Carrier Connect Data Solutions Inc. Completes Acquisition of Network Connectivity and Delivery Assets from Morewave Communication and Engages Capital Analytica for Marketing Services

(TheNewswire)

VANCOUVER, British Columbia –TheNewswire - May 8, 2026 – CarrierConnect Data Solutions Inc. (TSX.V: CCDS; OTCQB: CCDSF; WKN: A40XB1)(the “Company” or “Carrier”) is pleased to announcethat it has completed its previously announced acquisition (the“Acquisition”) of thenetwork connectivity and delivery assets (the “Assets”) from MorewaveCommunication Inc. (“Morewave”), a leading provider of network connectivitysolutions and last mile connectivity services.

In connection with the Acquisition, the Company, through its whollyowned subsidiary Carrier Connect Systems Ltd. (the “Subsidiary”), entered into anasset purchase agreement (the “Asset Purchase Agreement”) dated April 28, 2026 withMorewave. Pursuant to the terms of the Asset Purchase Agreement, theSubsidiary acquired the Assets. In consideration for the Acquisition,the Company issued 560,000 common shares in the capital of the Company(the “ConsiderationShares”) to Morewave. The Consideration Shares were escrowedand will be released in four equal tranches at 6, 12, 18 and 24 monthsfollowing May 8, 2026.

The Acquisition is an arm's length transaction. No finder'sfees have been paid by either the Company or Morewave in connectionwith the Acquisition.

Marketing Services

Carrier announces that it has entered into a six-monthsocial media consulting services agreement with Triomphe HoldingsLtd., doing business as Capital Analytica ("Capital Analytica"), an arm's-length service provider, in accordancewith the policies of the TSX Venture Exchange and applicablesecurities laws. Under the agreement, Capital Analytica will providesocial media consulting and related investor awareness services for atotal fee of $150,000 payable in two equal installments over thesix-month term. The agreement includes an option to renew for anadditional six-month term at a rate of $75,000, unless terminatedearlier in accordance with its terms. Capital Analytica has no director indirect interest in the Company or its securities and has nocurrent intention or right to acquire any such interest during theengagement, other than the potential grant of stock options in thefuture.

About Carrier Connect Data SolutionsInc.

Carrier’s mission is to roll up Tier II/III data centersinternationally that specialize in delivering co-location and datacenter solutions to AI companies, service providers, enterprises andsmall businesses. Data centers are the physical locations that storecomputing machines and their related hardware equipment, such asservers, data storage drives, and network equipment. As acarrier-neutral organization, Carrier’s systems are fullyindependent and owned outright within its leased space. The currentprincipal markets for the Company are Vancouver, Ottawa and SaintJohn, Canada and Perth, Australia, where it serves clients who use itsfacilities either as their primary data center or as an ancillary sitedepending on their needs.

ON BEHALF OF THE BOARD OFDIRECTORS

“Mark Binns”

Mark Binns, CEO

For further information, pleasecontact:

Attention: Mark Binns, CEO

Email:  mark@carrierconnectds.com

Phone:  778-945-1074

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

Cautionary Statement RegardingForward-Looking Information

This press release contains “forward-looking information” withinthe meaning of applicable Canadian securities legislation. Readers arecautioned that reliance on such information may not be appropriate forother purposes. Any such forward-looking information may be identifiedby words such as “plans”, “expects”, “is expected”,“budget”, “scheduled”, “estimates”, “forecasts”,“intends”, “anticipates”, or “believes” or the negativeconnotation thereof or variations of such words and phrases or statethat certain actions, events or results “may”, “could”,“would”, “might” or “will be taken”, “occur” or “beachieved” or the negative connotation thereof. Forward-lookingstatements include, but are not limited to, statements with respect tothe escrowing of the Consideration Shares, the Company’s futureplans and intentions and the provision of marketing services byCapital Analytica. Such forward-looking statements or information areprovided to inform the Company's shareholders and potentialinvestors about management's current expectations and plansrelating to the future.

Forward-looking statements or information are based on a number offactors and assumptions that have been used to develop such statementsand information, but which may prove to be incorrect. Although theCompany believes that the expectations reflected in suchforward-looking statements or information are reasonable, unduereliance should not be placed on forward-looking statements becausethe Company can give no assurance that such expectations will prove tobe correct. The forward-looking information in this news releasereflects the current expectations, assumptions and/or beliefs of theCompany based on information currently available to the Company.

Forward-looking information also involves known and unknown risks anduncertainties and other factors, which may cause actual events orresults in future periods to differ materially from any projections offuture events or results expressed or implied by such forward-lookinginformation or statements, including, among others: negative operatingcash flow and dependence on third party financing, uncertainty ofadditional financing, reliance on key management and other personnel,and the risk factors with respect to the Company set out in theCompany’s filings with the Canadian securities regulators andavailable under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors thatcould cause actual results to differ materially from those containedin the forward-looking information or implied by forward-lookinginformation, there may be other factors that cause results not to beas anticipated, estimated or intended. There can be no assurance thatforward-looking information and statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated, estimated or intended. Accordingly, readers should notplace undue reliance on forward-looking statements or information. TheCompany undertakes no obligation to update or reissue forward-lookinginformation as a result of new information or events except asrequired by applicable securities laws.

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