Mr. Jay Adelaar reports

LIBERTY FILES AMENDED AND RESTATED UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AND MD&A

Liberty Defense Holdings Ltd. has filed amended and restated unaudited condensed interim consolidated financial statements and management's discussion and analysis for the three and nine months ended Sept. 30, 2024, and 2023, which amends and restates the previously filed unaudited condensed interim consolidated financial statements and MD&A for the three and nine months ended Sept. 30, 2024, and 2023.

The amended and restated financials and MD&A were filed due to the following changes:

• Correction of fair value reallocation of 60,000 warrants exercised by $15,275 (Note 11);
• Correction of residual value of warrants granted by $135,587 (Note 11);
• Correction of the calculation of fair value of 61,341 restricted shares units exercised by $191,799 (Note 11);
• Correction of Battelle patent minimum royalty payment for 2024; accrued for year to date $150,000 added to intangible assets and $150,000 depreciated and included in cost of goods sold (Note 7);
• Correction of 465,033 special warrants granted and converted into 465,033 units (Note 11);
• Reclassification portion of the Parabilis loan from current to non-current (Note 8);
• Other immaterial changes.

The MD&A was also modified to include the above changes.

About Liberty Defense Holdings Ltd.

Liberty Defense provides multitechnology security solutions for concealed weapon detection in high-volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools and more. Liberty's Hexwave product, for which the company has secured an exclusive licence from Massachusetts Institute of Technology, as well as a technology transfer agreement for patents related to active 3-D radar imaging technology, provides discrete, modular and scalable protection to provide layered, standoff detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimetre-wave-based, high-definition advanced imaging technology body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions.

We seek Safe Harbor.