Mr. Sameet Kanade reports

STEEP HILL ANNOUNCES CONSOLIDATION AND NAME CHANGE

Further to the press releases of Nov. 13, 2025, and Dec. 19, 2025, and in connection with a continuing transaction with Good Purpose Investments Inc., Steep Hill Inc. has filed articles of amendment, to be effective May 12, 2026, to change its name to Good Purpose Investments Inc. and consolidate its issued and outstanding common shares on the basis of six preconsolidation common shares for one postconsolidation common share. The name change and consolidation were approved by shareholders of the company at its special meeting held on March 26, 2026. A new Cusip number has been obtained for the common shares, which replaces the previous Cusip number.

Following the consolidation, the company will have approximately 2,914,864 common shares outstanding. No fractional common shares will be issued pursuant to the consolidation, and any fractional shares that would have otherwise been issued have been rounded down to the nearest whole common share. The change in the number of issued and outstanding common shares resulting from the consolidation will not materially affect any shareholder's percentage ownership in the company although such ownership will be represented by a smaller number of common shares.

Letters of transmittal with respect to the name change and consolidation are being mailed out to the company's registered shareholders. All registered shareholders will be required to send their share certificates, along with a properly executed letter of transmittal, to the company's registrar and transfer agent, Endeavor Trust Corp., in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their common shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their common shares in connection with the name change and consolidation. A copy of the letter of transmittal will be posted on the company's issuer profile on SEDAR+.

About Steep Hill Inc.

Steep Hill is a publicly traded company listed on the Canadian Securities Exchange that has no current operations, and is focused on seeking and evaluating potential transactions.

We seek Safe Harbor.