Zonetail Announces Amendment of Debentures Terms and Extension Period of Warrants

(TheNewswire)

Toronto, Canada – TheNewswire -April 1, 2026 - (TSXV:ZONE)  - Zonetail Inc.("Zonetail" or the "Company") is pleased toannounce amendment to the terms of a non-brokered private placement ofits Series A 20% secured notes ("Notes") (see press releasedated April 24, 2023 and April 3, 2024, and March 27, 2025). TheCompany closed $203,800 of the Notes with insiders subscribing for$115,500 or 57% of the Offering.

Interest on the Notes is payable in cash on theanniversary of each note. The Company intends to ask the Note Holdersto defer the first, second and third year’s interest (the“Deferred Amount”) on the Note and extend the maturity of theNotes until April 2027. The Deferred Amount will bear interest at 20%per annum.

Included with the Notes, the Company issued 4,076,000warrants (the “Warrants”) with each Warrant exercisable into one(1) common share of the Company for one year from the closing date atan exercise price of $0.05 per warrant. The Company has applied to theTSX Venture Exchange to extend the expiry period of the Warrants foran additional 1 year, to April 2027.

All other terms of the Notes and Warrants remainunchanged.

The issuance of securities to insiders pursuant to theOffering ("Insider Participation") is considered to be arelated party transaction within the meaning of TSXV Policy 5.9 andMultilateral Instrument 61-101 ("MI 61-101"). The Company isrelying on the exemptions from the valuation and minority shareholderapproval requirements of MI 61-101 contained in Sections 5.5(g) and5.7(1)(e) of MI 61-101 in respect of the Insider Participation.

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.

About Zonetail

Zonetail Inc. (TSXV: ZONE) is a mobile platform andmarket network. Our Mission is to provide a state-of-the-art mobileplatform that enables high-rise residents to better manage their homesby connecting people to products, amenities, and services. Our Visionis to build a critical mass of users in the hard-to-reach, high riseresidential vertical, through a unique mobile market network model -providing vital information, products, and services at the tap of ascreen. We are the search engine to optimize your home.

Please visit https://www.zonetail.com.

For more information, please contact:

Mark Holmes

President and CEO

Zonetail Inc.

Telephone: (416) 994-5399

mark@zonetail.com

Legal Disclaimer and Forward-Looking Statements

This press release contains forward-looking statementsthat relate to Zonetail’s current expectations and views of futureevents. In some cases, these forward-looking statements can beidentified by words or phrases such as “may”, “will”,“expect”, “anticipate”, “aim”, “estimate”,“intend”, “plan”, “seek”, “believe”, “potential”,“continue”, “is/are likely to” or the negative of these terms,or other similar expressions intended to identify forward-lookingstatements. Certain matters discussed in this announcement containstatements, estimates and projections about the growth of Zonetail’sbusiness, potential distribution partnerships and/or clients, andrelated business strategy. Such statements, estimates and projectionsmay constitute forward-looking statements within the meaning of thefederal securities laws. Factors or events that could cause our actualresults to differ may emerge from time-to-time. Zonetail undertakes noobligation to publicly update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise. The recipient of this information is cautioned not to placeundue reliance on forward-looking statements. Forward-lookingstatements are based on certain assumptions and analysis made byZonetail in light of its experience and perception of historicaltrends, current conditions and expected future developments and otherfactors Zonetail believes are appropriate, and are subject to risksand uncertainties. Although Zonetail believes that the assumptionsunderlying these statements are reasonable, they may prove to beincorrect. Given these risks, uncertainties and assumptions,prospective purchasers should not place undue reliance on theseforward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES

Copyright (c) 2026 TheNewswire - All rights reserved.