Mr. Stephen Davis reports

FREQUENCY EXCHANGE CLOSES 1ST TRANCHE OF PRIVATE PLACEMENT

Further to its news release dated July 31, 2026, Frequency Exchange Corp. has closed the first tranche of its previously announced non-brokered private placement, where by the company has completed the issuance of 1,708,230 units at price of 25 cents per unit for gross proceeds of $427,057.

Each unit comprises one common share and one-half common share purchase warrant having an exercise price of 40 cents per warrant and a term of 12 months from the date of issuance. The warrants are subject to an acceleration clause, whereby, if the volume-weighted average trading price of the common shares on the TSX Ventures Exchange is at least 70 cents per common share for any period of 10 consecutive trading days, the company may, at its sole option, accelerate the expiry date of warrants to the date that is not less than 21 days following the date upon which notice of the accelerated expiry date is provided by the company by way of news release.

No finders' fees were paid by the company in connection with the first tranche.

All securities issued in connection with the first tranche of the private placement are subject to a statutory hold period expiring Jan. 12, 2027.

Net proceeds are expected to be used to expand sales and marketing, increase inventory, advance technology and platform development, grow the company's team, support international expansion, and for general working capital.

Insider participation of $138,779 in this private placement constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units acquired by the insider nor the consideration for the units paid by such insider exceeds 25 per cent of the company's market capitalization.

The company has extended its closing date for the private placement to Sept. 28, 2026.

The private placement is subject to TSX-V final approval.

About Frequency Exchange Corp.

Frequency Exchange is a technology company building the next generation of wearable digital wellness solutions through its flagship platform, Nikki. Unlike traditional wearable devices that primarily monitor health metrics, Nikki delivers personalized frequency-based wellness programs designed to support sleep, stress, recovery, energy and overall well-being. Originally developed through research supporting individuals living with Lyme disease, Nikki has evolved into a scalable wearable digital wellness platform addressing some of today's largest global health challenges.

We seek Safe Harbor.