File: Attachment MUST - 2026-07-14 News Release re Continuation and Consolidation.pdf

Must Capital Inc. Announces Continuation and Share Consolidation

July 14, 2026 MUST CAPITAL INC. (TSXV: MUST.H) (the "Company") announces that following receipt of shareholder approval and subject to regulatory approval, it will continue from the Province of Ontario to the Province of British Columbia eTective July 17, 2026 (the "Continuation"). The Company will concurrently consolidate (the "Consolidation") its common shares on the basis of ten pre-Consolidation common shares for 1 new post-Consolidation share. The Company has no issued and outstanding convertible securities.

The Company expects that the TSX Venture Exchange (the "Exchange") will issue a bulletin in due course, confirming that the Company's common shares will commence trading on the Exchange on a post-Consolidation basis eTective on or about the opening of trading on Friday, July 17, 2026. There will be no change to the Company's name or trading symbol. The new CUSIP and ISIN numbers for the post-Continuation, post-Consolidation common shares of the Company are 62818R201 and CA62818R2019, respectively.

No fractional common shares will be issued, and fractions of less than one-half of a share will be cancelled and fractions of at least one-half of a share will be converted to a whole common share. Following the Consolidation and subject to rounding adjustment, the Company expects to have 2,756,484 common shares issued and outstanding, and no common shares reserved for issuance.

Letters of Transmittal will be mailed shortly to registered shareholders who hold share certificates, with instructions for the exchange of existing share certificates for new share certificates. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will not receive a Letter of Transmittal but will have their holdings adjusted electronically by the Company's transfer agent and need not take any further action to exchange their pre-Consolidation shares for post- Consolidation shares.

The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions. Shareholder approval of the Continuation and the Consolidation was received at the Company's Annual General and Special Meeting of Shareholders held on May 5, 2026.

For further information, please contact: Mike Marrandino, Chief Executive O=icer E-mail: mike@pacwest.ca

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

Forward Looking Statements Caution

The press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipates", "intends", "plans", "budgets", "believes", "projects", "estimates", "expects", "schedules", "forecasts", "strategies", "future", "likely", "may", "could", "should", "would", "will" and similar references to future periods, circumstances or events, as well as other terms used in the future and conditional tense. These forward-looking statements are based on certain assumptions as of the date they are provided. However, there can be no assurance that such assumptions will prove to be correct. Additionally, there are known and unknown risk factors that could cause the Company's actual results and financial conditions to diGer materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important risk factors that could cause actual results and financial conditions to diGer materially from those indicated in the forward-looking statements, include among others: general economic, market and business conditions in Canada and globally; market volatility; unforeseen delays in timelines for any of the transactions or events described in this press release; and the risk of regulatory changes that may impact the business of the Company. All forward-looking information is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking statement or to publicly announce the result of any revisions to any of the forward- looking information contained herein to reflect future results, events, or developments, except as required by law.