Mr. Geoff Balderson reports

DIGITAL ASSET TECHNOLOGIES INC. ANNOUNCES INTENTION TO AMEND AND REFILE FINANCIAL STATEMENTS AND MD&A

In connection with a continuous disclosure review by the B.C. Securities Commission, Digital Asset Technologies Inc. intends to amend and refile certain previously filed financial statements and related management's discussion and analysis.

The company has determined that its previously filed:

• Audited annual financial statements and MD&A for the year ended July 31, 2025; and
• Interim financial statements and MD&A for subsequent periods ...

... contain disclosure and accounting errors relating primarily to:

• The accounting treatment and valuation of the company's acquisition of LiquidLink AI Corp.;
• The accounting for certain share-based debt settlements; and
• Disclosure related to the company's investments in private companies.

As a result, the company advises that the previously filed financial statements and MD&A should not be relied upon.

Nature of revisions

The company expects that the amended and restated filings will include:

• Revisions to the fair value measurement of consideration issued in connection with the LiquidLink acquisition;
• Revisions to the accounting for debt settlements to reflect fair value of shares issued;
• Updated impairment assessments relating to investments and receivables; and
• Removal of promotional or unsupported disclosure, including projected financial performance of investee companies.

Timing

The company is working with its auditor and advisers to complete the amended and restated filings, and will refile the revised documents on SEDAR+ as soon as practicable.

Additional disclosure

The company will also file an amended MD&A that:

• Limits disclosure regarding private investments to factual historical information;
• Discloses impairment assessments and timing of impairments; and
• Reflects updated and corrected disclosure consistent with applicable securities requirements.

Cautionary note

Investors are cautioned not to rely on the company's previously filed financial statements and MD&A until the amended and restated filings have been completed and filed.

About Digital Asset Technologies Inc.

Digital Asset Technologies is a publicly traded investment issuer that identifies and makes equity investments in global companies that are developing and commercializing technology.

We seek Safe Harbor.