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Crown Capital Announces Approval of Amendments to Convertible Debentures and Default Waiver

CALGARY, ALBERTA, August 11, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that at a special meeting (the “Meeting”) of the holders of its 12% secured subordinated debentures (the “Debentureholders”) due December 31, 2026 (the “Debentures”) held today, the Debentureholders approved an extraordinary resolution (the “Debentureholder Resolution”) that:

  1. authorized and approved the Corporation to enter into an amendment and restatement to the second amended and restated trust indenture dated October 25, 2024 (the “Indenture”) between the Corporation and TSX Trust Company (the “Debenture Trustee”) which will amend the terms of the Debentures (collectively, the “Debenture Amendments”) to: (i) permit the Corporation to sell all of the shares of its wholly-owned subsidiary, Galaxy Broadband Communications Inc., to Calian Group Ltd. (the “Galaxy Transaction”) free of the security interest created by the Indenture notwithstanding that such sale would be a sale of assets of the Corporation not in the ordinary course of business of the Corporation and, accordingly, not permitted under the Indenture; (ii) extend the maturity date of the Debentures from December 31, 2026 to December 31, 2027; (iii) grant the Corporation the option to further extend the maturity date of the Debentures for up to one year to December 31, 2028, provided that: (A) the Corporation pays all outstanding interest on the Debentures as at December 31, 2027; (B) the Corporation pays a fee of 0.1% of the principal amount of the Debentures to the Debentureholders for each month that the maturity date of the Debentures is extended, such fee to be paid concurrently with the interest due on the Debentures as at December 31, 2027; and (C) such option is exercised at least 30 days prior to December 31, 2027 and may only be exercised once; (iv) amend the interest payment dates from occurring annually on December 31 of each year to only at maturity or redemption of the Debentures; (v) prohibit the Corporation from paying any dividends on the common shares of the Corporation (the “Common Shares”) or acquiring any Common Shares by way of an issuer bid while any Debentures remain outstanding; (vi) eliminate the ability of the Corporation to incur Senior Indebtedness (as defined in the form of third amended and restated trust indenture (the “Amended Indenture”) attached as Appendix “B” of the management information circular dated July 8, 2026 (the “Circular”)) following the repayment of the Sandton Indebtedness (as defined in the Circular) and the redemption of the 2025 Debentures (as defined in the Circular), other than $1,000,000 of Senior Indebtedness to be used for general corporate purposes; (vii) remove the requirement that the Corporation use its best efforts to maintain the listing of the Common Shares and the Debentures on the Toronto Stock Exchange; and (viii) eliminate the ability of the Corporation to satisfy interest obligations by issuing and selling its shares through investment bankers under the Indenture; and
  2. waived the default by the Corporation under the Indenture for the failure to pay the outstanding interest on the Debentures from June 30, 2024 to December 31, 2025 (the “Deferred Interest Payment”) on December 31, 2025 (the “Default Waiver”), subject to the requirement that the Corporation pay: (a) the Deferred Interest Payment; and (b) interest on the Debentures from January 1, 2026 to June 30, 2026 (the “June 2026 Interest Payment”), to Debentureholders within 30 days of the completion of the Galaxy Transaction (the “Interest Payment Deadline”).

A description of the Debentureholder Resolution is set out in the Circular available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca.

Debentureholders owning 57.805% of the outstanding Debentures voted. The detailed results of the vote were as follows:

Votes in Favour% in FavourVotes Against% Against
11,528 ($11,528,000 of Debentures)99.715% 33 ($33,000 of Debentures)0.285%

The Debenture Amendments will become effective immediately prior to the closing of the Galaxy Transaction. Management of the Corporation anticipates that the Galaxy Transaction will close in the coming days and will issue a press release once the closing date has been set.

The Deferred Interest Payment and the June 2026 Interest Payment will be made to Debentureholders holding Debentures as of a record date to be set and announced by the Corporation in the coming weeks. No record date or payment date for the Deferred Interest Payment and the June 2026 Interest Payment has been set by the Corporation. In the event that the Deferred Interest Payment and the June 2026 Interest Payment are not made by the Interest Payment Deadline, the Default Waiver will be of no further force or effect.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the Debenture Amendments, the Default Waiver, the Galaxy Transaction, the Deferred Interest Payment and the June 2026 Interest Payment. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Announces Approval of Amendments to Convertible Debentures and Default Waiver2026-08-12T13:11:03-04:00

Crown Capital Provides Bi-Weekly MCTO Default Status Report

CALGARY, ALBERTA, August 11, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) is providing this bi-weekly default status update in accordance with the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders (“NP 12-203”).

