Prime Drink Group Announces Subscription Receipt Financing and Closing of Second Tranche of Private Placement of Units

For best results when printing this announcement, please click on link below: Prime Drink Group Announces Subscription Receipt Financing and Closing of Second Tranche of Private Placement of Units Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces the launch of a proposed private placement financing of subscription receipts for maximum aggregate gross proceeds of CA$4.0 million (the “Financing”) and that it has received a CA$2.5 million lead order from an institutional investor in connection with the Financing.

Each subscription receipt will entitle the holder thereof, upon satisfaction of the Escrow Release Conditions (as defined below), and without payment of any additional consideration or further action on the part of the holder, to receive one common share of the Company (a “Common Share”) at a deemed price of CA$0.10 per Common Share, and one common share purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of CA$0.11 per Common Share for a period of two (2) years following the date of issuance.

Upon closing of the Financing and receipt of the funds, the gross proceeds of the Financing will be deposited and held in escrow pending the satisfaction of certain escrow release conditions, including the completion of the Company’s proposed acquisition of Prime Capital Investments Inc. and the completion of the strategic partnership with 9435-7639 Québec Inc., doing business as GefCo, a company forming part of Les Entreprises du Groupe Geloso, which were previously announced by the Company on August 26 and August 27, 2026, respectively (collectively, the “Escrow Release Conditions”).

Upon satisfaction of the Escrow Release Conditions, the net proceeds of the Financing will be released to the Company and each subscription receipt will automatically be converted into one Common Share and one Warrant in accordance with its terms. In connection with the Financing, the Company may pay a finder’s fee to eligible finders in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the “CSE”). The Financing will be completed in reliance on applicable prospectus exemptions under Canadian securities laws.

The securities issued in connection with the Financing will be subject to restrictions on resale in Canada for a period of four months and one day from the applicable date of issuance. The proceeds from the Financing will be used to satisfy a portion of the cash consideration payable in connection with the acquisition of Prime Capital Investments Inc. and for general working capital purposes. The Financing remains subject to applicable regulatory approval, including the approval of the CSE.

Second Closing of Private Placement of Units The Company announces a second closing of its previously announced non-brokered private placement offering of units of the Company (the “Unit Offering”) for gross proceeds of $200,000. In connection with the second closing, the Company issued 4,000,000 Common Shares and 4,000,000 Warrants. Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.10 per share for a period of two (2) years from the date of issuance.

The securities underlying the units issued pursuant to the Unit Offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The Unit Offering is subject to the final approval of the CSE and any other applicable regulatory approvals. The Company intends to allocate the net proceeds of the Unit Offering to general working capital purposes. The Company will not pay any finder’s fees in connection with the second closing of the Unit Offering.

Insiders of the Company purchased an aggregate of 1,200,000 Common Shares and 1,200,000 Warrants of the Unit Offering for gross proceeds of $60,000. The participation by such insiders in the Unit Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

Such transaction is exempt from the minority approval and formal valuation requirements pursuant to the exemptions contained in Sections 5.5(a) and 5.7(1) of MI 61-101, as neither the fair market value of the Units nor the consideration for the Units paid by such interested parties, exceeded 25% of the Company’s market capitalization. The Company further announces that it has extended the deadline for its Unit Offering by an additional 30 days, on the same terms and conditions as those disclosed in its press release dated August 26, 2026.

Board Resignation The Company announces that Alexandre Côté has resigned as a member of the Board of Directors, effective October 6, 2026. The Board would like to thank Mr. Côté for his contributions over the years and wishes him all the best in his future endeavours. About Prime Drink Group Prime Drink Group Corp (CSE: PRME) is a Québec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media and hospitality sectors.

This News Release Does Not Constitute An Offer To Sell Or A Solicitation Of An Offer To Buy Any Of The Securities Within The United States, And The Securities May Not Be Offered Or Sold In The United States, Or To Or For The Account Or Benefit Of Any Person In The United States Or Any U.s. Person, Unless Registered Under The U.s. Securities Act And Applicable U.s. State Securities Laws, Or Pursuant To An Exemption From Such Registration Requirements.

There Shall Be No Offer Or Sale Of These Securities In Any Jurisdiction In Which Such Offer, Solicitation Or Sale Would Be Unlawful Absent Registration Or Qualification Of Such Securities Under The Laws Of Any Such Jurisdiction. “united States” And “u.s. Person” Are As Defined In Regulation S Under The U.s. Securities Act.

Forward-Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations (including negative and grammatical variations) of such words and phrases or statements that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.

Forward-looking information in this press release may include, without limitation, statements relating to: (i) the satisfaction of conditions precedent to the closing of the Subscription Receipts, (ii) the receipt of all necessary approvals, and (iii) the completion of the Financing. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the beverage industry, the ability of the Company to raise capital on acceptable terms, reliance on personnel, the receipt of all regulatory, corporate, and shareholder approvals, market conditions, general economic factors, and the equity markets generally.

Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of Prime may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Prime believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct.

Except as required by law, Prime disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. View source version on.com: For further information: Jean Gosselin, CFO Phone: (514) 394-7717 Email: info@prime-group.ca (mailto:info@prime-group.ca)