Victory Square Technologies to Launch Share Buyback (NCIB) as Balance Sheet Clears; Announces NAV-Focused Investor Webinar

Vancouver, British Columbia--(Newsfile Corp. - September 22, 2025) - Victory Square Technologies Inc. (CSE: VST) (OTC Pink: VSQTF) (FSE: 6F6) ("Victory Square" or the "Company") today announced its intention to commence a Normal Course Issuer Bid ("NCIB").

Under the NCIB, Victory Square may purchase for cancellation up to 5,000,000 common shares, representing approximately 5% of its issued and outstanding common shares. The NCIB will commence on September 24, 2025, and remain in effect until the earlier of September 23, 2026, or until the maximum number of shares permitted under the NCIB have been purchased. Purchases will be made through the facilities of the CSE and/or other permitted alternative trading systems at prevailing market prices, in accordance with applicable securities laws and CSE policies.

The Company has appointed BMO Nesbitt Burns Inc. to coordinate and facilitate purchases under the NCIB. All shares purchased under the NCIB will be cancelled upon purchase. The Company will fund purchases under the NCIB with cash on hand.

Management believes the NCIB represents a prudent capital allocation strategy that reflects confidence in the Company's portfolio and long-term outlook, while providing an effective mechanism to enhance shareholder value.

2022 Strategic Capital → 2025 Milestone

In 2022, prior to Hydreight Technology Inc.'s ("Hydreight") IPO, Victory Square raised strategic capital to fund infrastructure fueling Hydreight and VSDH. Rather than dilute shareholders while VST's stock was trading below value, management focused on strengthening its core IP and accelerating the growth of its highest-conviction companies.

In early September 2025, the lender exercised an option, originally negotiated in 2022, to convert that capital into Hydreight shares at a 20% discount to market. On September 2, 2025, when Hydreight closed at $3.30, the option price was approximately $2.62 per share. In connection with this conversion, Victory Square transferred 607,057 Hydreight shares to settle the outstanding indebtedness of $1,600,000, together with accrued interest of $2,630.

This financing decision, made in 2022, was a strategic move that fueled Hydreight's rapid growth and created significant long-term value for VST shareholders.

Following this settlement, VST now holds approximately 25,326,124 Hydreight shares valued at ~$122.3 million based on the September 22, 2025 market close of $4.83, with no debt outstanding.