An anonymous director reports

MIJEM ANNOUNCES CONSOLIDATION AND APPOINTMENT OF NEW DIRECTOR

Mijem Newcomm Tech Inc. is proceeding with a consolidation of its issued and outstanding share capital on the basis of one new common share for every 10 outstanding common shares.

The company currently has 62,073,075 common shares issued and outstanding. Following the consolidation, the company will have approximately 6,207,312 shares issued and outstanding. No fractional shares will be issued under the consolidation, and any fraction will be rounded to the nearest whole number. The exercise or conversion price and/or the number of shares issuable under any of the company's outstanding convertible securities, stock options and warrants will be proportionally adjusted after giving effect to the consolidation based on the consolidation ratio (10:1).

Subject to acceptance by the Canadian Securities Exchange (the CSE), the shares are expected to begin trading on a postconsolidation basis on the CSE when markets open on Oct. 9, 2026 (the effective date). The record date for the consolidation will also be Oct. 9, 2026. The CSE is expected to issue a bulletin on Oct. 5, 2026, advising dealers of the consolidation. The company's name and trading symbol will not change. The company has been issued with a new Cusip No. 59863N606.

The company's board of directors anticipates that the potential benefits of the consolidation include increased investor interest and reduced volatility. The consolidation was approved by the company's shareholders at its annual meetin/g held on Sept. 3, 2025. Additional details about the consolidation can be found in the company's management information circular dated July 18, 2025.

Registered shareholders holding their common shares in book-entry or direct registration system form will have their preconsolidation common shares automatically exchanged for postconsolidation common shares on the record date and will not be required to take any action. Registered shareholders holding physical share certificates should complete and return letter of transmittal that was sent to them with their proxy materials in conjunction with the company's Sept. 3, 2025, annual meeting. No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) to effect the consolidation.

The company is also pleased to announce it has appointed Cole Drezdoff as director of the company effective Oct. 2, 2026. Mr. Drezdoff is a commercially focused marketing and business development professional with experience in digital strategy, market research, investor engagement and client growth initiatives. A graduate of Toronto Metropolitan University's Ted Rogers School of Management with a bachelor of commerce in marketing management, he has supported companies in strengthening brand visibility, improving stakeholder communications and driving business development. Coincident with the appointment of Mr. Drezdoff, Brian Gusko is stepping down as director. The company wishes to thank Mr. Gusko for his valued service.

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