As previously announced on June 26, 2026 (the “Default Notice”), the Corporation applied for, and was subsequently granted, a management cease trade order (“MCTO”) by its principal regulator, the Alberta Securities Commission (the “ASC”). The MCTO was issued following the Corporation’s announcement that as a result of delays to its audit, it would experience a delay in filing its audited annual financial statements, the related management’s discussion and analysis (MD&A), the related officer certifications and the annual information form for the 15-month period ended March 31, 2026 (collectively, the “Annual Financial Filings”) by the required deadline of June 29, 2026.

The MCTO restricts the Corporation’s Chief Executive Officer and Chief Financial Officer from trading in the Corporation’s securities until the Annual Financial Filings are made but does not affect the ability of the general investing public to trade in the Corporation’s securities.

The Corporation and its independent auditors are working diligently and cooperatively to complete the audit as rapidly as possible. The expected date of filing the Annual Financial Filings has changed from the original date of on or about August 31, 2026 to on or about September 30, 2026. The change in the expected filing date is due to an increase in the scope of work required to complete the audit compared with previous expectations, as determined by the Corporation’s auditors in the planning phase of the audit after assessing all identified risks.

The Corporation has advised the ASC of this updated timeline and has requested that the MCTO remain in effect until September 30, 2026. As of the date of this announcement, the Corporation’s request is under review by the ASC and there is no certainty that it will be approved.

In accordance with the requirements of NP 12-203, the Corporation confirms that as of the date of this announcement: (i) there have been no material changes to the information previously disclosed regarding the default that have not been generally disclosed; (ii) there has been no failure by the Corporation in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203; (iii) there have been no other specified defaults by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no other material information concerning the affairs of the Corporation that has not been generally disclosed.

The Corporation will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and will issue further bi-weekly default status reports as required until the Annual Financial Filings have been completed and filed.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the estimated filing date of the Corporation’s Annual Financial Filings and satisfaction of the Corporation’s reporting requirements as set out in Section 10 of NP 12-203. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Provides Bi-Weekly MCTO Default Status Report2026-08-12T12:58:43-04:00

Crown Capital Provides Bi-Weekly MCTO Default Status Report

CALGARY, ALBERTA, July 28, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) is providing this bi-weekly default status update in accordance with the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders (“NP 12-203”).

As previously announced on June 26, 2026 (the “Default Notice”), the Corporation applied for, and was subsequently granted, a management cease trade order (“MCTO”) by its principal regulator, the Alberta Securities Commission. The MCTO was issued following the Corporation’s announcement that as a result of delays to its audit, it would experience a delay in filing its audited annual financial statements, the related management’s discussion and analysis (MD&A), the related officer certifications and the annual information form for the 15-month period ended March 31, 2026 (collectively, the “Annual Financial Filings”) by the required deadline of June 29, 2026.

The MCTO restricts the Corporation’s Chief Executive Officer and Chief Financial Officer from trading in the Corporation’s securities until the Annual Financial Filings are made but does not affect the ability of the general investing public to trade in the Corporation’s securities.

The Corporation and its independent auditors are working diligently and cooperatively to complete the audit as rapidly as possible. The Corporation continues to estimate that the Annual Financial Filings will be filed on or about August 31, 2026.

In accordance with the requirements of NP 12-203, the Corporation confirms that as of the date of this announcement: (i) there have been no material changes to the information previously disclosed regarding the default that have not been generally disclosed; (ii) there has been no failure by the Corporation in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203; (iii) there have been no other specified defaults by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no other material information concerning the affairs of the Corporation that has not been generally disclosed.

The Corporation will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and will issue further bi-weekly default status reports as required until the Annual Financial Filings have been completed and filed.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the estimated filing date of the Corporation’s Annual Financial Filings and satisfaction of the Corporation’s reporting requirements as set out in Section 10 of NP 12-203. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Provides Bi-Weekly MCTO Default Status Report2026-08-04T16:40:11-04:00

Crown Capital Provides Bi-Weekly MCTO Default Status Report

CALGARY, ALBERTA, July 14, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) is providing this bi-weekly default status update in accordance with the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders (“NP 12-203”).

