Mr. Ian Paterson reports

PLURILOCK ANNOUNCES $2.5 MILLION NON-BROKERED PRIVATE PLACEMENT

Plurilock Security Inc. has arranged a non-brokered private placement of up to 25 million special warrants at a price of 10 cents per special warrant to raise aggregate gross proceeds of up to $2.5-million.

Each special warrant will automatically convert, for no additional consideration, into one common share of the company on the date that is the earlier of: (i) the date that is three business days following the date on which the company files a prospectus supplement to a short-form base shelf prospectus with the securities commissions qualifying distribution of the shares issuable upon the conversion of the special warrants; and (ii) the date that is four months and one day after the closing of the offering.

The company will use its commercially reasonable efforts to file the prospectus supplement within 60 days of the closing of the offering (not including the date of closing), provided, however, that there is no assurance that a prospectus supplement will be filed with the securities commissions, prior to the expiry of the statutory four-month hold period.

The company may pay finders' fees of 8.0 per cent in cash and issue such number of finder warrants as is equal to 8.0 per cent of the number of special warrants sold under the offering. Each finder warrant will be exercisable for one share of the company at the price of 10 cents for a period of 18 months.

The company intends to use the net proceeds from the offering to advance its critical services capabilities in defence and commercial markets, to continue development of the company's AI-native (artificial intelligence) cyber resilience platform, and for general working capital.

The offering is subject to customary closing conditions, including approval by the TSX Venture Exchange.

The special warrants are expected to be issued pursuant to exemptions from the prospectus requirements under Canadian securities laws, such as the accredited investor, $150,000 minimum investment or other relevant exemptions under National Instrument 45-106, Prospectus Exemptions. Prior to the filing of the prospectus supplement and the automatic conversion of the special warrants, the securities issued under the offering will be subject to a four-month hold period from the date of closing of the offering in addition to any other restrictions under applicable law.

It is anticipated that insiders of the company may participate in the offering, and such special warrants issued to insiders may be subject to a four-month hold period pursuant to applicable policies of the TSX-V. The issuance of special warrants to insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the company's market capitalization.

About Plurilock Security Inc.

Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure is not an option. Trusted by Five-Eyes governments, NATO-aligned (North Atlantic Treaty Organization) agencies and Global 2000 enterprises, the company defends critical infrastructure and safeguards the systems that power modern life. Plurilock's critical services division delivers operational resilience through unmatched expertise, proprietary IP (intellectual property) and AI-driven playbooks.

We seek Safe Harbor.