Abound Announces 3-For-1 Share Consolidation

(TheNewswire)

Richmond, BC, June 2, 2026 –TheNewswire - ABOUND Energy Inc. (“ABOUND” or the “Company”) (CSE:ABND) (FSE: 0E9) announces a consolidation of its issued andoutstanding common shares (the “Common Shares”) on the basis ofthree (3) pre-consolidation Common Shares for one (1)post-consolidation Common Share (the “Consolidation”), subject tothe approval of the Canadian Securities Exchange (the “CSE”). TheConsolidation was approved by the Company’s directors in accordancewith the Company’s Articles.

The proposed share consolidation would result in thenumber of issued and outstanding common shares being reducedfrom 52,278,754 commonshares currently issued and outstanding to approximately 17,426,251post-consolidation common shares, subject to rounding.

No fractional common shares will be issued pursuant tothe Consolidation. Fractional shares of less than one-half (1/2) of acommon share will be cancelled, and fractional shares equal to orgreater than one-half (1/2) of a common share will be rounded up tothe nearest whole common share. No cash consideration will be paid inrespect of fractional shares. The Company will provide additionaldetails regarding the effective date and post-consolidation tradinginformation upon receipt of all necessary approvals.

All outstanding options, warrants, and otherconvertible securities will be adjusted proportionally upon theeffective date of the Consolidation, with the number of underlyingsecurities reduced and exercise prices increased by a factor ofthree.

The Consolidation will not affect shareholders’proportional ownership in the Company, except for minor adjustmentsresulting from fractional share rounding.

About ABOUND Energy Inc.

ABOUND specializes in developing scalable,environmentally friendly, long-lasting energy technology. Our patentedZaeras™ long-duration energy storage technology, leveraging zinc-airchemistry, guarantees the storage and on-demand delivery ofelectricity without the limitations or environmental risks associatedwith current market leaders.

About ABOUND’s Zaeras™Technology

Zaeras™ is precision-engineered to meet future energyrequirements, with a specific emphasis on simplifying long-durationenergy storage. Harnessing the potential of its multi-patentedZaeras™ technology, ABOUND is poised to facilitate the seamlessintegration of green energy sources into the grid. This is achieved byminimizing curtailment, bridging the gap between supply and demand,and efficiently integrating green energy into the grid. ABOUND'sstrategic initiatives encompass opportunities for peak demandreduction, leveraging time-of-use arbitrage, participating in valuestacking programs, and entering the distributed long-duration energystorage sector. These endeavors are aligned with our central objectiveof increasing the integration and resiliency of green energy, whilestabilizing the grid.

Distinguished by its inherent safety—free from fireor explosion hazards—Zaeras™ guarantees sustained capacity over anextensive lifecycle. Simultaneously, it showcases versatility byindependently managing charge and discharge operations. Comparable toother Flow Battery technologies, scaling up the energy capacity ofZaeras™ is as simple as increasing the size of the fuel tank; acost-effective solution, from kWh to MWh. This is a welcomealternative to the fixed power-to-energy ratio constraints ingrainedin traditional systems, such as Li-ion and Zinc HybridBatteries.

To learn more about ABOUND’s technology, pleasevisit: https://Abound.Energy

Jason Birmingham, CEO

Email: Investors@Abound.Energy

Ph: +1 (672) 887-9688

Notice Regarding Forward LookingStatements

This news release may contain certain “forwardlooking statements”. Forward-looking statements involve known andunknown risks, uncertainties, assumptions and other factors that maycause the actual results, performance or achievements of the Companyto be materially different from any future results, performance orachievements expressed or implied by the forward-looking statements.Any forward-looking statement speaks only as of the date of this newsrelease and, except as may be required by applicable securities laws,the Company disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise.

Neither the CSE nor any Market Regulator (as that termis defined in the policies of the CSE) accepts responsibility for theadequacy or accuracy of this release.

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