As previously announced on June 26, 2026 (the “Default Notice”), the Corporation applied for, and was subsequently granted, a management cease trade order (“MCTO”) by its principal regulator, the Alberta Securities Commission. The MCTO was issued following the Corporation’s announcement that as a result of delays to its audit, it would experience a delay in filing its audited annual financial statements, the related management’s discussion and analysis (MD&A), the related officer certifications and the annual information form for the 15-month period ended March 31, 2026 (collectively, the “Annual Financial Filings”) by the required deadline of June 29, 2026.

The MCTO restricts the Corporation’s Chief Executive Officer and Chief Financial Officer from trading in the Corporation’s securities until the Annual Financial Filings are made but does not affect the ability of the general investing public to trade in the Corporation’s securities.

The Corporation and its independent auditors are working diligently and cooperatively to complete the audit as rapidly as possible. The Corporation continues to estimate that the Annual Financial Filings will be filed on or about August 31, 2026.

In accordance with the requirements of NP 12-203, the Corporation confirms that as of the date of this announcement: (i) there have been no material changes to the information previously disclosed regarding the default that have not been generally disclosed; (ii) there has been no failure by the Corporation in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203; (iii) there have been no other specified defaults by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no other material information concerning the affairs of the Corporation that has not been generally disclosed.

The Corporation will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and will issue further bi-weekly default status reports as required until the Annual Financial Filings have been completed and filed.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the estimated filing date of the Corporation’s Annual Financial Filings and satisfaction of the Corporation’s reporting requirements as set out in Section 10 of NP 12-203. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Provides Bi-Weekly MCTO Default Status Report2026-07-16T10:34:56-04:00

Crown Capital Announces Proposed Debenture Amendments and Default Waiver For 12% Secured Subordinated Debentures

CALGARY, ALBERTA, July 3, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that, further to its news release dated June 25, 2026 announcing the entering into of a share purchase agreement (the “Galaxy Transaction”) to sell all of the issued and outstanding shares (the “Galaxy Shares”) of its subsidiary, Galaxy Broadband Communications Inc. to Calian Group Ltd. (TSX: CGY) (“Calian”), it will seek approval of the holders (the “Debentureholders”) of the Corporation’s 12% Secured Subordinated Debentures (TSX: CRWN.NT) due December 31, 2026 (the “Debentures”) for a resolution (the “Debentureholder Resolution”) at a meeting of the Debentureholders to be held at the offices of the Corporation, 121 King Street West, Suite 840, Toronto, Ontario, on August 11, 2026 at 10:00 a.m. (Eastern Time) (the “Meeting”).

If approved by the Debentureholders at the Meeting, the Debentureholder Resolution would:

