Mr. Wade Dawe, an investor, reports

WADE DAWE NEWS RELEASE RELATED TO ACQUISITION OF COMMON SHARES OF TORRENT CAPITAL LTD

Wade Dawe has acquired common shares of Torrent Capital Ltd. On Nov. 7, 2025, Kelligrew Inc., a private corporation controlled by Mr. Dawe, acquired 50,000 common shares of Torrent via acquisitions on the open market at an average price of 61 cents per share.

As a result of the acquisition, Mr. Dawe and entities he owns hold 11,600,913 common shares of Torrent, representing 30.5 per cent of the 38,090,224 issued and outstanding common shares of Torrent as at Nov. 7, 2025.

The common shares of Torrent were acquired for investment purposes. Mr. Dawe may increase or decrease his investment in Torrent depending upon future market conditions or any other relevant factors.

This news release is being issued as required by National Instrument 62-103, The Early Warning System and Related Takeover Bid and Insider Reporting Issues, in connection with the filing of an early warning report dated Nov. 7, 2025. The early warning report respecting this acquisition has been filed on SEDAR+.

For further information, please contact Mr. Dawe at 902-491-4280 or 2001, 1969 Upper Water St. ,Halifax, N.S., B3J 3R7.