Blackhawk Growth Corp. Announces Adoption of Semi-Annual Reporting and Changes to the Board and Management Team

(TheNewswire)

Vancouver, British Columbia – TheNewswire –June 4, 2026 – Blackhawk Growth Corp.("Blackhawk" or the"Company") (CSE: BLR,Frankfurt:0JJ) is pleased to announce its intention to adoptsemi-annual reporting pursuant to Coordinated Blanket Order 51-933 –Exemptions to Permit Semi-AnnualReporting for Certain Venture Issuers (the "Blanket Order") issued by theBritish Columbia Securities Commission on March 19, 2026.

The Company’s fiscal year ends on June 30. The Company has filed interim financial statements and relatedmanagement's discussion and analysis ("MD&A") for the three andnine-month period ending March 31, 2026. Under the semi-annualreporting pilot program (the “SAR”), the initial interim period for which the Companywill not file interim financial statements and related MD&A is thethree-month period ended September 30, 2026.

The Company will continue to file audited annualfinancial statements (due within 120 days of June 30) and six-monthinterim financial reports (due within 60 days of December 31).

The Company confirms it meets the SAR eligibility criteria, whichinclude, among other things, being a venture issuer with annualrevenues of less than $10 million and maintaining a clean 12-monthcontinuous disclosure record. The Company remains committed to timelydisclosure and will continue to report all material changes andsignificant developments as required under National Instrument 51-102- Continuous DisclosureObligations.

Board and Management Changes

The Company also announces that, effective May 25, 2026, Justin Hankaand John Dinan have resigned from the board of directors of theCompany (the “Board”). Inaddition, Justin Hanka has also resigned as Chief Executive Officer ofthe Company. John Dinan will remain as interimChief Financial Officer of the Company. The Board andmanagement team would like to express their sincere appreciation tothe outgoing directors and officer for their contributions and serviceto the Company.

The Company is pleased to announce, effective May 25, 2026, theappointment of Mr. Jae-In (Jay) Sun as Chief Executive Officer anddirector of the Company and Mr. Yeunsik Wi as director of the Company.

Mr. Sun is a seasoned business architect, investment structuringexpert, and technology executive with over 30 years of experienceacross corporate finance, alternative investments, and emergingtechnology sectors. Mr. Sun has extensive expertise in Mezzaninefinancing, Private Investment in Public Equity (PIPE) transactions,cross-border Special Purpose Companies (SPCs), Joint Ventures, andstrategic M&A advisory for both public andprivate companies. Over the past decade, he hasfocused on high-growth technology sectors including IT infrastructure,blockchain, cryptocurrency, AI and quantum computing ecosystems. Hecurrently serves as Head of International Business at PNBS Co., Ltd.,where he leads global capital market strategy and internationalbusiness development initiatives supporting the commercialization ofadvanced AI and quantum infrastructure technologies.

Mr. Wi is an experiencedinvestment banking and corporate governance executive with expertisein investment structuring, derivatives, asset management, privateequity, and technology-sector leadership, having held senior roles atKorea Investment & Securities Co., Ltd., NNF Partners, andmultiple publicly listed technology companies, while currently servingas Chairman of PNBS Co., Ltd. overseeing strategic governance andglobal investment initiatives within advanced AI and quantum computinginfrastructure ecosystems.

Mr. Brian Shin, a director of the Company,stated, “We are pleased to welcome Mr. Sun and Mr. Wi to the Company’s leadership team. Their extensiveexperience in capital markets, corporate finance, and technologysectors will be valuable as the Company continues its restructuringefforts and works toward a successful turnaround and long-termgrowth.”

About Blackhawk

The Company is currently focused on rebuilding and enhancingshareholder value through disciplined restructuring initiatives,governance improvements, and the selective evaluation of investmentand acquisition opportunities with long-term value creation potential.The Company continues to be an investment holding company looking tocreate substantial value for its shareholders through the acquisitionand development of high-growth companies.

For further information contact:

Blackhawk Growth Corp.

?jaysun@pnbs.ai

Neither the Canadian Securities Exchange nor its Market Regulator (asthat term is defined in the policies of the Canadian SecuritiesExchange) accepts responsibility for the adequacy or accuracy of thisrelease.

Cautionary Statement RegardingForward-Looking Information

This press release contains forward-looking informationwithin the meaning of Canadian securities legislation. Forward-lookinginformation generally refers to information about an issuer’sbusiness, capital, or operations that is prospective in nature. Anystatements that are contained in this press release that are notstatements of historical fact may be deemed to be forward-lookinginformation. Forward-looking information is often identified by termssuch as “may“, “should”, “anticipate”, “would”, “will”, “estimates”, “believes”, “intends”, “expects” and similar expressions which areintended to identify forward-looking information. More particularlyand without limitation, this press release contains forward-lookinginformation concerning statements with respect to the Company’splans to rely on the Blanket Order and adopt the SAR. The Companycautions that all forward-looking information is inherently uncertain,and that actual performance may be affected by a number of materialfactors, assumptions, expectations and risks, many of which are beyondthe control of the Company, including but not limited to assumptionsregarding prevailing market conditions and general business, economic,competitive, political and social uncertainties to develop theforward-looking information in this press release, as well as thoserisk factors discussed or referred to in the Company’s disclosuredocuments filed with the securities regulatory authorities in certainprovinces of Canada and available at www.sedarplus.com. There can beno assurance that such information will prove to be accurate, asactual results and future events could differ materially from thoseanticipated in such information. Accordingly, readers should not placeundue reliance on forward-looking information.

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