Mr. Michael Overvelde reports

CROWN CAPITAL ANNOUNCES ANTICIPATED DELAY IN ANNUAL FILINGS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

As a result of delays to Crown Capital Partners Inc.'s audit, the company's audited annual financial statements, the related management's discussion and analysis, the related officer certifications, and the annual information form for the 15-month period ended March 31, 2026, are not expected to be finalized by June 29, 2026, being the date that such filings are due under National Instrument 51-102 (Continuous Disclosure Obligations). The corporation currently estimates that the annual financial filings will be filed on or about Aug. 31, 2026.

Reason for the delay

The expected delay is due to the late appointment of an independent auditor to succeed KPMG LLP, which resigned as auditor of Crown at the request of the corporation, effective Oct. 14, 2025. Effective June 16, 2026, a successor auditor has been engaged to perform an audit of Crown's consolidated financial statements for the 15-month period ended March 31, 2026. The corporation and its independent auditor are working diligently and co-operatively to complete the audit as rapidly as possible.

Application for a management cease trade order

In light of the anticipated delay, the corporation has applied to its principal regulator, the Alberta Securities Commission, for a management cease trade order under National Policy 12-203 (Management Cease Trade Orders). The granting of the MCTO is at the discretion of the ASC, and there can be no guarantee or assurance that the MCTO will be granted.

If granted, the MCTO will restrict trading in the corporation's securities by the chief executive officer and the chief financial officer of the company. The issuance of an MCTO will generally not affect the ability of the general public to trade the securities of the corporation on the Toronto Stock Exchange.

If the application is denied, the corporation's failure to file the annual financial filings by the filing deadline could result in the issuance of a general public cease trade order by the ASC, which would halt all trading of the corporation's securities.

Alternative information guidelines

The corporation confirms that it intends to satisfy the provisions of the alternative information guidelines set out in Section 10 of NP 12-203. This includes issuing biweekly status update news releases every 14 days following the default until the annual financial filings are filed.

We seek Safe Harbor.