Grosvenor Enters into a Definitive Agreement with 9409-5072 Quebec Inc. and Gestion Faraday Énergie Inc. to Advance Qualifying Transaction

Toronto, Ontario--(Newsfile Corp. - August 28, 2026) - Grosvenor CPC I Inc. (TSXV: GRVA.P) (" Grosvenor " or the " Company "), 9409-5072 Quebec Inc. (" 9409-5072 ") and Gestion Faraday Énergie Inc. (" Faraday " and together with 9409-5072, the " Targets ") are pleased to announce that Grosvenor, 9572-0660 Quebec Inc. (" Purchaseco "), 9409-5072, Faraday , the shareholders of 9409-5072 (the " 9409-5072 Shareholders ") and the shareholders of Faraday (the " Faraday Shareholders ") have entered into a definitive share transfer agreement dated August 27, 2026 (the " Share Transfer Agreement "), which replaces the letter of intent dated February 12, 2026 previously announced by the parties. Pursuant to the Share Transfer Agreement, Purchaseco, a wholly-owned subsidiary of Grosvenor, will acquire all of the issued and outstanding shares of 9409-5072 and Faraday, and immediately thereafter, Purchaseco and 9566-8216 Quebec Inc. (" Finco "), also a wholly-owned subsidiary of Grosvenor, will amalgamate to form "Amalco," which will become a wholly-owned subsidiary of Grosvenor (together with the related transactions described in this news release, the " Transaction "). The Transaction is an arm's length "Qualifying Transaction" for Grosvenor, as such term is defined in Policy 2.4 of the Corporate Finance Manual (the " Policy ") of the TSX Venture Exchange (the " TSXV " or the " Exchange "). Core Business of the Resulting Issuer Following completion of the Transaction, Grosvenor (as the " Resulting Issuer ") will carry on the business of the Targets as a renewable-energy producer company that owns and operates three run-of-river hydroelectric generating stations in Québec - Chute-Blanche, Centrale Hydroélektrique La Sarre 1, société en commandite (" La Sarre 1 "), and Centrale Hydroélektrique La Sarre 2, société en commandite (" La Sarre 2 ") - with a combined installed capacity of approximately 3.3 MW, the entire output of which is sold to Hydro-Québec under long-term arrangements. 9409-5072 9409-5072 is a private company incorporated under the Business Corporations Act (Québec) (" QBCA ") on December 5, 2019. On July 1, 2026, 9409-5072 completed a short form vertical amalgamation with its subsidiary, Production hydroélectrique EnerGen ltée., and continued as a single business corporation under the name "9409-5072 Quebec Inc." 9409-5072 does business under the name "EnerGen Canada" and has one subsidiary, 9409-5999 Quebec inc. (" 9409-5999 "), which operates one hydro-electric power plant, Chute-Blanche hydroelectric generating station (1.5 MW), located in Sainte-Jeanne-d'Arc, Québec, on the Petite rivière Péri bonka (" Chute-Blanche "). 9409-5999 was incorporated pursuant to the provisions of the QBCA on December 9, 2019. On December 18, 2020, 9409-5999 merged with 9408-5487 Quebec Inc. into a single business corporation under the name "9409-5999 Quebec Inc." Chute Blanche was commissioned in 1998 and was acquired by 9409-5999 in 2020. 9409-5999 generates renewable electricity and sells it to Hydro-Québec under a long-term power purchase agreement. 9409-5072's business is the generation and sale of renewable hydroelectric energy to Hydro-Québec. Faraday Faraday was incorporated pursuant to the provisions of the QBCA on April 21, 2016 under the name "Gestion Faraday Énergie Inc." Faraday is a private corporation which owns two subsidiaries, Hydro-Abitibi Inc. and Energie renouvelable Abitibi Inc. Those subsidiaries together hold all of the interests in two Québec limited partnerships, La Sarre 1 and La Sarre 2, in each case with Hydro-Abitibi Inc. acting as general partner and each of Hydro-Abitibi Inc. and Energie renouvelable Abitibi Inc. holding 50% of the limited partnership units. La Sarre 1 and La Sarre 2 own and operate two hydro-electric power plants, with installed capacities of 1,050 kW and 750 kW respectively, for a combined...