15:23:09 EDT Tue 29 Sep 2026
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Vsblty Groupe Technologies Corp (2)
Symbol VSBY
Shares Issued 113,350,343
Close 2026-05-05 C$ 0.125
Market Cap C$ 14,168,793
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Vsblty corrects comparative figures in 2025 financials

2026-09-29 14:06 ET - News Release

Subject: VSBLTY: NR Word Document

File: '\\swfile\EmailIn\20260929 103105 Attachment 2026-09-29_VSBY_NR_Correction-Comparative-Figures_Final.docx'

LEGAL_50548533.3

VSBLTY Groupe Technologies Corp.

NEWS RELEASE

CSE: VSBY | OTCQB: VSGBF | FSE: 5VS

Correction of Comparative Figures in Annual Financial Statements

Vancouver, BC - September 29, 2026 - VSBLTY Groupe Technologies Corp. (CSE: VSBY) (the "Company") announces that the Company has identified a classification error in the comparative figures for the year ended December 31, 2025 and will correct the error in its December 31, 2026 annual financial statements in accordance with IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors.

Nature of the Correction

During the preparation of the Company's annual financial statements for the year ended December 31, 2025, certain operating expense amounts within Note 19 - Expenses by Nature were classified on incorrect line items. Specifically, within the summary of research and development expenses:

amounts that should have been reported as salaries and wages were inadvertently reported as contract development expenses;

amounts that should have been reported as contract development expenses were inadvertently reported as consulting fees; and

amounts that should have been reported as consulting fees were inadvertently reported as salaries and wages.

The error was confined to the sub-classification of expense line items within Note 19. There was no difference in total research and development expenses as reported. The corrected breakdown of research and development expenses is presented in the table below.

Year ended December 31, 2025

Year ended December 31, 2024

Research and development expenses:

Contract development and materials expense

88,814

91,078

Consulting fees

783,532

489,985

Salaries and wages

570,000

622,500

Total research and development expenses

1,442,346

1,203,563

Impact of the Error

The classification error affected only the presentation of individual expense sub-categories within Note 19 - Expenses by Nature for the year ended December 31, 2025. The error:

had no impact on the Company's Statement of Comprehensive Loss;

had no impact on total operating expenses, net loss, loss per share, or financial position;

did not affect any figures in the income statement in aggregate; and

affected only the allocation between individual line items within Note 19.

Audit Committee Assessment

The Company's Audit Committee has reviewed the matter and concluded that the error was immaterial to the financial statements taken as a whole. Notwithstanding that conclusion, the comparative figures will be restated in the Company's audited annual financial statements for the year ended December 31, 2026, in accordance with IAS 8, to ensure the accuracy and comparability of the Company's financial reporting.

Reason for the Correction

The error occurred during the preparation of the financial statements when figures were placed on incorrect lines within Note 19. The error was identified through the Company's ongoing engagement with the British Columbia Securities Commission in connection with the Company's application for full revocation of the cease trade order issued on May 5, 2026.

Restatement

The restated comparative figures will be presented in the Company's audited annual financial statements for the year ended December 31, 2026, which will be filed on SEDAR+ in due course.

This news release is being issued in accordance with section 11.5 of National Instrument 51-102 - Continuous Disclosure Obligations.

About VSBLTY Groupe Technologies Corp.

VSBLTY Groupe Technologies Corp. (CSE: VSBY) is a leading software provider of security and retail analytics technology. Leveraging its proprietary computer vision and machine learning platform, VSBLTY delivers real-time AI-driven security solutions and audience measurement analytics for defence, infrastructure, retail, and smart city applications worldwide. For more information, visit www.vsblty.net.

For further information, contact:

VSBLTY Groupe Technologies Corp.