    1. authorize and approve certain amendments (the “Debenture Amendments”) to the Corporation’s second amended and restated trust indenture dated October 25, 2024 (the “Indenture”) between the Corporation and TSX Trust Company (the “Debenture Trustee”) and authorize the Debenture Trustee to enter into a third amended and restated trust indenture with the Corporation (the “Amended and Restated Indenture”) to:
      • permit the Corporation to complete the Galaxy Transaction free of the security interest created by the Indenture notwithstanding that the sale of the Galaxy Shares to Calian would be a sale of assets of the Corporation not in the ordinary course of business of the Corporation and, accordingly, not permitted under the Indenture;
      • extend the maturity date of the Debentures from December 31, 2026 to December 31, 2027;
      • grant the Corporation the option to further extend the maturity date of the Debentures for up to one year to December 31, 2028, provided that: (A) the Corporation pays all outstanding interest on the Debentures as at December 31, 2027; (B) the Corporation pays a fee of 0.1% of the principal amount of the Debentures to the Debentureholders for each month that the maturity date of the Debentures is extended, such fee to be paid concurrently with the interest due on the Debentures as at December 31, 2027; and (C) such option is exercised at least 30 days prior to December 31, 2027 and may only be exercised once;
      • amend the interest payment dates from occurring annually on December 31 of each year to only at maturity or redemption of the Debentures;
      • prohibit the Corporation from paying any dividends on the common shares of the Corporation (“Common Shares”) or acquiring any Common Shares by way of an issuer bid while any Debentures remain outstanding;
      • eliminate the ability of the Corporation to incur Senior Indebtedness (as defined in the Amended and Restated Indenture) following the repayment of the senior indebtedness of the Corporation to Sandton Investments IX (Luxembourg) S.A.R.L. (the “Sandton Indebtedness”) and the redemption of the $1,500,000 principal amount of unlisted debentures of the Corporation (the “2025 Debentures”), other than up to $1,000,000 of Senior Indebtedness to be used for general corporate purposes;
      • remove the requirement that the Corporation use its best efforts to maintain the listing of the Common Shares and the Debentures on the Toronto Stock Exchange (“TSX”); and
      • eliminate the ability of the Corporation to satisfy interest obligations by issuing and selling its shares through investment bankers under the Indenture; and.
    2. waive the default by the Corporation under the Indenture for the failure to pay the outstanding interest on the Debentures from June 30, 2024 to December 31, 2025 (the “Deferred Interest Payment”) on December 31, 2025 (the “Default Waiver”), subject to the requirement that the Corporation pay: (a) the Deferred Interest Payment; and (b) interest on the Debentures from January 1, 2026 to June 30, 2026 (the “June 2026 Interest Payment”), to Debentureholders within 30 days of the completion of the Galaxy Transaction (the “Deferred Interest Payment Deadline”). The Deferred Interest Payment and the June 2026 Interest Payment will be made to Debentureholders holding Debentures as of a record date to be set by the Corporation following the effective date of the Debenture Amendments. In the event that the Deferred Interest Payment is not made by the Deferred Interest Payment Deadline, the Default Waiver will be of no further force or effect.

The board of directors of the Corporation believe that the Debenture Amendments and Default Waiver provide the following advantages:

  1. Completion of Galaxy Transaction: The Debenture Amendments will allow the Corporation to complete the Galaxy Transaction. Without the Debenture Amendments, the Corporation will not be able to complete the Galaxy Transaction.
  2. Payment of the Deferred Interest Payment and the June 2026 Interest Payment: If the Galaxy Transaction is completed, the Debentureholders will receive: (a) the Deferred Interest Payment, which will be approximately $161.82 per $1,000 principal amount of Debentures; and (b) the June 2026 Interest Payment, which will be approximately $60.00 per $1,000 principal amount of Debentures.
  3. Payment of Sandton Indebtedness: If the Galaxy Transaction is completed, a large portion of the net proceeds from the Galaxy Transaction will be used to repay the entire amount of the Sandton Indebtedness. This will significantly reduce the amount of the Corporation’s debt that ranks in priority to the Debentures.
  4. Redemption of 2025 Debentures: If the Galaxy Transaction is completed, a portion of the net proceeds from the Galaxy Transaction will be used to redeem the 2025 Debentures in accordance with their terms. This will further reduce the amount of the Corporation’s debt that ranks in priority to the Debentures.
  5. Elimination of Senior Indebtedness: If the Galaxy Transaction is completed, following the repayment of the Sandton Indebtedness and the redemption of the 2025 Debentures, the Corporation will no longer have any Senior Indebtedness ranking in priority to the Debentures. The Debenture Amendments will prohibit the Corporation from incurring any additional Senior Indebtedness in excess of $1,000,000. This will greatly improve the relative security position of the Debentures.
  6. Extension of Maturity Date: The extension of the maturity date, and the option granted to the Corporation to extend the maturity date for an additional year, will afford Debentureholders a longer period of time during which to receive interest at a favourable rate and to potentially receive a fee of 0.1% for each month that the maturity date of the Debentures is extended past December 31, 2027. The extension of the maturity date will also provide the Corporation with additional time to fund the repayment of the Debentures from the proceeds of asset sales or otherwise.
  7. Prohibition of Dividends and Issuer Bids: The removal of the ability of the Corporation to pay dividends on the Common Shares or undertake any issuer bids for Common Shares while any Debentures remain outstanding provides significant incentive for the Corporation to repay the Debentures and ensures that holders of Common Shares will not receive preferential treatment over holders of Debentures.

