Mr. Mat Cybula reports

TENX PROTOCOLS PROVIDES CORPORATE UPDATE ON EXPANSION INTO AI INITIATIVES AND ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

Tenx Protocols Inc. has released new artificial intelligence initiatives, has released the voting results of its annual general and special meeting of shareholders held on June 4, 2026, and has provided a broader corporate update.

Corporate update

Exploration of artificial intelligence initiatives. As part of the company's continuing efforts to improve operating efficiency and identify adjacent growth opportunities, Tenx is actively exploring the integration of artificial intelligence technologies into its internal operations. The company is in the early stages of evaluating how AI tools may be used to streamline internal processes across research, infrastructure operations and corporate functions. The company is also evaluating whether select capabilities developed through this work may, over time, be offered as a service to third parties. Any such initiative remains exploratory in nature, and there can be no assurance that the company will commercialize any AI-related product or service. The company will provide further updates as appropriate.

Continued focus on staking-based revenue. Despite continuing volatility in the broader digital asset markets, Tenx remains focused on generating recurring revenue from its institutional-grade staking infrastructure and validator operations. The company continues to operate validator infrastructure across multiple high-throughput blockchain networks and expand its delegated stake base. The company believes this network participation model provides a durable revenue foundation.

"The past several months have marked an important period of execution for Tenx as we continue to build one of the leading publicly traded blockchain infrastructure platforms focused on staking and validator operations. From expanding our validator footprint across key blockchain ecosystems to strengthening strategic relationships with organizations such as the Tezos Foundation, BONK contributors and other protocol partners, we remain focused on creating long-term shareholder value through recurring staking revenue and disciplined treasury management. The launch of our public treasury dashboard further reflects our commitment to transparency and providing investors with clear visibility into how our assets are deployed and generate returns. We look forward to providing further updates on our expansion into artificial intelligence and how that integrates into our business," said Mat Cybula, chief executive officer of Tenx. "On behalf of the board, we thank our shareholders for their continued participation and support."

Results of the annual general meeting

A total of 20,706,227 common shares of the company, representing approximately 32.57 per cent of the 63,577,562 shares issued and outstanding as at the record date, were voted at the meeting.

All matters presented for approval at the meeting were duly authorized and approved, as follows:

1. Mat Cybula, Filip Cybula, Michael Ashby and Aydin Kilic were re-elected to the board of directors of the company to serve for the ensuing year or until their successors are duly elected or appointed.
2. HDCPA Professional Corp. was appointed as auditor of the company for the ensuing year, and the board was authorized to fix its remuneration and terms of engagement.
3. The existing rolling 10-per-cent plan in respect of stock options was confirmed and approved.
4. The grant of 850,000 stock options under the existing plan to an adviser of the company was confirmed and approved by the disinterested shareholders of the company.
5. A new rolling 10-per-cent plan in respect of stock options and a fixed 10-per-cent plan in respect of other awards were confirmed and approved.

Each of the matters referenced above is described in greater detail in the management information circular of the company dated May 4, 2026, which is available on SEDAR+.

About Tenx Protocols Inc.

Tenx Protocols is a technology company focused on generating recurring revenue from the crypto asset economy. The company operates institutional-grade staking infrastructure, earns cash flow from its inventory of crypto assets, and provides infrastructure, advisory and development services across high-throughput blockchain networks. Through proprietary staking, hosted solutions and strategic protocol partnerships, Tenx gives public market investors exposure to the growth of next-generation blockchains and the broader Web3 ecosystem.

We seek Safe Harbor.