Vancouver, British Columbia--(Newsfile Corp. - October 26, 2026) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") announces that it has arranged a non-brokered private placement (the "Private Placement" or "Offering") to raise total proceeds of up to CAD $1,500,000. The Private Placement will consist of up to 3,750,000 units ("Units") at a price of $0.40 per Unit. Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant") exercisable at a price of $0.55 per common share, and expiring two years from the closing date.

Closing of the Offering is subject to the Company's receipt of TSX Venture Exchange ("TSXV") approval. All securities issued under the Offering will be subject to a hold period of four months and a day from the date of issuance. The Company may pay finder's fees to eligible finders in connection with the Offering.

The Company intends to use the net proceeds of the Offering for working capital and continuous evaluation of strategic, corporate and financial opportunities.

Certain insiders of the Company may participate in the Private Placement which participation will constitute a related-party transaction, as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The issuance of any Units to insiders is exempt from the formal valuation requirements of Section 5.4 of MI 61-101, pursuant to Subsection 5.5(a) of MI 61-101, and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.

Additionally, the Company announces that it is extending certain previously outstanding warrants (the "Prior Warrants"). The Company's Prior Warrants with an exercise price of $0.40 per common share (as to 14,584,954 Prior Warrants issued January 31, 2024) and $0.50 per common share (as to 625,000 Prior Warrants issued July 25, 2025 and 550,463 Prior Warrants issued August 20, 2025), all of which expired January 31, 2027, will be extended to a new expiry date of December 31, 2027. The new expiry dates are subject to the Company's filing requirements with TSXV and receipt of TSXV approval. Insiders of the Company hold 336,363 Prior Warrants exercisable at $0.40 that are part of the proposed extension.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About MineHub

MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. MineHub's product suite also includes Jules AI, a modular ERP platform purpose-built for SMB commodity traders and recycled metals operators, delivering end-to-end management of purchases, sales, logistics and invoicing. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.

Andrea Aranguren
CEO, MineHub Technologies Inc.

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements that are considered "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements") with respect to MineHub including, but not limited to, statements with respect to MineHub's future plans for the Offering, use of proceeds of the Offering, the extension of the Prior Warrants and any future exercises thereof. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company's operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company's management discussion and analysis, available on the Company's SEDAR+ profile at www.sedarplus.ca. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub's management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.

NOT FOR DISTRIBUTION TO U.S NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321087