File: '\\swfile\EmailIn\20260529 153049 Attachment IVC - Acquisition, NBPP, Name Change - Initial NR.docx'

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27778186.4

Not for dissemination in the United States or for release to US news wire services

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INTERCONNECT VENTURES CORPORATION

c/o Suite 900 - 885 West Georgia Street

Vancouver, British Columbia V6C 3H1

Telephone: (965) 9988 5018

FOR IMMEDIATE RELEASE TSX-V symbol: IVC.H

INTERCONNECT ANNOUNCES MINERAL PROPERTY PURCHASE AGREEMENT, APPLICATION FOR REACTIVATION TO TSXV, NON-BROKERED PRIVATE PLACEMENT AND NAME CHANGE

May 29, 2026 - Vancouver, BC - Interconnect Ventures Corporation (TSX-V:IVC.H) (the "Company") announces that it has entered into a mineral property purchase agreement (the "Purchase Agreement") with Mammoth Geological Ltd. and R. Timothy Henneberry (collectively, the "Vendors"), arm's length parties to the Company, to acquire (the "Acquisition") a 100% legal and beneficial interest, free and clear of any encumbrances, in four (4) mineral claims (the "Property") located approximately 16 kilometers southeast of Sayward, British Columbia on northern Vancouver Island, British Columbia. The four (4) claims comprising the Property total 2,169.94 hectares. As consideration for the acquisition of the Property, the Company shall pay the Vendor the sum of $45,000 in cash within five (5) business days after receipt of final acceptance by the TSX Venture Exchange (the "Exchange").

Reactivation Application

The Company also wishes to announce that it will be submitting an application to the Exchange to reactivate as a Tier 2 Mining Issuer (the "Reactivation"). The common shares of the Company are currently listed and posted for trading on the NEX. If completed, the Reactivation will result in the Company operating within the same industry sector that it has operated in prior to moving to NEX and with the same key principals. As a result, the Reactivation will not constitute a "Change of Business" or "Reverse Takeover", as such terms are defined in the Policies of the Exchange. The Company will be required to satisfy the Exchange's "Continued Listing Requirements" for a Tier 2 Mining Issuer set out in Exchange Policy 2.5, including a requirement that the Company possess an interest in a property from which it expects to earn significant revenues or incur significant expenditures directly related to the exploration and/or development of the Company's assets; and the Company having adequate working capital and financial resources to carry out its business plan or recommended work program.

Upon approval by the Exchange of the Reactivation, the Company's common shares will be delisted from the facilities of the NEX board of the Exchange and listed on the facilities of the Exchange, at which point the Company will be a Tier 2 Mining Issuer.

Private Placement Offering of Units

The Company also announces a concurrent non-brokered private placement offering (the "Offering") of up to 10,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit shall be comprised of one common share and one share purchase warrants (each, a "Warrant"). Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.05 per share for a period of five (5) years from the date of issuance.

Net proceeds from the Offering will be used to satisfy amounts payable under the Purchase Agreement, to pay for expenses associated with the approval of the Acquisition and related transactions and for general working capital purposes. No finder's fees will be paid in connection with the Offering and no insiders are expected to participate in the Offering.

The securities issued pursuant to the Offering will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the date of closing of the Offering.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation, or sale would be unlawful.

Name Change

Concurrent with or prior to the closing the Acquisition, the Company intends to change its name to "Eryxion Resources Corp." (the "Name Change") and its trading symbol which will better reflect the mineral resource exploration sector within which it operates. There will be no share consolidation with the Name Change. The Acquisition, Reactivation, Offering and Name Change are collectively referred to herein as the "Transactions".

43-101 Technical Report

The Company will commission an independent technical report on the Property (the "Technical Report") to be prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). A copy of the final Technical Report will be filed on SEDAR+ upon completion of the Acquisition and acceptance by the Exchange of the Acquisition and related transactions.

Closing of the Transactions will be subject to receipt of all necessary corporate and regulatory approvals, including approval of the Exchange and NEX. There is no assurance that the Transactions will be accepted on the Company's expected timeline or at all.

ON BEHALF OF THE BOARD OF DIRECTORS

"Eyad Al Saleh"

Dr. Eyad Al Saleh

Director, Chairman and Chief Executive Officer

For further information, please contact:

Dr. Eyad Al Saleh

T: 965.6900.6682

E: r.jabbour@interconnect-ventures.com

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include statements about the Acquisition, and any anticipated exploration activities to be conducted on the Property if the Acquisition is approved, the Reactivation, Offering and Name Change. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, the proposed use of proceeds of the Offering. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking statements.

