Mr. Michael Gaffney reports

LEONOVUS ANNOUNCES PLAN FOR A SHORT FORM PROSPECTUS FINANCING AND THE APPOINTMENT OF JASON EWART TO ITS BOARD OF DIRECTORS

Leonovus Inc. has appointed Jason Ewart as an independent director of the company. Mr. Ewart is currently a director and communications lead at The Futr Corp., a director of Denver-based Attorneys Title Guarantee Fund Inc. and Chicago-based Real Time Risk Solutions Inc., and a founding director of Toronto-based Marathon Mortgage Corp. Previously, he served as the co-founder, chief executive officer and chief operating officer of the merchant bank Fountain Asset Corp. (2003 to 2017). Mr. Ewart holds an economics degree from McGill University and is the current chair of the non-profit Northumberland Community Futures Development Corporation.

The company is also please to announce that it has filed a notice of intent to be qualified to file a short form prospectus with all the provinces and territories, except Quebec. Upon filing of the short form prospectus, the company will propose to complete an offering of units of the company upon terms to be determined in the context of the market. Each unit will comprise one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share until the second anniversary of the closing of the offering. Research Capital Corp. is the agent for the offering.

As announced on Jan. 8, 2026, the company has developed a digital precious metals exchange. The exchange is expected to utilize a permissioned blockchain ledger to facilitate the trading and settlement of physical assets. The exchange and its components remain subject to regulatory approvals (as described below). The use of proceeds from the offering will be used to complete the development of the exchange, system testing, receipt of required regulatory approvals and for general working capital.

We seek Safe Harbor.