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Tribe Property Technologies Announces Best Efforts Public Offering of Units

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Base shelf prospectus is accessible, and prospectus supplement will be accessible within two business days, on SEDAR+

VANCOUVER, British Columbia, June 26, 2025 (GLOBE NEWSWIRE) -- Tribe Property Technologies Inc. (TSXV:TRBE) (OTC:TRPTF) ("TRBE" or the "Company"), is pleased to announce a best efforts public offering (the "Offering") of units of the Company (the "Units") at an issue price of $0.45 per Unit for gross proceeds of up to $5,000,000. Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share for a period of 36 months from the date of closing at an exercise price of $0.60 per Common Share, subject to adjustment in certain events.

The Offering will be conducted on a "best efforts" agency basis pursuant to the terms and conditions of an agency agreement to be entered into between the Company and a syndicate of agents (the "Agents") led by Raymond James Ltd.

The Company will grant the Agents an option (the "Agents' Option") to sell up to such number of additional Units as is equal to 15% of the aggregate number of Units sold in the Offering to cover over-allotments, if any. The Agents' Option may be exercised in whole or in part, at the sole discretion of the Agents, upon written notice to the Company at any time up to 30 days following the closing date of the Offering.

The net proceeds from the Offering will be used by the Company for growth initiatives including technology investments and future potential acquisitions, working capital, and for repayments of vendor take-backs. The Offering is expected to close on or about July 7, 2025. Closing of the Offering is subject to customary closing conditions, including but not ...