The Exchange has not reviewed and has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

File: Attachment IVC - Acquisition, NBPP, Name Change - Initial NR.pdf

Not for dissemination in the United States or for release to US news wire services

INTERCONNECT VENTURES CORPORATION c/o Suite 900 885 West Georgia Street Vancouver, British Columbia V6C 3H1 Telephone: (965) 9988 5018

FOR IMMEDIATE RELEASE TSX-V symbol: IVC.H

INTERCONNECT ANNOUNCES MINERAL PROPERTY PURCHASE AGREEMENT, APPLICATION FOR REACTIVATION TO TSXV, NON-BROKERED PRIVATE PLACEMENT AND NAME CHANGE

May 29, 2026 - Vancouver, BC Interconnect Ventures Corporation (TSX-V:IVC.H) (the "Company") announces that it has entered into a mineral property purchase agreement (the "Purchase Agreement") with Mammoth Geological Ltd. and R. Timothy Henneberry (collectively, the "Vendors"), arm's length parties to the Company, to acquire (the "Acquisition") a 100% legal and beneficial interest, free and clear of any encumbrances, in four (4) mineral claims (the "Property") located approximately 16 kilometers southeast of Sayward, British Columbia on northern Vancouver Island, British Columbia. The four (4) claims comprising the Property total 2,169.94 hectares. As consideration for the acquisition of the Property, the Company shall pay the Vendor the sum of $45,000 in cash within five (5) business days after receipt of final acceptance by the TSX Venture Exchange (the "Exchange").

Reactivation Application

The Company also wishes to announce that it will be submitting an application to the Exchange to reactivate as a Tier 2 Mining Issuer (the "Reactivation"). The common shares of the Company are currently listed and posted for trading on the NEX. If completed, the Reactivation will result in the Company operating within the same industry sector that it has operated in prior to moving to NEX and with the same key principals. As a result, the Reactivation will not constitute a "Change of Business" or "Reverse Takeover", as such terms are defined in the Policies of the Exchange. The Company will be required to satisfy the Exchange's "Continued Listing Requirements" for a Tier 2 Mining Issuer set out in Exchange Policy 2.5, including a requirement that the Company possess an interest in a property from which it expects to earn significant revenues or incur significant expenditures directly related to the exploration and/or development of the Company's assets; and the Company having adequate working capital and financial resources to carry out its business plan or recommended work program.

Upon approval by the Exchange of the Reactivation, the Company's common shares will be delisted from the facilities of the NEX board of the Exchange and listed on the facilities of the Exchange, at which point the Company will be a Tier 2 Mining Issuer.

Private Placement Offering of Units

The Company also announces a concurrent non-brokered private placement offering (the "Offering") of up to 10,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit shall be comprised of one common share and one share purchase warrants (each, a "Warrant"). Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.05 per share for a period of five (5) years from the date of issuance.

Net proceeds from the Offering will be used to satisfy amounts payable under the Purchase Agreement, to pay for expenses associated with the approval of the Acquisition and related transactions and for general

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working capital purposes. No finder's fees will be paid in connection with the Offering and no insiders are expected to participate in the Offering.

The securities issued pursuant to the Offering will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the date of closing of the Offering.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation, or sale would be unlawful.

Name Change

Concurrent with or prior to the closing the Acquisition, the Company intends to change its name to "Eryxion Resources Corp." (the "Name Change") and its trading symbol which will better reflect the mineral resource exploration sector within which it operates. There will be no share consolidation with the Name Change. The Acquisition, Reactivation, Offering and Name Change are collectively referred to herein as the "Transactions".

43-101 Technical Report

The Company will commission an independent technical report on the Property (the "Technical Report") to be prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). A copy of the final Technical Report will be filed on SEDAR+ upon completion of the Acquisition and acceptance by the Exchange of the Acquisition and related transactions.

Closing of the Transactions will be subject to receipt of all necessary corporate and regulatory approvals, including approval of the Exchange and NEX. There is no assurance that the Transactions will be accepted on the Company's expected timeline or at all.

ON BEHALF OF THE BOARD OF DIRECTORS

"Eyad Al Saleh"

Dr. Eyad Al Saleh Director, Chairman and Chief Executive Officer

For further information, please contact: Dr. Eyad Al Saleh T: 965.6900.6682 E: r.jabbour@interconnect-ventures.com

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include statements about the Acquisition, and any anticipated exploration activities to be conducted on the Property if the Acquisition is approved, the Reactivation, Offering and Name Change. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied,

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including, without limitation, the proposed use of proceeds of the Offering. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking statements. The Exchange has not reviewed and has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

27778186.4