Mr. Stephen Kukucha reports

ENCORE TECHNOLOGIES CORP. COMPLETES INITIAL PUBLIC OFFERING

Encore Technologies Corp. has completed its initial public offering, which closed today and involved the issuance of 5.75 million common shares at 15 cents per share for gross proceeds of $862,500, including the full exercise of the agent's overallotment option for an additional 750,000 shares.

The offering was led by Leede Financial Inc., acting as agent and sole bookrunner on a commercially reasonable effort basis, pursuant to an agency agreement dated Oct. 23, 2025. In connection with its services under the agency agreement, the company issued the agent 402,500 non-transferable share purchase warrants, each exercisable to acquire one share at a price of 20 cents per share until Nov. 27, 2026. The company also paid the agent a cash commission of $60,375 (representing 7.0 per cent of the gross proceeds of the offering, including proceeds from the overallotment option) and a corporate finance fee of $50,000 plus applicable taxes, and reimbursed the agent for certain expenses in accordance with the agency agreement.

The company intends to use the net proceeds from the offering for growth initiatives, corporate development and general working capital purposes, as further described in the company's final long form prospectus dated Oct. 23, 2025, available on SEDAR+.

The shares are listed on the Canadian Securities Exchange and will begin trading on or about Nov. 28, 2025, under the symbol ENCR.

About Encore Technologies Corp.

Encore Technologies builds and invests in technology ventures that advance intelligent infrastructure, energy systems and data optimization. The company's platforms leverage data and automation to improve the efficiency, transparency and sustainability of real-world systems. Encore continues to evaluate opportunities to acquire or develop complementary technologies that align with its vision of a more connected and intelligent built environment.

We seek Safe Harbor.