Mr. Brenton Scott reports

PRESS RELEASE FOR EARLY WARNING REPORT REGARDING CRITICAL INFRASTRUCTURE TECHNOLOGIES LTD.

On Sept. 4, 2026, 23 XI Investments Pty. Ltd. TR JJC Consulting Services Trust, a company wholly owned by Brenton Scott, the chief executive officer and a director of Critical Infrastructure Technologies Ltd., acquired 3,814,212 units, comprising 3,814,212 common shares and 3,814,212 common share purchase warrants of Critical Infrastructure Technologies at a deemed price of eight cents per unit pursuant to a shares-for-debt transaction, whereby Critical Infrastructure Technologies settled outstanding indebtedness of $305,137 owed to 23 XI.

Immediately prior to the debt settlement, 23 XI held 25,685,283 shares and two million incentive stock options exercisable into common shares, representing approximately 20.5 per cent of the then-issued-and-outstanding shares on a non-diluted basis.

Following completion of the debt settlement, 23 XI holds 29,499,495 shares (including 3,814,212 shares acquired hereunder and forming part of the units) and 3,814,212 warrants acquired hereunder and forming part of the units), representing approximately 19.2 per cent of the current issued and outstanding shares on a non-diluted basis. Upon exercise of the options, 23 XI would hold 31,499,495 shares on a fully diluted basis.

As a result of the debt settlement, the securityholding percentage of 23 XI decreased by approximately 1.3 per cent in respect of the shares on a non-diluted basis and increased by approximately 1.2 per cent on a diluted basis.

23 XI acquired the units for investment purposes. 23 XI may, depending on market and other conditions, increase or decrease its ownership of the company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. The disclosure respecting 23 XI's securityholdings of the company contained in this news release is made pursuant to Multilateral Instrument 62-104, Take-Over Bids and Issuer Bids, and a report respecting the above acquisition will be filed with the applicable securities commissions using SEDAR+ and will be available for viewing on SEDAR+.