Mr. Alnesh Mohan reports

TRAIL BLAZER CAPITAL CORP. ANNOUNCES COMPLETION OF JUNO INDUSTRIES INC.'S UPSIZED SUBSCRIPTION RECEIPT FINANCING FOR TOTAL GROSS PROCEEDS OF $12,000,000

Further to Trail Blazer Capital Corp.'s news releases dated March 25, 2026, and April 2, 2026, respectively, Juno Industries Inc. has further upsized and completed its non-brokered concurrent financing of 15 million subscription receipts (the subscription receipts) at a price of 80 cents per subscription receipt for total gross proceeds of $12-million.

Each subscription receipt will, prior to the effective time of the company's acquisition of 100 per cent of the shares of Juno Industries through the amalgamation of Juno Industries with a wholly owned subsidiary of the company, automatically convert into such number of Juno shares that will result in the holder receiving one common share in the capital of Trail Blazer (on a post 6:1 consolidation basis) in connection with the completion of the proposed transaction, for no additional consideration upon the satisfaction of certain escrow release conditions. The total gross proceeds of the concurrent financing are being held in escrow by Endeavor Trust Corp., in its capacity as the subscription receipt agent, and will be released to the company upon the satisfaction of the release conditions. Upon completion of the proposed transaction, the company expects that it will be listed as a Tier 2 industrial, technology and life sciences issuer on the exchange.

The net proceeds from the concurrent financing will be used to support Juno Industries' expansion, for research and development acceleration, for the development and deployment of needs-based solutions for Canadian and allied national security, and for general corporate purposes of the resulting issuer following the completion of the proposed transaction.

In connection with the concurrent financing, Juno Industries has agreed to pay aggregate cash finders' fees of $209,100 and issue 262,180 finders' warrants. Each finder's warrant will be exercisable to acquire one common share in the resulting issuer at a price of 80 cents for a period of 24 months from the completion of the proposed transaction. The cash finders' fees will be paid, and the finders' warrants will be issued, upon completion of the proposed transaction.

Additional information concerning the proposed transaction is included in the company's news releases dated March 25, 2026, and April 2, 2026, respectively.

About Juno Industries Inc.

Juno Industries is a defence technology company with a mission to re-establish Canadian dynamism by building a leading modern defence prime. Juno Industries is focused on developing and deploying advanced autonomous robotic systems, artificial-intelligence-native command and control software, and persistent sensor fabrics to strengthen Canadian and allied national security, sovereignty, and defence capabilities by harnessing Canadian technical talent and innovation. The company has released Polar Nexus, an autonomous platform designed to fortify communications and enhance sensing and intelligence capabilities in the Arctic and harsh environments. Juno Industries is co-founded by former Minister of National Defence Harjit Sajjan and technology entrepreneur Hunter Scharfe.

About Trail Blazer Capital Corp.

The company is designated as a capital pool company under TSX Venture Exchange Policy 2.4. The company has not commenced commercial operations and has no assets other than cash. The company's objective is to identify and evaluate businesses or assets with a view to completing a qualifying transaction. Any proposed qualifying transaction must be approved by the exchange and, in the case of a non-arm's-length qualifying transaction, must also receive majority approval of the minority shareholders. Until the completion of a qualifying transaction, Trail Blazer will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

We seek Safe Harbor.