Mr. Neil Currie reports

LUKA CAPITAL CORP. CLOSES INITIAL PUBLIC OFFERING LED BY LEEDE FINANCIAL INC. AND LISTS ON THE TSX VENTURE EXCHANGE

Luka Capital Corp. has completed its initial public offering. The company issued an aggregate of five million common shares in its authorized share structure to purchasers in British Columbia and Alberta at a purchase price of 10 cents per common share for gross proceeds to the company of $500,000. Following the closing of the offering, a total of 10.4 million common shares are issued and outstanding, of which 5,637,900 are currently held in escrow pursuant to the policies of the TSX Venture Exchange.

The company is a capital pool company within the meaning of the policies of the exchange. The company has not commenced operations and has no assets other than cash. The net proceeds of the offering, together with the proceeds from prior sales of common shares, will be used by the company to identify and evaluate assets or businesses for acquisition with a view to completing a qualifying transaction under the exchange's capital pool company program. Except as otherwise allowed under the policies of the exchange, the company will not carry on any other business.

Leede Financial Inc. acted as agent for the offering. In connection with the offering and pursuant to the agency agreement dated June 26, 2026, the company granted to Leede, and its selling group, non-transferable warrants to acquire up to an aggregate of 500,000 common shares. The selling group members and the number of agent warrants granted to each were Leede (363,750 agent warrants), Ventum Financial Corp. (91,050 agent warrants), Research Capital Corp. (40,000 agent warrants) and RBC Dominion Securities Inc. (5,200 agent warrants). Each agent warrant is exercisable to acquire one common share at a price of 10 cents per common share for a period of five years from the date of issuance. In connection with the offering, Leede also received a cash commission of $50,000, representing 10 per cent of the aggregate gross proceeds of the offering, and a corporate finance fee in cash of $15,000.

The current directors and officers of the company are Neil Currie (chief executive officer, chief financial officer, corporate secretary and director), Arlen Hansen (director) and Ryan Iverson (director).

The common shares were listed on the exchange on Aug. 25, 2026, and immediately halted pending closing of the offering. The common shares are expected to commence trading on the exchange on Aug. 27, 2026, under the trading symbol LUKA.P. The Cusip/ISIN assigned to the common shares is 54985J104/CA54985J1049.

Mr. Currie (CEO, CFO, corporate secretary and director) and Mr. Hansen (director) subscribed in the offering for 210,500 shares and 27,400 shares, respectively. The participation by the insiders in the offering was a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the shares purchased by the insiders nor the consideration paid exceeds 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the expected closing of the offering as the details of the offering and the participation therein by the insiders were not settled until recently and the company wished to close on an expedited basis for sound business reasons.

For further information, please see the company's prospectus dated June 26, 2026, available under the company's profile on SEDAR+.

We seek Safe Harbor.