AXCAP Announces Automatic Conversion of Special Warrants

Prospectus Supplement Available on SEDAR+

VANCOUVER, BC / ACCESS Newswire / April 25, 2025 / AXCAP VENTURES INC. (CSE:AXCP) (the "Company") is pleased to announce that it has filed a prospectus supplement dated April 23, 2025 (the "Prospectus Supplement") to its short form base shelf prospectus dated April 16, 2025 (the "Shelf Prospectus") to qualify the distribution of securities underlying 7,990,000 special warrants (the "Special Warrants") issued by the Company in two tranches on each of December 27, 2024 and February 3, 2025 (collectively, the "Offering").

The Prospectus Supplement qualifies the distribution of 7,990,000 common shares (each a "Common Share") and 7,990,000 common share purchase warrants (each a "Warrant") comprising the units of the Company issuable on the exercise or deemed exercise of the Special Warrants in the Provinces of British Columbia, Alberta, and Ontario. Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.20 until 4:00 p.m. (Pacific Time) on the date that is five years following the closing date of the Offering.

The Special Warrants will be deemed to be converted into Common Shares and Warrants on April 28, 2025. No action is required on the part of any holder of Special Warrants to convert their Special Warrants into underlying securities.

The qualification rights of holders of Special Warrants are further described in the Prospectus Supplement and the Shelf Prospectus, which can be found under the Company's profile on SEDAR+ at www.sedarplus.ca.

Access to the Shelf Prospectus and the Prospectus Supplement, and any amendment to the documents, is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus Supplement, the corresponding Shelf Prospectus and any amendment to the documents may be obtained, without charge, from the Company at 488-1090 West Georgia St., Vancouver, British Columbia, V6E 3V7, Canada or by email at [e-mail] and by providing the contact with an email address or address, as applicable.