The effective date of the Debenture Amendments will be the later of: (a) a minimum of five trading days following the approval of the Debentureholder Resolution; and (b) immediately prior to the closing of the Galaxy Transaction once all conditions precedent to the closing of the Galaxy Transaction have been satisfied or waived, other than the release of funds and those relating to the Debenture Amendments. Further particulars of the expected benefits of the Debenture Amendments and Default Waiver are described in the management information circular of the Corporation relating to the Meeting (the “Circular”) and the related meeting materials, which will be made available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca and mailed to the Debentureholders in the coming days.

The Debentureholder Resolution will only be effective if passed by an extraordinary resolution of the holders of at least 66 ⅔% of the principal amount of the Debentures present in person or by proxy at the Meeting and entitled to vote in respect of the Debentureholder Resolution. Management recommends that Debentureholders vote in favor of the Debentureholder Resolution.

The TSX has conditionally approved the Debenture Amendments. The Debenture Amendments remain subject to the final approval of the TSX.

Debentureholders may vote on or before 10:00 a.m. (Eastern Time) on August 7, 2026 by following the voting instructions set out in the Circular. Only Debentureholders of record at the close of business on July 8, 2026 will be entitled to vote at the Meeting.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the Debenture Amendments, the Default Waiver, the expected timing and completion of the Galaxy Transaction, the use of proceeds of the Galaxy Transaction, the anticipated payment of the Deferred Interest Payment and the June 2026 Interest Payment, the benefits of the Debenture Amendments and the Default Waiver and the receipt of Debentureholder approval. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Announces Proposed Debenture Amendments and Default Waiver For 12% Secured Subordinated Debentures2026-07-06T11:31:32-04:00

Crown Capital Announces Issuance of Management Cease Trade Order

CALGARY, ALBERTA, July 2, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) announces that, further to its press release dated June 26, 2026, the Alberta Securities Commission (the “ASC”), as its primary regulator, has officially issued a Management Cease Trade Order (“MCTO”) in respect of the Corporation’s Chief Executive Officer and Chief Financial Officer.

The MCTO was issued on June 30, 2026 under National Policy 12-203 Management Cease Trade Orders (“NP 12-203”) following the Corporation’s application due to a delay in filing its audited annual financial statements, the related management’s discussion and analysis (MD&A), the related officer certifications and the annual information form for the 15-month period ended March 31, 2026 (collectively, the “Annual Financial Filings”), which were required to be filed by June 29, 2026.

The MCTO restricts the Chief Executive Officer and Chief Financial Officer of the Corporation from trading in the Corporation’s securities for as long as the Annual Financial Filings remain outstanding. The issuance of the MCTO does not affect the ability of other shareholders to trade in the Corporation’s public securities.

The Corporation’s management confirm that it is working expeditiously to complete the Annual Financial Filings and currently estimates that they will be filed on or about August 31, 2026.

The Corporation intends to satisfy the provisions of the alternative information guidelines set out in NP 12-203, including the requirement to issue bi-weekly default status reports in the form of further press releases, until the Annual Financial Filings are completed. The Corporation confirms that there are no material changes or other specified defaults that have not been generally disclosed.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the estimated filing date of the Corporation’s Annual Financial Filings and satisfaction of the Corporation’s reporting requirements as set out in Section 10 of NP 12-203. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Announces Issuance of Management Cease Trade Order2026-07-06T11:21:56-04:00

Crown Capital Announces Anticipated Delay in Annual Filings and Application for Management Cease Trade Order

REVISED VERSION

Editor’s Note: This press release revises the version issued on June 17, 2026 to include certain other required information, including additional comments re: the expected date of filing the Corporation’s Annual Financial Filings.

Crown Capital Announces Anticipated Delay in Annual Filings and Application for Management Cease Trade Order

CALGARY, ALBERTA, June 26, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) announces today that as a result of delays to its audit, the Company’s audited annual financial statements, the related management’s discussion and analysis (MD&A), the related officer certifications, and the annual information form for the 15-month period ended March 31, 2026 (collectively, the “Annual Financial Filings”), are not expected to be finalized by June 29, 2026, being the date that such filings are due under National Instrument 51-102 – Continuous Disclosure Obligations. The Corporation currently estimates that the Annual Financial Filings will be filed on or about August 31, 2026.

