Prospect Prediction Markets Announces Exercise of All Outstanding Warrants

About this update from Prospect Prediction Markets Inc.

Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Prospect Prediction Markets Inc. (TSXV: MKT) (OTCQB: MKTSF) (FSE: DEP) ("Prospect Markets" or the "Company") is pleased to announce that all 7,321,679 warrants of the Company issued in connection with private placements completed by the Company during June and July 2024 have been duly exercised, resulting in aggregate gross proceeds to the Company of $976,055. The warrant exercise period ended at 5:00 PM MST, June 26, 2026. Following the exercises, no warrants, including broker warrants of the Company remain outstanding. The Company intends to use the proceeds for general corporate and working capital purposes. "We are pleased to report the full exercise of all our outstanding warrants," said Johnny Chen, Founder and Chief Executive Officer of Prospect Markets. "This reflects the continued confidence of our shareholders and meaningfully strengthens our balance sheet as we execute on our strategic roadmap and deliver a platform that redefines how sports fans engage with the games they love." The Company also announces that at its request, SRCO Professional Corporation has resigned as auditor, effective June 29, 2026, and that CAN Partners LLP has been appointed as successor auditor to hold office until the close of the Company's next annual meeting of shareholders. The change was considered and recommended by the audit committee and approved by the board of directors. There were no reservations or modified opinions in SRCO's audit reports, and there are no reportable events as defined in National Instrument 51-102. The Notice of Change of Auditor and required letters will be filed under the Company's profile on SEDAR+. The Company also announces that it has granted 200,000 performance share units ("PSUs") to a director under its Omnibus Equity Incentive Plan. The PSUs are granted pursuant to performance-based vesting: subject to achievement of a performance milestone and the grantee's continued service, the PSUs vest on the first anniversary of the date of grant, and are forfeited in full if the performance milestone is not achieved. As the grantee is an insider, the grant is a related party transaction under MI 61-101; the Company relies on the exemptions in Sections 5.5(a) and 5.7(1)(a) as the value does not exceed 25% of the Company's market capitalization. The PSU grant is subject to the a...

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