An anonymous director reports

HEMPALTA CORP. CLARIFIES DEBT SETTLEMENT DISCLOSURE AND BOARD APPOINTMENTS

Hempalta Corp. has corrected certain information contained in its news release dated Dec. 23, 2025. The company confirms that the aggregate amount of indebtedness settled pursuant to its previously announced shares-for-debt settlement transactions was $240,696.86. The previously disclosed amount of $340,696.86 was stated in error.

Pursuant to the settlement, the company issued 12,034,843 common shares at a deemed price of two cents per share in full and final settlement of such indebtedness. The number of shares issued was correctly disclosed in the prior release. All other information contained in the Dec. 23, 2025, news release remains unchanged.

Board appointments

The company is also pleased to announce the appointment of Chris Ostafie and Anshu Khanna to its board of directors effective Dec. 23, 2025.

Mr. Ostafie is a seasoned executive with extensive experience in retail operations and franchised business models. He has held senior leadership roles within multiunit retail organizations, with expertise spanning operations management, network scaling and performance optimization. Mr. Ostafie brings a strong operational perspective and governance discipline to the board.

Ms. Khanna is the president and chief executive officer of WATCH IT! She brings significant experience in retail leadership, brand management and operations. Ms. Khanna holds a postgraduate diploma in sport and event marketing from George Brown College and a bachelor's degree in economics and sociology from the University of Toronto.

About Hempalta Corp.

Hempalta is a Calgary-based AgTech (agricultural technology) and climate-technology company pioneering nature-based carbon removal solutions through its subsidiary Hemp Carbon Standard (HCS) and its proprietary blockchain-based registry, Trusted Carbon. The company leverages industrial hemp to generate certified, high-integrity carbon credits under ISO 14064-2, enabling corporate partners and farmers to participate in a transparent, data-driven carbon economy.