Mr. Mark Binns reports

CARRIER CONNECT DATA SOLUTIONS INC. COMPLETES ACQUISITION OF NETWORK CONNECTIVITY AND DELIVERY ASSETS FROM MOREWAVE COMMUNICATION AND ENGAGES CAPITAL ANALYTICA FOR MARKETING SERVICES

Carrier Connect Data Solutions Inc. has completed its previously announced acquisition of the network connectivity and delivery assets from Morewave Communication Inc., a leading provider of network connectivity solutions and last-mile connectivity services.

In connection with the acquisition, the company, through its wholly owned subsidiary Carrier Connect Systems Ltd., entered into an asset purchase agreement dated April 28, 2026, with Morewave. Pursuant to the terms of the asset purchase agreement, the subsidiary acquired the assets. In consideration for the acquisition, the company issued 560,000 common shares in the capital of the company to Morewave. The consideration shares were escrowed and will be released in four equal tranches at six, 12, 18 and 24 months following May 8, 2026.

The acquisition is an arm's-length transaction. No finders' fees have been paid by either the company or Morewave in connection with the acquisition.

Marketing services

Carrier announces that it has entered into a six-month social media consulting service agreement with Triomphe Holdings Ltd., doing business as Capital Analytica, an arm's-length service provider, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Under the agreement, Capital Analytica will provide social media consulting and related investor awareness services for a total fee of $150,000 payable in two equal instalments over the six-month term. The agreement includes an option to renew for an additional six-month term at a rate of $75,000, unless terminated earlier in accordance with its terms. Capital Analytica has no direct or indirect interest in the company or its securities, and has no current intention or right to acquire any such interest during the engagement, other than the potential grant of stock options in the future.

About Carrier Connect Data Solutions Inc.

Carrier's mission is to roll up Tier 2/3 data centres internationally that specialize in delivering co-location and data centre solutions to artificial intellingence companies, service providers, enterprises and small businesses. Data centres are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives and network equipment. As a carrier-neutral organization, Carrier has systems fully independent and owned outright within its leased space. The current principal markets for the company are Vancouver, Ottawa and Saint John, Canada, and Perth, Australia, where it serves clients which use its facilities either as their primary data centre or as an ancillary site depending on their needs.

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