File: '\\swfile\EmailIn\20261106 103704 Attachment Spectra Products Inc. - News release re termination of LOI(17703087.2).docx'

17703087.2

17703087.2

Spectra Products Inc. Announces Termination of Non-Binding Letter of Intent

For Immediate Release - November 04, 2026

Toronto, Ontario - Spectra Products Inc. ("Spectra" or the "Company") (SSA: TSX VENTURE) announces that it has terminated its previously announced non-binding letter of intent with Flexible Inc. ("Flexible") dated July 29, 2026 regarding a proposed reverse takeover. No definitive agreement for the proposed transaction was entered into between the Company and Flexible.

Spectra remains focused on its business operations and it will continue to evaluate opportunities with Flexible that it believes may advance the interests of the Company and its shareholders.

In accordance with the policies of the TSXV, the Company will request resumption of trading of its common shares.

About the Company

Spectra is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake Safe(TM), Zafety Lug Lock(TM), Hub Alert(TM) as well as the Termin-8R(TM) line of anti-corrosion and extreme pressure lubricants, and Optimum Fleet Health, a revolutionary AI predictive and prescriptive vehicle maintenance software.

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

Company Contact:

Mark Fernandez, Chief Financial Officer

Investor Relations: 1-800-308-5255

E-Mail: info@spectrainc.ca Website: www.spectrainc.ca

Advisory

Forward-looking Information: This document contains forward-looking information. This information relates to future events and the Company's future performance. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and the words "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "propose", "predict", "potential", "continue", "aim", or the negative of these terms or other comparable terminology are generally intended to identify forward-looking information. Such information represents the Company's internal projections, estimates, expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. This information involves known or unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Spectra believes that the expectations reflected in this forward-looking information are reasonable; however, undue reliance should not be placed on this forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. This press release contains forward-looking information concerning, among other things, the Company's focus on its operations and its plans to continue to evaluate opportunities with Flexible, and resumption of trading of its common shares. The reader is cautioned that such information, although considered reasonable by the Company, may prove to be incorrect. A number of risks and other factors could cause actual results to differ materially from those expressed in the forward-looking information contained in this document including, but not limited to, the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources, the Company does not pursue another opportunity with Flexible and the Company's common shares do not resume trading on the TSXV. Readers are cautioned that the foregoing list of factors is not exhaustive. Although the forward-looking statements contained in this document are based upon assumptions which management of Spectra believes to be reasonable, Spectra cannot assure investors that actual results will be consistent with these forward-looking statements.

These forward-looking statements are made as of the date of this document and Spectra disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.