Jay Hutton, CEO

Email: jhutton@vsblty.net

Telephone: (212) 652-2208

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing of restated comparative financial information and the Company's pursuit of the revocation of the cease trade order. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "anticipates", "intends", "believes" or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation: the Company's limited operating history; the Company's history of operating losses; the Company's need for additional financing; the Company's limited cash resources; the impact of the current cease trade order on the Company's ability to access capital markets; the Company's ability to achieve profitable operations; general business, economic, competitive, political and social uncertainties; and other risks described in the Company's public disclosure documents filed on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

PDF Document

File: Attachment 2026-09-29_VSBY_NR_Correction-Comparative-Figures_Final.pdf

VSBLTY Groupe Technologies Corp. NEWS RELEASE

CSE: VSBY | OTCQB: VSGBF | FSE: 5VS

Correction of Comparative Figures in Annual Financial Statements

Vancouver, BC -- September 29, 2026 -- VSBLTY Groupe Technologies Corp. (CSE: VSBY) (the "Company") announces that the Company has identified a classification error in the comparative figures for the year ended December 31, 2025 and will correct the error in its December 31, 2026 annual financial statements in accordance with IAS 8 -- Accounting Policies, Changes in Accounting Estimates and Errors.

Nature of the Correction

During the preparation of the Company's annual financial statements for the year ended December 31, 2025, certain operating expense amounts within Note 19 -- Expenses by Nature were classified on incorrect line items. Specifically, within the summary of research and development expenses:

dot amounts that should have been reported as salaries and wages were inadvertently reported as contract development expenses;

dot amounts that should have been reported as contract development expenses were inadvertently reported as consulting fees; and

dot amounts that should have been reported as consulting fees were inadvertently reported as salaries and wages.

The error was confined to the sub-classification of expense line items within Note 19. There was no difference in total research and development expenses as reported. The corrected breakdown of research and development expenses is presented in the table below.

Year ended Year ended December 31, December 31, 2025 2024

Research and development expenses: 88,814 91,078

Contract development and materials 783,532 489,985 expense 570,000 622,500 Consulting fees Salaries and wages

LEGAL_50548533.3 Total research and development expenses 1,442,346 1,203,563

Impact of the Error The classification error affected only the presentation of individual expense sub-categories within Note 19 -- Expenses by Nature for the year ended December 31, 2025. The error:

dot had no impact on the Company's Statement of Comprehensive Loss; dot had no impact on total operating expenses, net loss, loss per share, or financial position; dot did not affect any figures in the income statement in aggregate; and dot affected only the allocation between individual line items within Note 19. Audit Committee Assessment The Company's Audit Committee has reviewed the matter and concluded that the error was immaterial to the financial statements taken as a whole. Notwithstanding that conclusion, the comparative figures will be restated in the Company's audited annual financial statements for the year ended December 31, 2026, in accordance with IAS 8, to ensure the accuracy and comparability of the Company's financial reporting. Reason for the Correction The error occurred during the preparation of the financial statements when figures were placed on incorrect lines within Note 19. The error was identified through the Company's ongoing engagement with the British Columbia Securities Commission in connection with the Company's application for full revocation of the cease trade order issued on May 5, 2026. Restatement The restated comparative figures will be presented in the Company's audited annual financial statements for the year ended December 31, 2026, which will be filed on SEDAR+ in due course. This news release is being issued in accordance with section 11.5 of National Instrument 51-102 -- Continuous Disclosure Obligations. About VSBLTY Groupe Technologies Corp. VSBLTY Groupe Technologies Corp. (CSE: VSBY) is a leading software provider of security and retail analytics technology. Leveraging its proprietary computer vision and machine learning platform, VSBLTY delivers real-time AI-driven security solutions and audience measurement analytics for defence, infrastructure, retail, and smart city applications worldwide. For more information, visit www.vsblty.net.

LEGAL_50548533.3 For further information, contact: VSBLTY Groupe Technologies Corp. Jay Hutton, CEO Email: jhutton@vsblty.net Telephone: (212) 652-2208

Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities legislation. Forward- looking information includes, but is not limited to, statements with respect to the filing of restated comparative financial information and the Company's pursuit of the revocation of the cease trade order. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "anticipates", "intends", "believes" or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation: the Company's limited operating history; the Company's history of operating losses; the Company's need for additional financing; the Company's limited cash resources; the impact of the current cease trade order on the Company's ability to access capital markets; the Company's ability to achieve profitable operations; general business, economic, competitive, political and social uncertainties; and other risks described in the Company's public disclosure documents filed on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

LEGAL_50548533.3

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