Subject: Press Releases for Dissemination
PDF Document
File: Attachment CTTT - 23 XI Press Release re Early Warning - Sept 2026.pdf
PRESS RELEASE FOR EARLY WARNING REPORT REGARDING CRITICAL
INFRASTRUCTURE TECHNOLOGIES LTD.
WESTERN AUSTRALIA, AUSTRALIA, September 4, 2026 - On September 4, 2026, 23 XI
Investments Pty Ltd TR JJC Consulting Services Trust ("23 XI"), a company wholly-owned by
Brenton Scott, the Chief Executive Officer and a director of Critical Infrastructure Technologies
Ltd. ("CTTT"), acquired 3,814,212 units, comprised of 3,814,212 common shares (the "Shares")
and 3,814,212 common share purchase warrants ("Warrants") of CTTT at a deemed price of
$0.08 per Unit pursuant to a shares for debt transaction whereby CTTT settled outstanding
indebtedness of $305,137 owed to 23 XI (the "Debt Settlement").
Immediately prior to the Debt Settlement, 23 XI held 25,685,283 Shares and 2,000,000 incentive
stock options exercisable into Common Shares (the "Options"), representing approximately
20.5% 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% 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% in respect of the Shares on a non-diluted basis and increased by
approximately 1.2% 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 security holdings 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 the
Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available
for viewing at www.sedarplus.ca.
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PDF Document
File: Attachment CTTT - A. Hill Press Release re Early Warning - Sept 2026.pdf
PRESS RELEASE FOR EARLY WARNING REPORT REGARDING CRITICAL
INFRASTRUCTURE TECHNOLOGIES LTD.
WESTERN AUSTRALIA, AUSTRALIA, September 4, 2026 - On September 4, 2026, Andrew
Kenneth Hill ("Hill"), the Chief Technology Officer and a director of Critical Infrastructure
Technologies Ltd. ("CTTT"), acquired 500,000 units of CTTT, comprised of 500,000 common
shares (the "Shares") of CTTT and 500,000 common share purchase warrants ("Warrants") at a
deemed price of $0.08 per Unit pursuant to a shares for debt transaction whereby CTTT settled
outstanding indebtedness of $40,000 owed to Hill (the "Debt Settlement").
Immediately prior to the Debt Settlement, Hill held 10,389,941 Shares and 1,250,000 incentive
stock options exercisable into Common Shares (the "Options") and 2,000,000 Warrants,
representing approximately 8.3% of the then-issued and outstanding Shares on a non-diluted
basis.
Following completion of the Debt Settlement, Hill holds 10,889,941 Shares (including 500,000
Shares acquired hereunder and forming part of the Units) and 500,000 Warrants acquired
hereunder and forming part of the Units), representing approximately 7.1% of the current issued
and outstanding Shares on a non-diluted basis. Upon exercise of the Options and Warrants, Hill
would hold 14,139,941 Shares on a fully diluted basis.
As a result of the Debt Settlement, the securityholding percentage of Hill decreased by
approximately 1.2% in respect of the Shares on a non-diluted basis and increased by
approximately 1.9% on a diluted basis.
Hill acquired the Units for investment purposes. Hill 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 Hill's security holdings 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 the
Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available
for viewing at www.sedarplus.ca.
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