Mr. Stephen Davis reports

FREQUENCY EXCHANGE CLOSES 1ST TRANCHE OF PRIVATE PLACEMENT

Frequency Exchange Corp. has closed the first tranche of its previously announced non-brokered private placement where by the company has completed the issuance of 3,934,102 units at price of 25 cents per unit for gross proceeds of $983,525.50.

Each unit is comprised of one common share and one common share purchase warrant having an exercise price of 40 cents per warrant and a term of 24 months from the date of issuance. The warrants are subject to an acceleration clause, whereby if the volume-weighted average trading price of the common shares on the TSX Ventures Exchange is at least 70 cents per common share for any period of 10 consecutive trading days, the company may, at its sole option, accelerate the expiry date of warrants to the date that is not less than 21 days following the date upon which notice of the accelerated expiry date is provided by the company by way of news release.

No finders' fees were paid by the company in connection with the first tranche.

All securities issued in connection with the first tranche of the private placement are subject to a statutory hold period expiring Dec. 27, 2025.

The capital will be used to expand the company's team, cover general operating costs, provide a technology up-grade, pay down accrued debt and support marketing initiatives in both the consumer and public markets. The capital will also be used to purchase increased inventory prompted by the greater demand following the expansion of FREmedica patented technology rights to include all general wellness markets for wearables for humans and animals worldwide.

The private placement is subject to TSX Venture Exchange final approval.

About Frequency Exchange Corp.

Based in British Columbia, Canada, Frequency Exchange is publicly traded under the trading symbols TSX Venture Exchange: FREQ; OTC: FRECF. Frequency Exchange acquired FREmedica Technologies Inc. in 2022. FREmedica is now a wholly owned and operating subsidiary of Frequency Exchange Corp. FREmedica's business is focused on the development and global commercialization of Nikki, a wellness technology delivering frequency-enhanced wellness programs. Nikki means "victor of the people," bringing wellness programs to all walks of life. FREmedica began with the development of a specialized Lyme support program designed to help people struggling with Lyme disease. Now FREmedica, through Nikki, delivers wellness programs to assist with issues including sleep, pain, energy, immunity and many more. Nikki delivers wellness programs to restore and improve communication in the network of trillions of cells that make up the human body. Strong cell communication is essential to good health.

Health can be disrupted by physical, mental and emotional trauma. For example, poor sleep can be a symptom of pain, stress and fatigue stemming from poor cell communication. Nikki delivers specific frequencies into the body for the purpose of restoring proper cell function. Categories of wellness programs continue to grow. Nikki Wellness Technology, combined with frequency-based wellness programs, is the result of years of development and experimentation with advanced bioenergetic technology. In third party quality-of-life testing over an eight-week period, Nikki proved to provide an unprecedented level of benefits ranging from better sleep and reduced pain to less anxiety and greater energy, with 90 per cent of the test subjects experiencing improvement in overall wellness.

We seek Safe Harbor.