Mr. Brian Kalish reports

XIGEM TECHNOLOGIES ANNOUNCES CLOSING OF SHARES FOR DEBT TRANSACTIONS

Pursuant to Xigem Technologies Corp.'s previously announced shares for debt settlement on May 11, 2026, it has now closed the transaction.

The company has entered into debt settlement agreements with certain of its creditors to issue 10,464,595 common shares to such creditors in exchange for outstanding accounts payable totalling $523,230 owing to the creditors. The settlement shares are being issued at a price of five cents, in accordance with the policies of the Canadian Securities Exchange (the CSE). The creditors include certain related parties of the company, being: Brian Kalish, the chief executive officer and a director of the company, and a company related to Igor Kostioutchenko, the chief financial officer of the company (the related parties), who will receive an aggregate of 7,752,595 settlement shares. Every other creditor is an arm's-length party. The company is completing the shares for debt transaction to improve its financial position in an effort to support its planned future growth.

All settlement shares will be subject to a four-month-and-one-day hold period. No new control person of the company will be created pursuant to the shares for debt transaction.

The shares for debt constituted a related party transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions, as certain insiders of the company acquired an aggregate of 7,752,595 settlement shares. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the shares for debt transaction by insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Xigem Technologies Corp.

With software capable of improving capacity, productivity, and overall operations for businesses, consumers and organizations Xigem aims to position itself to become a leading technology provider for the near-trillion-dollar remote digital economy. iAgent, the company's patented technology and EchoDigital, its SaaS (software-as-a-service) automotive shopping platform are intended to provide organizations, businesses and consumers with the tools necessary to thrive in a vast array of digital working, learning, shopping and treatment environments while the company continually looks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.

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