Vertiqal Studios Provides Notice of Default

Toronto, Ontario--(Newsfile Corp. - March 24, 2026) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or the "Company") announces that it anticipates being late in filing its audited annual financial statements (the "Annual Financial Statements"), management discussion and analysis ("MD&A") and certificates of the Chief Executive Officer and Chief Financial Officer (collectively, the "Filings") for the year ended December 31, 2025, by the prescribed deadline of March 31, 2026. On September 2, 2025, the Company announced the acquisition of certain assets and entities from Enthusiast Gaming Holdings Inc. The delay in filing the Filings is due to the complexity of the valuation of these assets and entities and the fact that the Company's auditors have engaged a new partner and team to lead the audit.