Mr. Jon Dwyer reports

VERTIQAL STUDIOS ANNOUNCES RESIGNATION OF CEO

Jon Dwyer has resigned from his role as chairman, chief executive officer and director of Vertiqal Studios Corp. to pursue other business opportunities. Mr. Dwyer has agreed to act as an adviser to the board to support business continuity and transition-related assistance ongoing.

The company has appointed Max Desmarais, co-founder and current president of the company, as the interim CEO, effective immediately. Mr. Desmarais will serve in this role while the board conducts a formal search for a permanent chief executive officer. Mr. Desmarais has served as president of the company since 2023, having previously been chief strategy officer. As a pivotal member of the executive since 2021, Mr. Desmarais co-led both the acquisition strategy and rebrand to Vertiqal Studios alongside Mr. Dwyer. Mr. Desmarais is well positioned to ensure continuity of leadership and operations during the transition period.

Mr. Dwyer commented: "Vertiqal Studios is the result of an M&A strategy that began with the acquisition of Gamelancer, and was most recently supported by the acquisition of Enthusiast Gaming's direct media sales business. When I indicated to market in Q3 of last year that our M&A journey was complete, management began a process to better understand what Vertiqal needs most in order to efficiently scale. Alongside Vertiqal's president, Max Desmarais, and our incredibly talented management team, we have achieved a listing on the Toronto Stock Exchange and built a media business capable of significant scale. The next three years are important in developing the true value of the channels, licences and commercial relationships we have built. I think now is the right time for the business to transition to tenured media agency leadership, and there is no better person to lead the business in this transition than Max Desmarais. Max's knowledge and passion for this business equals mine, and he is adored by our team and clients alike. Running Vertiqal Studios has been the greatest honour of my professional career, and I'm excited to hand the reigns to Max. My calling is back in the venture space where I will continue to help founders develop innovative ideas into scaling businesses, remaining an adviser and long-term shareholder of Vertiqal Studios."

"On behalf of the board, we would like to thank Jon Dwyer for his tireless leadership and contributions to the company since the beginning of Vertiqal," said Mr. Desmarais, president. "As the co-founder of the company, and more importantly, a close friend, I am pleased that Jon will continue to support the company as an adviser and therein continue to contribute to the company we helped build together."

The company does not expect the leadership transition to have a material impact on its operations or strategic objectives.

About Vertiqal Studios Corp.

Vertiqal Studios is a scaled digital-channel network and video-production studio that owns North America's largest gaming and lifestyle network. The company helps global brands reach Gen Z and Millennial audiences through data-driven creative, always-on digital campaigns and performance-oriented distribution.

Vertiqal manages 200-plus channels across TikTok, Instagram, YouTube and Snapchat, producing over 100 pieces of content per day for a community of more than 52 million followers. Revenue is generated through a mix of direct brand partnerships, agency relationships, and platform monetization across its owned and operated channels.

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