Reason for the Delay

The expected delay is due to the late appointment of an independent auditor to succeed KPMG LLP, which resigned as auditor of Crown at the request of the Corporation effective October 14, 2025.  Effective June 16, 2026, a successor auditor has been engaged to perform an audit of Crown’s consolidated financial statements for the 15-month period ended March 31, 2026.

The Corporation and its independent auditors are working diligently and cooperatively to complete the audit as rapidly as possible. The successor auditor anticipates a filing date of August 31, 2026 based on its budget for the number of hours required to complete the audit and their current staffing availability. The Corporation has dedicated staff available to assist the auditors throughout the audit process and does not anticipate any delays in providing them with required information on a timely basis.

Application for a Management Cease Trade Order

In light of the anticipated delay, the Corporation has applied to its principal regulator, the Alberta Securities Commission (the “ASC”), for a Management Cease Trade Order (“MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). The granting of the MCTO is at the discretion of the ASC and there can be no guarantee or assurance that the MCTO will be granted.

If granted, the MCTO will restrict trading in the Corporation’s securities by the Chief Executive Officer and the Chief Financial Officer of the Company. The issuance of an MCTO will generally not affect the ability of the general public to trade the securities of the Corporation on the Toronto Stock Exchange.

If the application is denied, the Corporation’s failure to file the Annual Financial Filings by the Filing Deadline could result in the issuance of a general public Cease Trade Order (CTO) by the ASC, which would halt all trading of the Corporation’s securities.

Alternative Information Guidelines

The Corporation confirms that it intends to satisfy the provisions of the “alternative information guidelines” set out in Section 10 of NP 12-203. This includes issuing bi-weekly status update news releases every 14 days following the default until the Annual Financial Filings are successfully filed.

The Corporation further confirms that it is not involved in any insolvency proceedings and that there is no material information concerning the affairs of the Corporation that has not been generally disclosed other than in respect of a management information circular containing (i) details of matters to be discussed at an upcoming meeting of the holders of its outstanding 12% Senior Secured Debentures and (ii) details of its agreement to sell its shares of Galaxy Broadband Communications Inc. to Calian Group Ltd., as announced in the Corporation’s press release issued on June 25, 2026 and which Crown expects to file and mail in the coming days.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the estimated filing date of the Corporation’s Annual Financial Filings, satisfaction of the Corporation’s reporting requirements as set out in Section 10 of NP 12-203, the issuance of an MCTO or a CTO to the Corporation and the expected timing of the filing and mailing of a management information circular. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Announces Anticipated Delay in Annual Filings and Application for Management Cease Trade Order2026-06-27T02:49:20-04:00

Crown Capital Announces Agreement to Sell Galaxy Broadband Communications to Calian

CALGARY, ALBERTA, June 25, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it has entered into a share purchase agreement (the “Galaxy Transaction”) to sell all of the issued and outstanding shares of its subsidiary, Galaxy Broadband Communications Inc. (“Galaxy”), to Calian Group Ltd. (TSX: CGY) (“Calian”). Galaxy is a Canadian leader in satellite communications and remote connectivity solutions. Completion of the Galaxy Transaction is subject to the satisfaction of certain conditions, including the approval of the holders of Crown’s outstanding 12% Senior Secured Debentures (TSX: CRWN.NT) (the “Debentureholders”), as described below.

Transaction Terms

Under the terms of the share purchase agreement, total consideration payable to Crown and its subsidiaries is up to $51.5 million, comprised of:

  • $24.0 million payable in cash at closing, subject to a 1 year, 10% holdback to deal with post closing adjustments if any; and
  • up to an additional $27.5 million in consideration payable over the three years following closing subject to the financial performance of Galaxy.

The Galaxy Transaction is expected to close in August 2026, subject to the satisfaction or waiver of customary closing conditions and the approval of Crown’s Debentureholders. There can be no assurance that the Galaxy Transaction will be completed on the terms described herein, or at all.

About Galaxy Broadband

Founded by Rick Hodgkinson, one of Canada’s satellite pioneers, Galaxy Broadband delivers secure and resilient communications and connectivity solutions to government, defense, critical infrastructure and remote community customers across Canada. Galaxy is a recognized provider of low Earth orbit (LEO) satellite, private wireless and multi-orbit connectivity solutions, supporting organizations operating in some of Canada’s most remote and challenging environments, including Northern Canada.

