Mr. Kyle Hall reports

INEO ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to the news releases dated May 4, 2026, and May 28, 2026, the consolidation of Ineo Tech Corp.'s issued and outstanding common shares on the basis of one postconsolidation common share for every 10 preconsolidation common shares will become effective on June 5, 2026.

The company's common shares are expected to begin trading on the TSX Venture Exchange on a postconsolidation basis at the opening of trading on June 5, 2026, under the company's existing trading symbol INEO. The company's name will not change in connection with the consolidation.

The new Cusip number for the company's postconsolidation common shares will be 45674Q409, and the new ISIN will be CA45674Q4097.

The consolidation was approved by the board of directors of the company and accepted by the TSX Venture Exchange. No fractional common shares will be issued as a result of the consolidation. Any fractional share remaining after the consolidation that is less than one-half of a share will be cancelled, and any fractional share that is at least one-half of a share will be rounded up to one whole share.

Registered shareholders holding shares through the direct registration system and beneficial shareholders holding shares through a broker, investment dealer, bank, trust company or other intermediary will generally have their positions adjusted automatically to reflect the consolidation in accordance with the procedures of Odyssey Trust Company or their intermediary, as applicable. Registered shareholders holding physical share certificates will receive a letter of transmittal from the company's transfer agent, Odyssey Trust Company, with instructions for exchanging their existing certificates representing preconsolidation common shares for new certificates or direct registration system advices representing postconsolidation common shares.

The consolidation is being completed in connection with the company's previously announced financing plan, which includes a non-brokered private placement financing, the proposed conversion of certain indebtedness into equity and the extension of the maturity date of the company's existing $1-million principal indebtedness owing to a lender. Completion of the financing, debt conversions and amendment to the promissory note remains subject to customary conditions, including final approval of the TSX Venture Exchange.

About Ineo Tech Corp.

Ineo Tech builds technology at the intersection of in-store retail media and loss prevention. Ineo's patented integration of electronic article surveillance pedestals with digital displays helps retailers reduce theft while generating incremental retail media revenue from the same footprint. Ineo is headquartered in Surrey, B.C., Canada, and is publicly traded on the TSX Venture Exchange (INEO) and the OTCQB (INEOF).

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