Mr. Michael MacMillan of Blue Ant reports

THUNDERBIRD SHAREHOLDERS APPROVE ACQUISITION BY BLUE ANT MEDIA

Blue Ant Media Corp.'s proposed acquisition of Thunderbird Entertainment Group Inc. is one step closer to completion with Thunderbird shareholders (as defined below) overwhelmingly voting in favour of the transaction.

At Thunderbird's special meeting of holders of common shares of Thunderbird held on Jan. 22, 2026, the Thunderbird shareholders approved the special resolution approving the plan of arrangement under the Business Corporations Act (British Columbia), involving, among other things, the acquisition by Blue Ant of all of the issued and outstanding Thunderbird shares. The arrangement resolution required approval of at least two-thirds (66-2/3rds per cent) of the votes cast by Thunderbird shareholders at the meeting and 78.84 per cent of the votes cast by Thunderbird shareholders at the meeting were in favour of the arrangement resolution.

"We are very pleased with the results from Thunderbird's shareholder meeting, with their shareholders voting overwhelmingly in favour of the transaction," said Michael MacMillan, chief executive officer of Blue Ant. "Combining our businesses will add scale, create meaningful cost synergies, strengthen our earnings and cash flow profile, and enhance our presence in the capital markets. We are extremely excited about the path ahead and expect to close the acquisition in the coming weeks."

Thunderbird will apply for a final order approving the arrangement from the Supreme Court of British Columbia on Jan. 26, 2026. Assuming all other terms and conditions, including applicable stock exchange and regulatory approvals, to the arrangement are satisfied, it is expected that the arrangement will be completed in the coming weeks.

About Blue Ant Media Corp.

Blue Ant is an international streamer, production studio and rights management business. Blue Ant operates a diverse portfolio of free streaming and pay-TV channels internationally, including Love Nature, Cottage Life, Smithsonian Channel Canada, BBC Earth Canada, HauntTV, Homeful and Love Pets, as well as the subscription streaming service MagellanTV. Its studio business produces and distributes a wide range of premium content across key genres for streaming and broadcast platforms worldwide. Blue Ant is headquartered in Toronto, with a presence in Los Angeles, New York, Miami, Singapore, London, Washington, Sydney, Halifax and Ottawa.

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