Management Commentary

“The sale of Galaxy Broadband to Calian represents an important step in our previously announced strategy to realize value from Crown’s assets and strengthen the Corporation’s financial position,” said Chris Johnson, President and Chief Executive Officer of Crown. “Calian is a strong, well-capitalized acquirer whose space and defense focus is an excellent fit for Galaxy’s team, customers and capabilities. We believe this transaction delivers a compelling outcome for our stakeholders, and we look forward to seeking the support of our Debentureholders as we move toward completion.”

Debentureholder Approval and Meeting

Completion of the Galaxy Transaction is conditional upon, among other things, the approval of Crown’s Debentureholders. Crown intends to seek that approval at a meeting of Debentureholders (the “Meeting”) to be called for that purpose.

In connection with the Meeting, Crown intends to prepare and file a management information circular (the “Circular”) containing details of the Galaxy Transaction and the matters to be considered at the Meeting. Crown expects to file and mail the Circular in the coming days, with the Meeting expected to be held by the end of August 2026. Further details regarding the Meeting, including the record date and voting procedures, will be set out in the Circular and accompanying materials when they are made available. This news release does not constitute a solicitation of any vote or approval.

Use of Proceeds

Crown intends to apply the net proceeds of the Galaxy Transaction to the repayment of its senior credit facility and senior subordinated debentures, to pay the interest which was due on December 31, 2025 on its Debentures, and to fund other obligations of the Corporation. The additional consideration payable in future years, together with activities to maximize the value of remaining assets, is expected to provide liquidity to satisfy other obligations of the Corporation and to realize value for shareholders.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the expected timing and completion of the Galaxy Transaction, the receipt of Debentureholder approval, regulatory and other approvals, the timing for filing and mailing of the Circular and holding of the Meeting, the amount and timing of consideration to be received, the use of proceeds, and the Corporation’s strategy, liquidity and restructuring objectives. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Announces Agreement to Sell Galaxy Broadband Communications to Calian2026-06-27T02:47:24-04:00

Crown Capital Announces Closing of Go Direct Sale Transaction

CALGARY, ALBERTA, May 14 , 2026 – As previously disclosed, on April 6, 2026, Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) entered into an agreement to sell the assets and business of its wholly-owned subsidiary, Go Direct Global Inc. (“Go Direct”) to an employee-led group, subject to certain conditions (the “GD Transaction”).

We are pleased to report that the GD Transaction closed effective today, May 14, 2026. Total consideration to be received by Crown and its subsidiaries in relation to the GD Transaction is $10.0 million, subject to customary closing adjustments, including $7.5 million of cash received at closing plus $2.5 million to be received over the subsequent 25 months.

Of the cash proceeds received at closing from the GD Transaction, $7.3 million was applied as partial repayment of Crown’s senior secured credit facility, including payment of the installment due on March 31, 2026. With this repayment, Crown has complied with the terms of the forbearance agreement signed on April 6, 2026 in respect of its senior secured credit facility and is no longer in default under this facility. Following this partial loan repayment, the remaining balance outstanding on this credit facility is approximately $8.7 million.

The assets and business of Go Direct were sold to a private company controlled by Chris Johnson, President, CEO and director of Crown, and co-owned by other members of the senior management team of Go Direct. There was no change in the issued and outstanding securities of the Corporation as a result of the GD Transaction. To the knowledge of the officers and directors of Crown, there are no prior valuations in respect of Crown that relate to Go Direct or that are otherwise relevant to the GD Transaction.

The GD Transaction is a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as the sale was to insiders of Crown. Crown is exempt from the requirement to obtain a formal valuation for the GD Transaction and to obtain minority approval for the GD Transaction due to the fact that Crown is in “financial hardship” as contemplated by Section 5.5(g) of MI 61-101. Specifically, (i) Crown is in serious financial difficulty, (ii) the GD Transaction is designed to improve Crown’s financial position, (iii) Crown has one or more independent directors in respect of the GD Transaction, and (iv) Crown’s board of directors, acting in good faith, determined that the terms of the GD Transaction are reasonable given Crown’s current circumstances.

