Plaid Closes the First Tranche of Non-Brokered Private Placement

(TheNewswire)

Vancouver, British Columbia –October 24, 2025 – TheNewswire - PlaidTechnologies Inc. STIF STIFF (FRA:
5QX0) (“Plaid” or the “Company”), a leader in advancedgraphene-based solutions, is pleased to announce that has closed thefirst tranche of its previously announced non-brokered privateplacement (the “Offering”).

The Company issued an aggregate of 680,800 commonshares in the capital of the Company (the “Common Shares”) ata price of $1.25 per Common Share for gross proceeds of $851,000.

No finder’s fees will be paid in connection with theOffering. All securities issued pursuant to the first tranche of theOffering are subject to a statutory hold period of four months and oneday from issuance, expiring on February 25, 2026, in accordance withapplicable Canadian securities laws.

The Company anticipates completing the balance of theOffering shortly.

The net proceeds of the Offering will supplement theuse of funds previously disclosed in the Company’s Listing Statementdated August 13, 2025, with additional working capital and to extendthe runway for developing the Company’s technology, sales andmarketing (of the Company’s product), and the potential purchase ofadditional graphene inventory.

This news release does not constitute an offer to sellor a solicitation of an offer to sell any of the securities in theUnited States.  The securities have not been and will not beregistered under the United States Securities Act of 1933, as amended(the "U.S. SecuritiesAct") or any state securities laws and maynot be offered or sold within the United States or to U.S. Personsunless registered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration isavailable.

About the Company

The Company focuses on the development andcommercialization of graphene-enhanced technology. Plaid issimultaneously pursuing a range of applications for its proprietarygraphene-infused concrete mixture, with an initial focus on wellborecement and subsurface applications. Management expects Plaid’sunique mixture to pave the way for a new era in well abandonment,combining cutting-edge materials with precision engineering.

On Behalf of the Board ofDirectors

“Guy Bourgeois”

Guy Bourgeois

Director & Chief Executive Officer

Telephone:  1-800-585-7517

Email: info@plaidtechnologiesinc.com

Website: https://www.plaidtechnologiesinc.com

The CSE has neither approved nordisapproved the contents of this news release. Neither the CSE nor itsMarket Regulator (as that term is defined in the policies of the CSE)accepts responsibility for the adequacy or accuracy of thisrelease.

Forward-LookingInformation

This news release containsforward-looking information that is not based on historical facts.Forward-looking information is characterized by words such as“plan”, “expect”, “project”, “intend”, “believe”,“anticipate”, “estimate”, “target,” “potential,” andother similar words, or statements that certain events or conditions“may” or “will” occur. More particularly, and withoutlimitation, this news release contains forward-looking informationregarding the Company’s future plans, business objectives, and thedevelopment, operation, and commercialization of its technology andproducts. The Company cautions that all forward-looking information isinherently uncertain and that actual performance may be affected by anumber of material factors, assumptions, and expectations, many ofwhich are beyond the Company’s control. These factors include,without limitation, the Company’s intention to complete a non-brokered private placement,the expected use of proceeds therefrom, and assumptions andexpectations concerning its ongoing operations and businessenvironment. Such risks and uncertainties include, but are not limitedto, prevailing market conditions and general business, economic,competitive, political, and social factors that may cause actualresults to differ materially from those expressed or implied by theforward-looking information. There can be no assurance that suchinformation will prove to be accurate, as actual results and futureevents could differ materially from those anticipated. Accordingly,readers should not place undue reliance on forward-lookinginformation.

Forward-looking information involvesrisks, uncertainties and other factors that could cause actual events,results, and opportunities to differ materially from those expressedor implied by such forward-looking information. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to, changes in the state ofequity and debt markets, fluctuations in commodity prices, delays inobtaining required regulatory or governmental approvals, and includesthose risks set out in the Company's management’s discussionand analysis as filed under the Company's profile atwww.sedarplus.ca. Forward-looking information in this news release isbased on the opinions and assumptions of management consideredreasonable as of the date hereof, including that all necessarygovernmental and regulatory approvals will be received as and whenexpected. Although the Company believes that the assumptions andfactors used in preparing the forward-looking information in this newsrelease are reasonable, undue reliance should not be placed on suchinformation. The Company disclaims any intention or obligation toupdate or revise any forward- looking information, other than asrequired by applicable securities laws.

Forward-looking information in thisnews release also involves material risks and uncertainties specificto its business, including risks related to the early-stage nature ofthe acquired technology, uncertainty regarding the possibility ofintellectual property protection challenges, and the need to complywith applicable regulatory frameworks in Canada and otherjurisdictions. There is no assurance that the Company will besuccessful in developing or commercializing products related to itsbusiness.

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