Mr. Brendon McCutcheon reports

UPDATE OF TERMS OF REPAYABLE LOANS

Can-Gow Capital Inc. received loans from a shareholder of $20,000 in 2022 and $30,000 in 2023 (the $50,000 total being hereafter called the principal). No repayment terms were settled with the shareholder at the time the loans were made. The company has now entered into an agreement with the shareholder dated Aug. 31, 2026 providing that:

• The principal and such of it as remains unpaid from time to time will bear simple interest at a rate of 7.0 per cent per annum, calculated from Jan. 1, 2024.
• Neither the principal nor the accrued interest will be payable until after Jan. 31, 2028, or 30 days after the TSX Venture Exchange accepts for filing a qualifying transaction by the company -- whichever last occurs.

On various dates in 2024, 2025 and 2026, four of the company's directors lent moneys to the company -- or paid company expenses -- totalling $151,002.27 (the said total being hereinafter called the principal). When the moneys were lent or advanced, there was no agreement as to terms. The directors and the company have signed an agreement dated Aug. 31, 2026, which provides:

• The various amounts of the principal will bear simple interest of 4.0 per cent per annum, calculated from Jan. 1, 2027.
• Neither the principal nor the accrued interest will be payable until after Jan. 31, 2028, or 30 days after the exchange accepts for filing a qualifying transaction by the company -- whichever last occurs.

None of the above-noted debts are secured against any of the company's present or future assets. No shares or other securities of the company will be issued to the lenders.

The exchange earlier suspended trading of the company's shares. The company has initiated an application to the exchange to have trading of the company's shares reinstated and is working to satisfy the exchange's requirements.