Mr. Robert Meister reports

CASTLEBAR CAPITAL CORP. ANNOUNCES TERMINATION OF PROPOSED QUALIFYING TRANSACTION WITH BLOCKGRATION HOLDINGS INC.

The previously announced letter of intent (LOI) dated Dec. 18, 2025, and effective on March 16, 2026, between Castlebar Capital Corp. and Blockgration Holdings Inc., in respect of the proposed transaction that would result in a reverse takeover of Castlebar by the shareholders of Blockgration, has terminated in accordance with the terms of the LOI. The proposed transaction was expected to constitute the qualifying transaction of the company, as such term is defined in TSX Venture Exxchange Policy 2.4, Capital Pool Companies.

The company will continue to evaluate and review alternative acquisition opportunities with a view to completing its qualifying transaction.

Trading in the company's common shares was halted at the request of the company and will resume once the TSX-V has completed its resumption review, if applicable

About Castlebar Capital Corp.

Castlebar is a capital pool company in accordance with exchange Policy 2.4 and its principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

We seek Safe Harbor.