Mr. Andy Duncan reports

BOARDWALKTECH ANNOUNCES CLOSING OF C$1.5 MILLION NON-BROKERED PRIVATE PLACEMENT

Boardwalktech Software Corp. has closed an additional tranche of its non-brokered private placement of units of the company at a price of 3.5 cents per unit. Under the second tranche, the company issued 31,905,286 units for gross proceeds of $1,116,685, bringing the total gross proceeds of this offering to $1.5-million. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of five cents for a period of two years from the date of issuance.

Certain finders in the second tranche received 8 per cent in cash and 8 per cent in non-transferable finders' warrants exercisable for common shares of the company at five cents per share for two years for an aggregate of 2,001,142 finders' warrants and $66,040 in cash commissions paid in the second tranche.

Insiders of the company participated in both the first and second tranche for an aggregate of 3.08 million units for a total of $118,685. Such participation will constitute a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions), and the company will rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities purchased by insiders, nor the consideration for the securities paid by such insiders will exceed 25 per cent of the issuer's market capitalization.

The company intends to use the net proceeds from the offering in connection with general corporate purposes.

Completion of the offering is subject to the final approval of the TSX Venture Exchange. The units were issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 respecting prospectus exemptions. The securities issued pursuant to the offering are subject to a hold period of four months plus one day from the date of issuance.

The company also announces that it has renewed its engagement with Sophic Capital Inc. as its investor relations partner under a new agreement dated April 19, 2026. Sophic Capital is a comprehensive capital market advisory firm specializing in small-capitalization growth companies.

Pursuant to the agreement between the company and Sophic Capital, Sophic will receive $8,000 per month for a term of 12 months. In addition, Boardwalktech has granted the firm options to purchase up to 700,000 common shares at a price of five cents per share. The options vest quarterly in four equal tranches of 175,000 and expire on the earlier of: (i) 90 days after the termination of the engagement; or (ii) April 19, 2031. The options are governed by the provisions of Boardwalktech's stock option plan and the policies of the TSX Venture Exchange.

About Boardwalktech Software Corp.

Boardwalktech has developed a patented digital ledger and artificial intelligence technology platform used by Fortune 500 companies to power mission-critical enterprise applications. The platform enables multiple parties to work simultaneously on the same data while preserving full data integrity, provenance and auditability. Boardwalktech delivers purpose-built enterprise applications with deep integration into systems of record, significantly faster than traditional software platforms. The company is headquartered in Cupertino, Calif., with offices in India and operations across North America.

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