DelphX Provides Correction to Convertible Debenture Closing and Announces Non-Brokered Private Placement

About this update from Delphx Capital Markets, Inc.

Toronto, Ontario and New York, New York--(Newsfile Corp. - June 29, 2026) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX" or the "Company") Correction to previously announced convertible debenture closing Delphx Capital Markets Inc. is issuing this news release, in part, to correct its previously disseminated news release dated June 1, 2026 (the "prior release") regarding the closing of its non-brokered convertible debenture private placement financing (the "debenture financing"). The prior release reported that the company had closed the debenture financing for a $125,000 principal amount convertible debenture. The company wishes to clarify and correct that the subscriber has reduced its commitment, and the company has received aggregate gross proceeds of $35,000 in connection with the debenture financing. The company does not expect to receive the balance of the previously announced amount. Accordingly, the debenture has been amended to reflect a $35,000 principal amount convertible debenture. The debenture bears interest at a rate of 8 per cent per annum, matures one year from the date of issuance, being May 29, 2027, and is convertible into up to 700,000 common shares of Delphx at a conversion price of five cents per share. No common shares, warrants or other securities have been or will be issued in respect of the unfunded portion of the previously announced amount. The disclosure in this news release should be read in conjunction with, and supersedes, the disclosure in the prior release with respect to the principal amount of the debenture financing and the number of common shares issuable on conversion. Non-brokered private placement Delphx also announces that it intends to proceed with a non-brokered private placement of up to 2.5 million units at a subscription price of two cents per unit, for gross proceeds of up to $50,000 (the "offering"). Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of six cents, for a period of two years from the date of issuance. In connection with the offering, Delphx may elect to pay finders' fees to eligible finders and details of any finders' fees paid will be announced at a later date. Completion of the offering is subject to the approval of the TSX Venture Exchange. The securities issue...

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