Plaid Technologies Inc. Provides Update on Status of Management Cease Trade Order

Plaid Technologies Inc. is providing this update on the status of management cease trade order granted on July 30, 2026 (the “MCTO”) by British Columbia Securities Commission under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On July 30, 2026 the Company announced that, for the reasons disclosed in the news release, there would be a delay in the filing of its audited financial statements for the fiscal year ended March 31, 2026, accompanying management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates (collectively, the "Required Filings") beyond the period prescribed under applicable Canadian securities laws (the "Default Announcement"). On August 13, 2026, the Company issued a news release providing an update on its audit progress. In order to satisfy its disclosure obligations, the Company will continue to issue bi-weekly news releases until such time as the Required Filing have been filed and the (MCTO) has been lifted. The Company and its auditor continue to work diligently and are committed to completing the filing as soon as practicable. The MCTO will be in effect until the Required Filings are completed. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's chief executive officer, chief financial officer, and directors, will not be able to trade in the Company's common shares. Other than as disclosed in this news release, there are no material changes to the information contained in the Default Announcement. The Company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue bi-weekly default status update for so long as the Required Filings remain outstanding.

Plaid Technologies Inc. is a Canadian advanced materials company focused on the development and commercialization of graphene-enhanced technologies, including applications in construction, energy, and industrial materials.

On Behalf of the Board of Directors "Paul Hughes" Paul Hughes Interim Chief Executive Officer Telephone: 1-800-585-7517 Email: [email protected] Website: https://www.plaidtechnologiesinc.com

Certain information contained in this release constitute forward-looking statements or information under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "will", "expects", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, ‎forward-looking ‎statements in this release include statements regarding: the anticipated timing for the filing of the Annual Filings; and the ability of the Company to comply with the requirements of NP12-203. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including that the Annual Filings may not be completed in the time anticipated or allowed for by the MCTO, in which case a general cease trade order may be issued with respect to the Company's securities.