Mr. Doug Harris reports

SOL STRATEGIES ANNOUNCES COMPLETION OF DARKLAKE LABS ACQUISITION, BRINGING ZERO-KNOWLEDGE PRIVACY TECHNOLOGY AND TEAM TO ITS SOLANA PLATFORM

Sol Strategies Inc. has closed its acquisition of the assets of Darklake Labs Pte. Ltd., as previously disclosed in the company's April 7, 2026, news release.

Darklake developed Zyga, a zero-knowledge proof system built natively for the solana blockchain that enables private transaction execution while eliminating front-running and sandwich attacks at the point of execution. As of closing, the founders and core team of Darklake have joined Sol Strategies.

The acquisition was completed for a purchase price of $1.2-million (U.S.), comprising $200,000 (U.S.) in cash and 1,047,156 common shares of the company, representing $1-million (U.S.) priced at the five-trading-day volume-weighted average trading price of the common shares on the Canadian Securities Exchange during the period ending on the trading day prior to closing. The consideration shares are subject to a statutory four-month lock-up provision upon issuance.

"Privacy is a core functionality needed to bring global finance on chain and this acquisition continues our mission to support the solana economy as we take a more active role in technology development," said Michael Hubbard, chief executive officer of Sol Strategies. "The Darklake team, led by Vitor, has built technology that we're going to put to work."

About Sol Strategies Inc.

Sol Strategies is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.

We seek Safe Harbor.