Mr. Rahim Bhaloo reports

PESORAMA CLOSES $28.4 MILLION BOUGHT DEAL PUBLIC OFFERING WITH EXERCISE OF OVER-ALLOTMENT OPTION

Pesorama Inc. has closed its previously announced bought deal offering pursuant to a press release dated Oct. 5, 2026. A total of 47,276,550 common shares of Pesorama were sold at a price of 60 cents per common share for total gross proceeds of approximately $28.4-million, which included the partial exercise of the overallotment option. The offering was conducted by Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, including Desjardins Capital Markets.

The common shares were qualified for distribution by a prospectus supplement dated Oct. 7, 2026, to the company's short form base shelf prospectus dated Sept. 23, 2026, filed in each of the provinces of Canada other than Quebec. The common shares were also sold in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 and certain jurisdictions outside of Canada and the United States in accordance with applicable securities laws.

The common shares have been conditionally approved for listing on the TSX Venture Exchange.

The company intends to use the net proceeds from the offering to finance its growth initiative, including capital expenditures associated with additional store openings, and for working capital and general corporate purposes, as further described in the prospectus supplement.

The company paid to the underwriters a cash commission equal to 6 per cent of the gross proceeds of the offering (subject to reduction for purchasers on a president's list). In addition, the company issued to the underwriters compensation warrants to acquire common shares equal to 6 per cent of the number of common shares sold under the offering (subject to reduction for purchasers on the president's list). Each compensation warrant is exercisable for one common share until Oct. 14, 2028, at an exercise price equal to 60 cents.

CP LLP is acting as counsel to the company with Dentons Canada LLP acting as counsel for the underwriters in connection with the offering.

About Pesorama Inc.

Pesorama is a Mexican value retailer that currently operates a chain of stores in Mexico under the brand name JOi DOLLAR PLUS. Pesorama's stores offer a broad range of everyday household products, seasonal goods and pet supplies at affordable prices. The company's mission is to become Mexico's premier dollar store chain, targeting expansion to 500-plus locations across Mexico.

We seek Safe Harbor.