Trail Blazer and Juno Industries Provide Update on Qualifying Transaction

Vancouver, British Columbia--(Newsfile Corp. - September 29, 2026) - Trail Blazer Capital Corp. (TSXV: TBLZ.P) ("Trail Blazer"), a capital pool company listed on the TSX Venture Exchange (the "Exchange" or the "TSXV"), and Juno Industries Inc. ("Juno Industries"), a Canadian defence technology company, are pleased to provide an update with respect to their proposed qualifying transaction (the "Proposed Transaction") and a corporate update regarding Juno Industries' business, as previously disclosed in Trail Blazer's news releases dated March 25, 2026, April 2, 2026, and May 1, 2026, and Juno Industries' news releases dated March 27, 2026, May 1, 2026, and September 16, 2026. Trail Blazer following the completion of the Proposed Transaction is referred to as the "Resulting Issuer".

Transaction Update

Trail Blazer is pleased to report continued progress toward the completion of the Proposed Transaction. Trail Blazer held its annual general and special meeting of shareholders on June 5, 2026, and Juno Industries held its special meeting of shareholders on August 5, 2026, at which the requisite approvals in connection with the Proposed Transaction were obtained. Trail Blazer and Juno Industries are currently finalizing the filing statement in respect of the Proposed Transaction, which is expected to be filed with the TSXV upon receipt of conditional listing approval from the TSXV. Subject to the satisfaction of all remaining conditions, including receipt of all necessary regulatory approvals, Trail Blazer and Juno Industries expect to complete the Proposed Transaction, with the shares of the Resulting Issuer expected to commence trading on the TSXV in October 2026. Trail Blazer and Juno Industries have entered into an Amending Agreement to the Amalgamation Agreement, extending the outside date for the completion of the Proposed Transaction to October 31, 2026.

Juno Industries Business Update

Juno Industries is a Canadian defence technology company that designs, tests, and commercializes military and dual-use products. Juno Industries was established to modernize the Canadian Armed Forces (the "CAF") and allied militaries through intelligence, surveillance, and reconnaissance ("ISR") capability, combining artificial intelligence and sensor systems into advanced situational awareness and threat detection technology.

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