industrial, mobility and distributed energy applications. Completion of each of the private placement and the H2Si transaction remains subject to customary closing conditions and to acceptance by the Canadian Securities Exchange. There can be no assurance that either transaction will be completed on the anticipated terms or time frame, or at all.

About Abound Energy Inc.

Abound specializes in developing scalable, environmentally friendly, long-lasting energy technology. Its patented Zaeras long-duration energy storage technology, leveraging zinc-air chemistry, is designed to store and deliver electricity on demand, without the limitations or environmental risks associated with current market leaders.

We seek Safe Harbor.