Mr. Steve Fray reports

ABAXX MARKS TWO-YEAR ANNIVERSARY OF ABAXX EXCHANGE LAUNCH

Abaxx Technologies Inc. today commemorated the second anniversary of Abaxx Exchange, providing an update on its commercial momentum and ecosystem expansion since trading commenced on June 28, 2024.

Abaxx Exchange has launched 18 new futures contracts with active trading across 7 markets

• Trading commenced in Abaxx's Gulf of Mexico (GOM FOB) and North Pacific Asia (NPA DAP) liquefied natural gas (LNG) futures on June 28, 2024, which are the only physically backed LNG futures trading globally.
• In battery materials, Nickel Sulphate Singapore (NSS) and Lithium Carbonate Singapore, Rotterdam and Baltimore (LCS, LCR and LCB) futures are the only United States dollar denominated, physically deliverable benchmarks outside China for nickel sulphate and lithium carbonate.
• In precious metals, Gold Singapore (GKS) futures are the only kilobar gold futures deliverable into Singapore, and Silver Singapore (SSP) futures are the first globally accessible, 1,000 ounce silver futures contract for silver of 0.9999 fineness.
• The weather-linked product suite includes the world's first wind and solar futures indexed to installed generation capacity, with contracts listed across key European and U.S. power markets.
• In environmental markets, CORSIA phase 1 (CP1) and Jurisdictional REDD+ (RD1) futures support exchange-traded price discovery for carbon markets tied to aviation compliance and jurisdictional forest carbon programs.

Trading volume has surpassed one million contracts year to date, a 581-per-cent increase over FY 2025

First trades, deliveries and volume records

• First trade milestones include the first carbon futures block trades, involving Mercuria; the first nickel sulphate and lithium carbonate futures block trades, involving Traxys; and the first Germany Onshore Wind (GWM) futures block trade, involving Gunvor.
• First delivery milestones include the first successful delivery under a CORSIA phase 1 (CP1) futures contract, involving Mercuria, which marked the first voluntary carbon market futures contract delivered through FCMs and a regulated clearinghouse; and the first Gold Singapore (GKS) futures position carried through to physical delivery, involving MTS Gold Group, with clearing services provided by StoneX and KGI Securities.
• Abaxx Exchange reached a new weekly trading volume record of 54,740 contracts during the week of March 16 to March 20, 2026, followed by a new single-day trading volume record of 50,277 contracts on May 14, 2026.

Year-to-date trading activity

• As of June 25, 2026, Abaxx Exchange volume has reached 1,096,503 contracts, compared with 160,854 contracts traded in full year 2025, representing an increase of approximately 582 per cent over the prior year. With three trading days remaining in June, total exchange volume reached 317,964 contracts, an 11-per-cent increase over the prior month.
• Average daily volume across all listed products reached 17,665 contracts per day in June, 2026, compared with 638 contracts per day in 2025.
• Daily open interest averaged 1,411 in June, 2026, compared with a daily average of 235 in 2025.
• Combined volume across Abaxx's physically deliverable LNG futures reached 180,742 contracts year to date, compared with 41,617 contracts traded in 2025, representing an increase of approximately 334 per cent.
• Gold Singapore (GKS) futures volume reached 781,352 contracts year to date, compared with 118,252 contracts traded in 2025, representing an increase of approximately 561 per cent.
• Combined volume across CORSIA phase 1 (CP1) and Jurisdictional REDD+ (RD1) futures reached 23,245 contracts year to date, compared with 935 contracts traded in 2025.
• Lithium Carbonate Singapore (LCS) futures volume reached 19,401 contracts year to date, compared with 40 contracts traded in 2025.
• Silver Singapore (SSP) futures volume reached 91,763 contracts from its May 22, 2026, launch through June 25, 2026, including 25,550 contracts traded on June 25, 2026, the contract's highest-volume trading day to date.

Continues to gain recognition from regulators as a global exchange

• In November, 2025, the U.S. Commodity Futures Trading Commission granted Abaxx Exchange registration as a Foreign Board of Trade, enabling direct access for U.S.-based firms.
• In April, 2026, Abaxx Exchange registered as an organized marketplace with the European Union Agency for the Cooperation of Energy Regulators, supporting market participants' ability to meet reporting obligations under the European Union's Regulation on Wholesale Energy Market Integrity and Transparency.

Abaxx Exchange ecosystem of clearing firms, ISVs and brokers continues to grow

• Abaxx Exchange currently has 11 independent software vendors connected, with five more in the pipeline; seven clearing firms connected, with 14 more in the pipeline; and 22 brokers connected, with 10 more in the pipeline.
• The seven futures commission merchants (FCM) currently connected to Abaxx Exchange include four clearing members: StoneX Financial Pte Ltd., KGI Securities (Singapore) Pte. Ltd., ADM Investor Services Singapore Pte. Ltd. and Yongan International Financial (Singapore) Pte. Ltd. Additional indirect clearing services are available through Marex Spectron International Ltd., Mizuho and Straits Financial.
• Abaxx Exchange is connected to front office, trading, back office, market surveillance and data distribution platforms, including Trading Technologies, CQG, Stellar Trading Systems, Trayport, ZEMA Global, TradingView, ipushpull and LSEG.

About Abaxx Technologies Inc.

Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an artificial-intelligence-augmented economy.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared, physically deliverable futures contracts in LNG, carbon, battery materials and precious metals, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically backed gold pool in Singapore. As a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers and is designed to support physical delivery for Abaxx Exchange's physically deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.

Abaxx Labs is the company's center for engaging with the developer community to create the next generation of technology that will build smarter markets through open-source software tools that promote the use of Abaxx's ID++ technologies.

We seek Safe Harbor.