An anonymous director reports

HANK PAYMENTS ANNOUNCES CLOSING OF FIRST TRANCHE OF UNIT OFFERING

Hank Payments Corp. has completed a first tranche of its non-brokered private placement of units of the company previously announced on March 6, 2025, for up to $4-million. Under the first tranche of the offering 34,516,650 units were issued at a price of two cents per unit for gross proceeds of $690,333. The company expects to close the balance shortly.

Each unit is priced at two cents per unit and consists of one common share and one-half of one warrant. Each whole warrant is exercisable to acquire one common share at a price of five cents until June 30, 2027, unless the term of the warrant is accelerated pursuant to its terms.

Net proceeds of the offering will be used for general working capital and growth initiatives, including potential acquisitions.

The units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued under the first tranche are subject to a hold period expiring July 26, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering has received conditional approval from the TSX-V.

The purchase of units pursuant to the offering by Alex McDougall and Ashish Kapoor, both officers of the company (collectively, the related parties) constituted a related party transaction as such term is defined by Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company was exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the offering because the company was not listed on a stock exchange specified in Section 5.5(b) of MI 61-101, and neither the fair market value of the units purchased by the related parties, nor the proceeds to be received by the company in respect of the related parties' participation in the offering, exceeded $2.5-million.

A cash finder's fee in the amount of $2,750 was paid in connection with the first tranche.

The company also announces today that it has granted incentive stock options to certain directors, officers, consultants and employees of the company to acquire an aggregate of 12,937,500 common shares in the capital of the company. The options were granted at an exercise price of five cents. The options have a term of five years will vest at a rate of one/48th per month. All options were granted pursuant to the company's omnibus equity incentive plan.

About Hank Payments Corp.

Hank Payments is a North American leader in consumer fintech (financial technology) software-as-a-service (SaaS) and banking-as-a-service (BaaS) platforms that manages consumer cash flow and budgets on an automated basis using proprietary algorithms that collect, store and disburse cash as required to discharge obligations in a timely fashion. The Hank stack provides for several vertical market applications of the technology, with features specific to channels and enterprise accounts that allow those partners to operate new lines of business and revenue streams, using Hank. The partners benefit from new revenue streams and powerful insights that open up additional opportunities for partners to grow assets using Hank. The company operates exclusively across the United States, with certain leadership and technology functions in Toronto. Hank houses the complex technology, banking, treasury, customer service, sales and operations teams that acquire and service consumers. Hank currently charges upfront enrolment/set-up fees and recurring monthly fees based on the types and quantity of payments that Hank Payments administers for the consumer. The company acquires users through various channels including (i) small to medium-sized enterprises (the SME partners) and (ii) large enterprise businesses. The company's BaaS model is emerging which is expected to add additional fees including software licensing and usage fees.

We seek Safe Harbor.