Mr. Howie Honeyman reports

FORWARD WATER TECHNOLOGIES CORP. ANNOUNCES UPDATE TO PREVIOUSLY DISCLOSED SHARES FOR DEBT SETTLEMENT

Forward Water Technologies Corp. has provided updated terms regarding its previously announced shares for debt transaction.

Further to the company's press release dated May 29, 2026, the company has arranged to settle an aggregate of $9,000.00 of interest. Pursuant to the revised shares for debt settlement, Forward Water proposes to issue 180,000 common shares in the capital of Forward Water at a deemed price of five cents per share to Queen's University at Kingston.

This announcement amends the terms disclosed in the prior release in order to comply with the pricing policies of the TSX Venture Exchange, which required the deemed price to be adjusted to five cents per share. Additionally, the company notes that the creditor for the indebtedness has been updated from GreenCentre to Queen's University at Kingston.

It is proposed that the settlement shares will be issued subject to prospectus exemptions available pursuant to Canadian securities law and will be subject to a hold period which will expire on the date that is four months and one day following the date of issuance. The issuance of the settlement shares remains subject to the approval of the TSX Venture Exchange..

About Forward Water Technologies Corp.

Forward Water Technologies is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for reuse or surface release. The company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture, and ultimately municipal water supply and reuse market sectors. In addition, the company has initiated early stage R&D (research and development) for the treatment of food and beverage process streams.

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