Mr. Stavro Stathonikos reports

NEXLIVING COMMUNITIES ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The TSX Venture Exchange has provided conditional acceptance of Nexliving Communities Inc.'s normal course issuer bid (NCIB), subject to the company meeting all of the requirements of the exchange.

Under the terms of the NCIB, the company may purchase up to 1.5 million common shares in total, being approximately 9.7 per cent of the company's public float (as that term is defined in the policies of the exchange) as at May 28, 2026, during the 12-month period commencing June 3, 2026, and ending June 2, 2027. To facilitate the NCIB, the company will enter into an automatic share purchase plan (ASPP) with its designated broker, Raymond James Ltd. The ASPP will allow for purchases of shares under the NCIB at times with the company may otherwise be restricted from purchasing shares due to insider trading rules or corporate blackout periods. Such purchases will be determined by the designated broker in its sole discretion based on parameters established by the company prior to the blackout period in accordance with the rules of the TSX-V, applicable securities laws and the terms of the ASPP. The ASPP has been precleared by the TSX-V concurrently with the NCIB.

The price which the company will pay for any such shares will be the prevailing market price at the time of acquisition. The actual number of shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by management of the company and will be facilitated by Raymond James Ltd. All share purchases under the NCIB will be made on the open market through the facilities of the exchange and/or alternative Canadian trading systems and will be purchased for cancellation. The financing for any purchase pursuant to the NCIB will be financed out of the working capital of the company.

The board of directors believes that, from time to time, the trading price of the common shares does not reflect the value of its business and its future prospects. Accordingly, depending upon future price movements and other factors, the board believes that its common shares are an attractive investment (and an appropriate use of available corporate funds), and that the NCIB is in the best interests of the company and represents an opportunity to enhance value for its shareholders.

To May 31, 2026, Nexliving purchased and cancelled a total of 267,800 shares under the previous normal course issuer bid that expires on June 2, 2026, at an average cost of $2.235 per share.

A copy of the company's notice filed with the exchange may be obtained by any shareholder, without charge, by contacting info@nexliving.ca.

About Nexliving Communities Inc.

Nexliving Communities is a Canadian multifamily real estate company focused on acquiring, operating and growing a portfolio of recently built and refurbished, highly leased residential properties in secondary markets across Canada.

Nexliving is developing a new standard in Canadian multifamily real estate, with a focus on long-term tenants who value proximity to health care, nature trails, parks, public transportation and convenient services and who hold modern, condo-style expectations of their homes and communities. The company's portfolio consists of Class A, low-rise and mid-rise buildings featuring modern and high-end finishes, elevators, heated underground parking, and a range of amenities designed to support a hassle-free, maintenance-free lifestyle. Nexliving aims to deliver exceptional living experiences to its residents and provide comfortable, affordable housing solutions that cater to a wide range of demographics. The company currently owns 2,058 units in New Brunswick, Quebec, Ontario and Manitoba and has 108 units under construction in Ottawa.

Nexliving is executing a disciplined and accretive growth strategy acquiring high-quality assets with strong day-one cash flow, optimizing operations and recycling capital into higher-yielding opportunities. The company continues to evaluate both acquisition targets and non-core asset dispositions as part of its continuing portfolio optimization strategy, with a scalable growth pipeline extending well beyond 2026.

We seek Safe Harbor.