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IMPACT DEVELOPMENT GROUP ANNOUNCES ANNUAL GENERAL MEETING RESULTS AND APPOINTMENT OF KEENAN GENTRY TO THE BOARD OF DIRECTORS

Impact Development Group Inc. has released the results of its annual general meeting of shareholders held in person at the offices of Cozen O'Connor LLP on Friday, Nov. 14, 2025.

At the meeting, a total of 13,325,931 common shares of the company were voted, representing 77.70 per cent of the outstanding shares. Shareholders voted in favour of each of the matters considered at the meeting, including setting the number of directors of the company at five, the reapproval of the company's omnibus equity incentive plan and the appointment of Horizon Assurance LLP as the company's auditor for the ensuing year.

All of the following director nominees listed in the company's management information circular dated Sept. 30, 2025, were elected as directors of the company to hold office for the ensuing year, by a majority of the votes cast by shareholders present or represented by proxy at the meeting: Thomas Wenz, Sophie Galper-Komet, Joshua Lebovic, Oscar Hilt Tatum and Keenan Gentry.

Impact Development is pleased to announce the appointment of Keenan Gentry as a director of the company, effective Nov. 14, 2025. Mr. Gentry brings more than a decade of experience in capital markets, corporate development and investment analysis. He currently serves as vice-president, investments, at Dale Ventures Canada Inc., a global strategic investment and venture capital firm. Previously, Mr. Gentry advised early-stage businesses as a co-founder of Jaeger Strategic Advisors, following several years in traditional corporate development and investment analyst roles. He holds a bachelor of science in finance from Niagara University and is a CFA charterholder.

"We are delighted to welcome Keenan to the board of directors as we scale the business and pursue new opportunities," said Tom Wenz, chief executive officer of Impact Development. "His track record in strategic investing and business building will be invaluable as we continue to strengthen our organization and accelerate our growth trajectory."

About Impact Development Group Inc.

Impact is a Panamanian-based real estate developer that provides affordable housing solutions to Panama's growing middle class supported by a long-standing subsidized government program. The vision of Impact Development is effectuated by a vertically integrated model which co-ordinates all services necessary to develop high-quality residential and commercial buildings, including land acquisition, financing, architectural, engineering, off-site manufacturing, general contracting, property management and administration.

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