Eguana Provides Bi-Weekly Update on Filing of Annual Financial Statements

Calgary, Alberta--(Newsfile Corp. - June 19, 2025) - Eguana Technologies Inc. (TSXV: EGT) (OTC Pink: EGTYF) ("Eguana" or the "Company"), a leading developer and manufacturer of high-performance energy storage systems, provides an update with respect to the management cease trade order ("MCTO") in connection with the Company's filing of its audited annual financial statements and management discussion and analysis for the financial year ended December 31, 2024, and the applicable CEO and CFO certifications (collectively the "Annual Filings"). The Company also announces that the Alberta Securities Commission (the "Commission") has granted an extension to the existing MCTO from June 20, 2025 to June 30, 2025.

Further to the Company's news release dated April 23, 2025 (the "Announcement"), the Company's principal regulator, the Commission granted the MCTO on May 6, 2025, under National Policy 12-203 - Management Cease Trader Orders ("NP 12-203"). Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer of the Company may not trade in securities of the Company until such time as the Company files the Annual Filings and the Commission revokes the MCTO. During this period, the Company will not execute any share buy-back activities under a normal course issuer bid, and has undertaken not to, directly or indirectly, issue or acquire securities from an insider or employee of the Company. The MCTO does not affect the ability of shareholders to trade their securities.

On May 29, 2025, the Commission granted the Company an extension to the existing MCTO until June 20, 2025 and on June 12, 2025 the Commission granted a further extension until June 30, 2025 (the "Extensions"). The Company requested the Extensions due delays experienced by the Company and its auditors, which have taken longer to resolve than originally anticipated, including resource constraints of the parties, and auditing complexities of the Company's liquidation of its German subsidiary and inventory discrepancies by a third-party vendor. The Company and its auditors continue to make progress in preparing the Annual Filings. The Company also anticipates filing its first quarter unaudited consolidated financial statements and management discussion and analysis, for the three months ended March 31, 2025, soon after the Annual Filings. The Company has also been working towards the hiring of an interim chief financial officer and this is expected to be completed, and announced shortly.