Mr. Alexander Tjiang reports

NEXTGEN DIGITAL ANNOUNCES CLOSING OF FIRST TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING AND PROVIDES UPDATE ON STOCK SPLIT

Nextgen Digital Platforms Inc., further to its news release of Jan. 10, 2025, has completed the first tranche of its previously announced non-brokered private placement financing. Pursuant to the first tranche, the company issued 633,750 units of the company at a price of $1.28 per unit for gross proceeds of $811,200.

Each unit consists of one common share in the capital of the company and one transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of $1.60 for a period of 24 months from the date of issuance.

In connection with the first tranche, the company paid finders' fees to eligible finders consisting of $31,848 in cash and 24,631 common share purchase warrants. Each finders' warrant is exercisable to acquire one share at an exercise price of $1.60 for a period of 24 months from the date of issuance.

The company will use the net proceeds from the offering for corporate development, marketing and general working capital. All securities issued in connection with the first tranche are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation ending on May 24, 2025.

The company plans to complete a second tranche of the offering in the coming weeks.

The company is also pleased to announce, further to its news release dated Dec. 20, 2024, that the company has received approval from the Canadian Securities Exchange (CSE) for its proposed split of its shares on the basis of two postsplit shares for each issued and outstanding presplit share. The company's name and stock symbol are currently expected to remain unchanged following the share split. The share split will take effect on a record date to be announced in due course and after closing of the last tranche of the offering.

About Nextgen Digital Platforms Inc.

Nextgen Digital Platforms currently operates e-commerce platform PCSections (PCS) and a hardware-as-a-service business supporting the artificial intelligence sector, called Cloud AI Hosting. Both PCS and Cloud AI Hosting were developed in-house by Nextgen. The company also intends to democratize access to cryptocurrencies by providing investors with exposure to a diversified basket of digital assets through a regulated public vehicle. From time to time, the company also intends to evaluate and acquire or develop other microtechnology platforms.

We seek Safe Harbor.