Mr. Raymond O'Neill reports

SPIRIT BLOCKCHAIN CAPITAL ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND BOARD CHANGES

Spirit Blockchain Capital Inc. has released the results of its annual general meeting of shareholders, held on July 10, 2026, and has made changes to its board of directors, effective today.

At the meeting, shareholders approved all matters presented by management, including:

• Setting the number of directors at three;
• The election of Raymond O'Neill, Donald Stewart and John Oppermann as directors of the company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed; and
• The reappointment of SRCO Professional Corp., chartered professional accountants, as the company's auditor, with the directors authorized to fix the auditor's remuneration.

A total of 37,319,514 common shares, representing approximately 19.69 per cent of the company's issued and outstanding common shares, were represented at the meeting by proxy.

Chairman's update

During the meeting, chairman and interim chief executive officer Raymond O'Neill provided shareholders with an update on the company's progress and strategic priorities.

"On behalf of the board of directors, I would like to thank our shareholders for their continued support and confidence in Spirit. The past year has been a period of significant transition for the company, and our priority has been to strengthen governance, complete our financial reporting obligations, improve our balance sheet and establish a strong foundation for future growth.

"Since the leadership transition earlier this year, we have completed our annual audit, filed our first quarter financial results, strengthened the company's financial position through a successful financing, and begun implementing initiatives designed to unlock value from our technology investments and broader digital asset ecosystem.

"As we look ahead, our focus remains on appointing the right long-term chief executive officer while continuing to execute on opportunities that we believe will generate sustainable long-term value for our shareholders."

Board changes

Effective July 16, 2026, Donald Stewart has resigned as a director of the company.

The board of directors extends its sincere appreciation to Mr. Stewart for his service and valuable contributions during an important period of transition for Spirit. His leadership, governance experience and commitment to the company have been greatly appreciated, and the board wishes him continued success in his future endeavours.

The company is also pleased to announce the appointment of Jireh Wong to the board of directors, effective July 16, 2026, as an independent director.

Mr. Wong is a seasoned finance and business executive with more than 25 years of experience in corporate finance, strategic advisory, business development and capital markets. Throughout his career, he has advised entrepreneurs, private companies and financial institutions on growth strategies, financing initiatives and long-term value creation. His experience in finance, governance and strategic development will further strengthen the board as Spirit continues executing its long-term growth strategy.

Following today's board changes, the company's board of directors consists of Mr. O'Neill, Mr. Oppermann and Mr. Wong.

Commenting on the board changes, Mr. O'Neill, chairman and interim chief executive officer, stated: "On behalf of the board, I would like to sincerely thank Don Stewart for his commitment, guidance and contributions to Spirit during a transformational period for the company. Don has played an important role in helping strengthen our governance and position the company for the future, and we wish him every success.

"We are equally pleased to welcome Jireh Wong to the board. Jireh brings extensive experience in finance, strategic advisory and business development, and his perspective will be a valuable addition as we continue executing our strategy and creating long-term value for shareholders."

About Spirit Blockchain Capital Inc.

Spirit Blockchain is a Canadian-based publicly listed company focused on providing shareholders with exposure to the blockchain and digital asset economy. The company holds a diversified portfolio of digital assets and invests in emerging blockchain ventures while developing proprietary yield generation platforms.

We seek Safe Harbor.