Mr. Fraser Matthews reports

SURGE DIGITAL INC. ANNOUNCES COMPLETION OF NAME CHANGE AND SHARE CONSOLIDATION

Surge Digital Inc. has finalized its corporate rebranding and share capital consolidation, as described in its news release of Aug. 21, 2026.

Effective Aug. 26, 2026, the company changed its name to Surge Digital Inc. and consolidated its issued and outstanding common shares on the basis of seven preconsolidation common shares for one postconsolidation common share. The company's common shares commenced trading on the TSX Venture Exchange under the new trading symbol SRGE on a postconsolidation basis at the opening of trading on the effective date.

On the OTCQB Market, the company's common shares will trade under the symbol BBKCD for a period of approximately 20 business days following the effective date, after which a new symbol will be issued. The appended letter D is a temporary designation applied to denote the share consolidation and does not represent a change to the company's OTCQB symbol.

The company received final acceptance from the TSX-V on Aug. 24, 2026, for the name change and the consolidation, each of which was approved by the company's board of directors pursuant to the company's articles and the Business Corporations Act (British Columbia), and did not require the approval of the company's shareholders.

The consolidation was completed on a seven-for-one basis (7:1). Details of the consolidated share capital are as follows:

• Preconsolidation shares outstanding: 355,780,820;
• Postconsolidation shares outstanding: 50,825,782;
• New Cusip No.: 86890A109;
• New ISIN No.: CA86890A1093.

No fractional common shares were issued in connection with the consolidation. Where the consolidation would otherwise have resulted in a fractional common share, the number of postconsolidation common shares received was rounded down to the nearest whole number if the fractional interest was less than one-half of a common share, and rounded up to the nearest whole number if the fractional interest was one-half of a common share or greater. No cash consideration was paid in respect of any fractional interest.

The exercise prices and the number of common shares issuable under the company's outstanding warrants and stock options have been adjusted proportionately in accordance with their respective terms to reflect the consolidation.

Information for shareholders:

• Registered holders of share certificates: Have been sent a letter of transmittal by the company's transfer agent, Computershare Trust Company of Canada, with instructions for surrendering their preconsolidation certificate(s) in exchange for postconsolidation common shares. Such holders should not destroy any certificates and should follow the instructions in the letter of transmittal.
• Registered holders in book-entry (DRS) form: No action is required; an updated DRS advice reflecting postconsolidation holdings will be issued automatically by Computershare Trust.
• Beneficial shareholders: No action is required; holdings will be adjusted automatically through intermediaries.

The name change and consolidation are intended to better reflect the company's business focus and strategic direction.

About Surge Digital Inc.

Surge Digital owns, operates and invests in crypto businesses that support a compliant and safe digital asset ecosystem. Its portfolio includes:

• Netcoins -- a regulated Canadian and American crypto trading platform;
• Blockchain Intelligence Group -- blockchain analytics and forensics solutions;
• TerraZero Technologies -- Immersive Media, Metaverse and Web3 development.

Surge believes the future of crypto is secure, compliant and trusted.

Netcoins is a crypto trading platform providing secure, regulated access to a growing range of digital assets. With a commitment to transparency and compliance, Netcoins serves both retail and institutional investors, offering a trusted way to buy, sell, stake and custody crypto in Canada.

Blockchain Intelligence Group provides digital asset forensics and blockchain analytics solutions supporting AML, investigations and risk management for cryptocurrency activity.

TerraZero is an immersive media and Web3 development company focused on creating next-generation virtual experiences for brands. Through its Intraverse platform, TerraZero offers immersive experience creation, advertising, data analytics and digital events.

We seek Safe Harbor.