Mr. Grant Smith reports

POND AND FIND FAMILIAR SPIRITS MUTUALLY TERMINATE LETTER OF INTENT

Pond Technologies Holdings Inc.'s previously announced reverse takeover with Find Familiar Spirits LLC has been mutually terminated, effective April 24, 2026. Through the RTO, the company would have acquired all of the issued and outstanding shares of FFS in exchange for Pond share consideration, resulting in the reverse takeover of the company by FFS shareholders. As a result of the termination, the parties have no further obligations to one another in connection with the letter of intent or the proposed RTO.

Trading in the company's common shares on the TSX Venture Exchange was initially halted from trading in October, 2025, in connection with the proposed RTO. As a result of the termination, trading is expected to resume following the date on which the TSX-V issues a bulletin confirming resumption of trading. The company will provide further updates in due course.

Both Pond and FFS will continue to operate their current businesses, may pursue and evaluate other businesses and strategic opportunities, and will make further announcements with respect to these efforts in due course.

We seek Safe Harbor.