Mr. Blair Wilson reports

GENESIS ACQUISITION CORP. ANNOUNCES AMENDMENT TO BUSINESS COMBINATION AGREEMENT WITH NUSA NICKEL CORP.

On June 17, 2026, Genesis Acquisition Corp. entered into an amending agreement to extend the outside date for completion of its previously announced business combination agreement with Nusa Nickel Corp. from June 30, 2026, to Aug. 31, 2026, pursuant to which the parties would complete their proposed arm's-length business combination transaction.

The parties continue to work diligently toward the completion of the proposed transaction and, subject to satisfaction or waiver of the conditions precedent referred to in the definitive agreement and receipt of all requisite approvals, the parties anticipate the proposed transaction will be completed in the third quarter of 2026.

About Genesis Acquisition Corp.

Genesis is a CPC (capital pool company) that completed its initial public offering and obtained a listing on the TSX Venture Exchange on or about Nov. 1, 2019 (trading symbol: REBL.P). Prior to entering into the definitive agreement, Genesis did not carry on any active business activity other than reviewing potential transactions that would qualify as Genesis's qualifying transaction.

About Nusa Nickel Corp.

Nusa is North America's only revenue-generating nickel operator and licensed trader operating in Indonesia's world-leading nickel district.

The company's operations focus on the responsible sourcing, production and sale of lateritic nickel material, with a commitment to environmental stewardship and supporting local communities. In addition to the company's production activities, Nusa is a licensed nickel trader, enabling it to source and supply nickel ore from third party producers and expand its market footprint across Indonesia.

We seek Safe Harbor.