Mr. Antanas Guoga reports

ANTANAS GUOGA ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO SOL STRATEGIES INC.

Antanas Guoga, chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings Inc.), has filed an early warning report regarding the acquisition of 2,300,726 common shares in the capital of the company on Jan. 6, 2026, pursuant to a debt settlement and termination agreement dated Dec. 31, 2025, between the company and Mr. Guoga, which resulted in the change of ownership of more than 2 per cent.

Prior to the completion of the transaction, Mr. Guoga held an aggregate of 3,784,034 common shares, representing approximately 13.49 per cent of the then issued and outstanding common shares on an undiluted basis. Upon completion of the transaction, Mr. Guoga holds an aggregate of 6,084,760 common shares, representing approximately 19.7 per cent of the issued and outstanding common shares on an undiluted basis.

Mr. Guoga may: (i) increase or decrease its position in the company through, among other things, the purchase or sale of securities of the company, including through transactions involving the common shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the company in the open market or otherwise; (ii) enter into transactions that increase or hedge its economic exposure to the common shares without affecting its beneficial ownership of the common shares; or (iii) consider or propose one or more of the actions described in subparagraphs (a) to (k) of Item 5 of Mr. Guoga's early warning report filed in accordance with applicable Canadian securities laws.

For further details relating to the acquisition, please see the report, a copy of which is available under the company's profile on SEDAR+, or may be requested by mail from Mr. Guoga, care of Irwin Lowy LLP, 217 Queen St. W, Suite 401, Toronto, Ont., M5V 0R2, or by e-mail at tonyguoga@icloud.com.