Mr. Clayton Davis, an investor, reports

EARLY WARNING REPORT REGARDING NUBEVA TECHNOLOGIES LTD.

Clayton Davis has filed two early warning reports in respect of his ownership of common shares in the capital of Nubeva Technologies Ltd. The common shares trade on the TSX Venture Exchange under the symbol NBVA.

On Sept. 8, 2025, the acquiror acquired 105,000 common shares through the facilities of the TSX-V at a price of 9.29 cents per common share for aggregate consideration of $9,754.50, excluding commission and other transaction costs. Immediately before the acquisition, the acquiror beneficially owned and exercised control or direction over 6,933,268 common shares, representing approximately 9.88 per cent of the then issued and outstanding common shares. Immediately after the acquisition, he beneficially owned and exercised control or direction over 7,038,268 common shares, representing approximately 10.03 per cent.

On Aug. 19, 2026, the acquiror purchased an aggregate of 67,000 common shares and sold 6,000 common shares through the facilities of the TSX-V for a net acquisition of 61,000 common shares. Aggregate purchase consideration was $11,114.40 and gross sale proceeds were $1,080, in each case, excluding commissions and other transaction costs. Immediately before the transactions, the acquiror beneficially owned and exercised control or direction over 8,393,065 common shares, representing approximately 11.96 per cent of the then issued and outstanding common shares. Immediately following the transactions, he beneficially owned and exercised control or direction over 8,454,065 common shares, representing approximately 12.05 per cent of the then issued and outstanding common shares.

The common shares were acquired for investment purposes. The acquiror intends to review his investment on a continuing basis, and may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over securities of the issuer through market transactions, private agreements or otherwise.

The early warning reports containing additional information with respect to the foregoing matters will be available under the issuer's profile on SEDAR+. A copy may also be obtained by contacting Michelle Perini, of Blake, Cassels & Graydon LLP, via e-mail at michelle.perini@blakes.com or by phone by dialling 1-604-240-2923.

The issuer's head office is located at Suite 480, 789 West Pender St., Vancouver, B.C., V6C 1H2.