Mr. Scott Ackerman reports

TABLAS CLOSES PRIVATE PLACEMENT AND DEBT SETTLEMENT

Tablas Ventures Corp. has closed its previously announced non-brokered private placement and the settlement of certain liabilities for common shares of the company. Pursuant to the financing, the company raised gross proceeds of $101,250 through the issuance of 900,000 common shares of the company at a deemed price of 11.25 cents per share. No finders' fees were payable in connection with the financing.

Pursuant to the debt settlement, the company settled an aggregate of $95,865 (including $55,857.31 due to LP2017 as disclosed below, and $40,008.07 due to an arm's-length service provider for accounting services) in liabilities through the issuance of 852,136 common shares of the company at a deemed price of 11.25 cents per share. The common shares issued under the financing and debt settlement are subject to a hold period expiring on June 6, 2026.

Following the financing and debt settlement, the company has 10,312,734 common shares issued and outstanding.

On July 31, 2025, Oct. 24, 2025, and Oct. 27, 2025, The Emprise Special Opportunities Fund (2017) Limited Partnership (LP2017) of Vancouver, B.C., a controlling shareholder of the company, lent $10,000, $23,000 and $27,000, respectively, to the company for working capital purposes. The unsecured loans bore interest at a rate of 10 per cent per annum and were due on demand. Pursuant to the debt settlement, LP2017 acquired 496,509 common shares upon settlement of the $55,857.31 in principal and interest, retiring the full amount owing. The company has relied on the exemptions from the valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 in respect of such insider participation.

The company did not file a material change report more than 21 days before the expected closing of the debt settlement because the details of the participation therein by related parties of the company were not settled until shortly prior to closing of the debt settlement and the company wished to close on an expedited basis for business reasons.

Early warning disclosure

Immediately prior to the financing and debt settlement, LP2017 owned and controlled 3,675,846 common shares, representing approximately 42.94 per cent of the outstanding common shares. As a result of the common shares issued to LP2017 pursuant to the debt settlement, LP2017 has ownership and control over 4,172,355 common shares of the company, representing 40.46 per cent of the issued and outstanding common shares.

LP2017 acquired the above-noted common shares for investment purposes. LP2017 may, in the future, take such actions in respect of its holdings in the company as it may deem appropriate in light of the circumstances then existing, including the purchase of additional securities of the company through open-market purchases or privately negotiated transactions or the sale of all or a portion of its individual holdings in the open market or in privately negotiated transactions to one or more purchasers, subject in each case to applicable securities law.

To obtain a copy of the early warning report under applicable Canadian provincial securities legislation, please go to the company's profile under SEDAR+.

We seek Safe Harbor.