File: Attachment Press Release - 08-24-2026 Maple Leaf Announces Borad Changes and reconstitution of Audit Committee..pdf

FOR IMMEDIATE RELEASE

MAPLE LEAF GREEN WORLD INC.

CSE: MGW | OTC: MGWFF

Maple Leaf Green World Inc. Announces Board Changes and Reconstitution of Audit Committee

Calgary, Alberta August 24, 2026 Maple Leaf Green World Inc. (CSE: MGW | OTC: MGWFF) (the "Company" or "Maple Leaf") announces changes to its Board of Directors (the "Board") and the reconstitution of its audit committee (the "Audit Committee") as part of its ongoing continuous disclosure remediation and application for revocation of the failure-to-file cease trade order (the "FFCTO").

Board Changes and Director Appointment

Mr. Louis Kin Man Sing has tendered his resignation as a director of the Company, effective immediately, to facilitate the reconstitution of the Board and the Audit Committee.

Effective immediately, the Board has appointed Mr. Pat Gramlich as an independent director to fill the vacancy created by Mr. Sing's resignation pursuant to the Business Corporations Act (Alberta). Mr. Gramlich will hold office until the close of the Company's next Annual General Meeting of shareholders ("AGM"), at which time he will stand for election by shareholders.

Mr. Gramlich brings over 25 years of senior executive management and commercial operating experience, with extensive oversight in financial reporting, corporate budgeting, and operational governance.

Reconstitution of Audit Committee and Form 52-110F2 Disclosure

Following the appointment of Mr. Gramlich, the Board has reconstituted the Audit Committee, which is now comprised of:

dot Mr. Thomas West (Chair) Independent Director

dot Mr. Pat Gramlich Independent Director

dot Mr. Herman Xiwen Luo Chief Financial Officer and Director

The Board has determined that a majority of the Audit Committee members (Mr. West and Mr. Gramlich) are "independent" and not executive officers, employees, or control persons of the Company or an affiliate, satisfying the composition requirements of section 6.1.1 of National Instrument 52-110 Audit Committees ("NI 52-110") for venture issuers.

The Board has also determined that all three members of the Audit Committee are "financially literate" within the meaning of NI 52-110. Pursuant to Section 3 of Form 52-110F2, Mr. Gramlich's relevant education and experience includes:

dot Understanding of Accounting Principles: Comprehensive practical knowledge of Canadian International Financial Reporting Standards (IFRS) relevant to development-stage commercial operations.

dot Application to Estimates, Accruals, and Provisions: Over two decades of direct experience evaluating operational budgets, revenue recognition, contract terms, asset impairments, and expense accruals.

dot Financial Statement Analysis: Proven experience analyzing and assessing the breadth and complexity of financial statements comparable to those of the Company.

dot Internal Controls: Direct experience designing, implementing, and supervising internal control procedures and operational financial reporting systems. Filing of Amended and Restated Q1 2026 Interim Financial Statements

The Company has re-filed on SEDAR+ its amended and restated Q1 2026 IFS, together with updated Form 52-109F2R certifications. The amended Q1 2026 IFS incorporates a comprehensive Subsequent Events Note (Note 18) in accordance with IAS 10 (Events after the Reporting Period), disclosing material corporate developments occurring subsequent to March 31, 2026, including the board and officer changes, the reconstitution of the Audit Committee, the transition of the Company's registrar and transfer agent to Endeavor Trust Corporation, debt status, and the AGM undertaking.

Update on Cease Trade Order Revocation

The Company continues to work cooperatively with Staff of the Alberta Securities Commission to address all remaining comments in connection with its continuous disclosure review and to secure the revocation of the FFCTO issued on May 6, 2025. The Company has prepared a further revised draft of its amended and restated interim financial statements for the period ended March 31, 2026 (incorporating IAS 10 subsequent event disclosures) and expects to file the restated statements together with updated certifications (Form 52-109F2R) upon regulatory confirmation.

The Company's securities remain subject to the FFCTO and trading remains halted. Revocation of the FFCTO remains subject to the satisfaction of all regulatory requirements and the discretion of the Alberta Securities Commission, and there can be no assurance as to when, or whether, the FFCTO will be revoked.

About Maple Leaf Green World Inc.

Maple Leaf Green World Inc. is a development-stage issuer incorporated under the laws of the Province of Alberta, with common shares listed on the Canadian Securities Exchange (CSE: MGW). Maple Leaf is focused on green and environmentally friendly business initiatives and aims to contribute to a more sustainable future.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding the appointment of directors, the composition of the Audit Committee, subsequent regulatory filings, the holding of the AGM, and the anticipated revocation of the FFCTO. Forward-looking information reflects management's current expectations and is based on assumptions and subject to risks and uncertainties that may cause actual results to differ materially, including the risk that the FFCTO is not revoked or that required regulatory steps are not completed. Except as required by law, the Company undertakes no obligation to update any forward-looking information, whether as a result of new information, future events or otherwise.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the matters described in this release.

For further information, please contact:

Raymond Lai President, Chief Executive Officer and Chairman Maple Leaf Green World Inc. Email: rlai@mlgreenworld.com