Four of the five directors of Crown (i.e., directors other than Mr. Johnson) are independent of the GD Transaction. Mr. Johnson did not participate in the decision to approve the GD Transaction on behalf of the Corporation. In reviewing the proposed transaction, the independent directors considered the valuation of the purchase offer relative to comparable transactions and to the Corporation’s investment in Go Direct and undertook negotiations that achieved a superior result for Crown than had originally been offered by the buying group. The independent directors unanimously concluded that the GD Transaction is in the best interests of the Corporation and that it is a timely and important step to augment its liquidity and to reduce its outstanding senior indebtedness.

The material change report with respect to the GD Transaction is being filed concurrently with this press release. The material change report was not filed less than 21 days prior to the closing of the GD Transaction because the closing of the GD Transaction was not sufficiently certain to constitute a “material change” in the affairs of Crown until today.

Crown continues to advance the sale of other assets with anticipated closing dates in 2026. Progress towards binding agreements and details of closing will be announced as such information becomes available. There is no assurance that such transactions will be consummated in the form agreed to, or at all.

Following completion of these sales, Crown will continue to own significant assets. The board of directors of Crown has charged management with developing a restructuring plan which will reduce corporate overhead and permit value maximization of the remaining assets. The priority is to generate funds to satisfy the debt obligations of the Corporation and then to maximize value available to shareholders. Details of such plan will be made available when approved.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the closing of divestiture transactions, the repayment of debt, the use of proceeds from divestitures and the development of corporate restructuring plans. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Announces Closing of Go Direct Sale Transaction2026-05-19T14:40:43-04:00

Crown Capital Announces Progress in Addressing Liquidity Issues

CALGARY, ALBERTA, April 7, 2026 – As previously disclosed, Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) has commenced steps to augment its liquidity and to reduce its outstanding senior indebtedness. We are pleased to provide stakeholders with an update on progress to this point:

  • On March 11, 2026, Crown completed the sale of a real estate asset in London, Ontario held by PenEquity Realty Corporation, an investment accounted for as an associate, netting proceeds of $3.4 million, against a nil carrying value.
  • Crown has entered into an agreement to sell the assets and business of its subsidiary Go Direct Global Inc. to an employee-led group with an expected closing date in April 2026. Anticipated proceeds from this sale, subject to customary closing adjustments, are $10.0 million, payable as to $7.5 million on closing and the remainder over the subsequent 25 months. The completion of the sale remains subject to a number of conditions and there can be no assurance that the sale will close on the foregoing terms or at all. If completed, the sale will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as the sale will be to insiders of Crown. Due to the fact that Crown is experiencing financial hardship, as defined in Section 5.5(g) of MI 61-101, Crown is exempt from the requirement to obtain a formal valuation with respect to the sale and to obtain minority approval for the sale in accordance with the requirements of MI 61-101.
  • Crown continues to advance the sale of other assets with anticipated closing dates in Q2 2026. Progress towards binding agreements and details of closing will be announced as such information becomes available. There is no assurance that such transactions will be consummated in the form agreed to, or at all.

Proceeds from the above-noted transactions will be used firstly to repay Crown’s senior secured credit facility, including the installment due on March 31, 2026, and thereafter to meet corporate obligations. Following the anticipated installment payment, the remaining balance outstanding on Crown’s senior secured credit facility would be approximately $7.2 million.

The terms of Crown’s senior secured credit facility include a requirement to repay an aggregate principal amount of at least $10.0 million on or before March 31, 2026, of which $3.2 million has been repaid to date. In order to provide Crown with additional time to make the required principal repayment, effective as of today’s date, Crown and its senior lender have entered a forbearance agreement through which the senior lender has agreed to forbear from exercising its rights and remedies in respect of Crown’s senior secured credit facility until April 30, 2026.

Following completion of these sales, Crown will continue to own significant assets. The board of directors of Crown has charged management with developing a restructuring plan which will reduce corporate overhead and permit value maximization of the remaining assets. Details of such plan will be made available when approved.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the closing of divestiture transactions, the repayment of debt, the use of proceeds from divestitures and the development of corporate restructuring plans. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Michael Overvelde
Chief Financial Officer
investor.relations@crowncapital.ca
(416) 640-6887

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Crown Capital Announces Progress in Addressing Liquidity Issues2026-04-08T18:25:09-04:00