ABOUND Energy Inc. Completes Debt Settlement and Advances Private Placement and Technology Transaction

Richmond, BC, July 16, 2026 — Leads & Copy — ABOUND Energy Inc. (CSE: ABND, FSE: 0E9) announced the completion of its debt settlement, which was previously disclosed on June 30, 2026. Under the terms of the settlement, the company issued 4,375,000 common shares valued at $0.08 per share to extinguish $350,000 in outstanding debt owed to certain creditors.

These newly issued shares are subject to a standard four-month-and-one-day statutory hold period in Canada, along with a concurrent one-year contractual resale restriction. Some company insiders, including directors, officers, and entities they control, participated in the debt settlement, receiving the same number of shares for their portion of the debt.

Following the debt settlement, ABOUND Energy now has 21,801,261 common shares outstanding. The company's participation in this settlement by insiders is considered a related party transaction under Multilateral Instrument 61-101. ABOUND relied on exemptions from formal valuation and minority shareholder approval requirements, as the transaction's fair market value did not exceed 25% of the company's market capitalization at the time of agreement. The settlement did not result in the creation of any new control person.

In addition to the debt settlement, ABOUND is moving forward with two other anticipated transactions. The first is a non-brokered private placement aiming to raise up to $300,000 through the sale of 3,750,000 common shares at $0.08 per share, with an expected closing before the end of July 2026. The second is a technology commercialization and license agreement with H2Si Power Incorporated for the H2Si™ technology. This transaction, also expected to close by the end of July 2026, involves the issuance of up to 5,000,000 common shares.

The H2Si™ technology is designed to generate hydrogen on demand via a silicon-water reaction and is being developed for industrial, mobility, and distributed-energy applications as a modular, point-of-use platform. Both the private placement and the H2Si transaction are contingent on standard closing conditions and acceptance by the CSE. There is no guarantee that these transactions will be completed as anticipated or at all.

ABOUND Energy specializes in developing scalable, eco-friendly, and durable energy technology. Its patented Zaeras™ long-duration energy storage technology utilizes zinc-air chemistry to store and deliver electricity, aiming to address limitations and environmental concerns of existing solutions. The Zaeras™ technology is engineered for precision, focusing on simplifying long-duration energy storage and facilitating the integration of green energy sources by reducing curtailment, managing supply-demand gaps, and enhancing grid integration.

The company's strategic initiatives include peak demand reduction, time-of-use arbitrage, value stacking programs, and entering the distributed long-duration energy storage sector, all aimed at increasing green energy integration and grid resilience. Zaeras™ is noted for its safety, lacking fire or explosion hazards, and is designed for a long operational lifecycle with independent charge and discharge management. Its energy capacity can be scaled by increasing the fuel tank size, offering a cost-effective solution from kWh to MWh, and avoiding the fixed power-to-energy ratio constraints of technologies like Li-ion and Zinc Hybrid Batteries.

Source: ABOUND Energy Inc.