Pool Safe Inc. Announces Closing of Concurrent Non-Brokered Private Placements of Common Shares and Senior Secured Convertible Debentures for Gross Proceeds of $3 Million

Toronto, Ontario--(Newsfile Corp. - May 4, 2026) - Pool Safe Inc. (TSXV: POOL) ("Pool Safe" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placements, raising aggregate gross proceeds of approximately $3.02 million consisting of: (i) a private placement of common shares of the Company (the "Shares") for gross proceeds of $1,011,550 at a price of $0.30 per Share (the "Equity Offering"); and (ii) a private placement of $2,009,000 principal amount of senior secured convertible debentures of the Company (each, a "Convertible Debenture") at a price of $1,000 per Convertible Debenture (the "Debenture Offering"; together with the Equity Offering, the "Offerings"). In connection with the Debenture Offering, each Convertible Debenture bears interest at a rate of 12% per annum, payable quarterly on the fifth business day of each quarter in cash and will mature on the date that is 36 months from the applicable closing date.