Mr. Steven Glaser reports

POOL SAFE INC. ANNOUNCES REPAYMENT OF CREDIT FACILITY WITH INTREXA LTD.

Pool Safe Inc. has repaid in full all obligations owing under its senior secured revolving credit facility with Intrexa Ltd., using a portion of the net proceeds from the company's recently completed concurrent non-brokered private placements of common shares and senior secured convertible debentures, which raised aggregate gross proceeds of approximately $3.02-million, as announced on May 4, 2026.

Background on the credit facility

The credit facility was originally established pursuant to a credit agreement between the company and Intrexa dated April 2, 2019 (as subsequently amended on Dec. 17, 2020, May 13, 2022, June 17, 2022, Nov. 30, 2022, and on or about May 31, 2025). Under the credit agreement, the credit facility provided for revolving advances of up to $3.5-million, bore interest at a rate of 10 per cent per annum and had a maturity date of May 31, 2028, on which date all outstanding principal, together with all accrued and unpaid interest and other obligations, was repayable by the company in a single balloon payment. The credit facility was secured by a first-ranking general security agreement over all of the company's present and after-acquired personal property.

The company repaid the outstanding principal and all accrued interest balance of $1,381,713 under the credit facility on May 5, 2026.

About Pool Safe Inc.

Pool Safe designs, develops and distributes a product known as LounGenie, which functions as a multipurpose personal poolside attendant. LounGenie by Pool Safe is designed to provide safety, convenience and peace of mind for hotels, resorts, waterparks and cruise ship guests. Conveniently located alongside pool or beach lounge chairs, the LounGenie is a unique way of providing vacationers with a comforting sense of security for their belongings while offering the vendor opportunities to increase food and beverage sales, expedite customer service, and drive revenue.

Pool Safe is a fully reporting publicly traded company which is listed on the TSX Venture Exchange under the symbol POOL.

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