Vancouver, British Columbia – March 30, 2026 – AxiNorth Industries Corp. (“AxiNorth” or the “Company”) is pleased to announce that it has closed its Series “A” non-brokered private placement (the “Offering”), which was oversubscribed, raising gross proceeds of C$300,500.00

The Company has issued an aggregate of 6,010,000 common shares in the capital of the Company (the “Shares”) at a price of C$0.05 per Share.

The Offering was oversubscribed due to strong investor demand and support for AxiNorth’s data centre strategy and growth initiatives within the AI and edge computing sectors.

AxiNorth intends to use the net proceeds from the Offering for purchasing  SuperMicro HDX NVIDIA B300 computer servers for the purpose of colocation revenue.

Branden Haynes, CEO of AxiNorth, commented:

“Closing this oversubscribed financing is a strong vote of confidence in AxiNorth’s vision and execution strategy. As demand for AI infrastructure continues to accelerate, this capital strengthens our ability to advance our data centre footprint and create long-term value for shareholders.”

All securities issued pursuant to the Offering are subject to a statutory hold period in accordance with applicable securities laws.

About AxiNorth Industries

AxiNorth Industries is a technology company focused on meeting the needs of AI and edge computing in the data centre space. The Company is building scalable infrastructure solutions designed to support next-generation AI workloads across Canada.

Branden Haynes
Director and Chief Executive Officer
AxiNorth Industries Corp.
branden.haynes@AxiNorth.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking statements regarding the use of proceeds and the Company’s growth and expansion plans. Forward-looking statements are based on management’s reasonable assumptions and beliefs as of the date of this release. Actual results may differ materially due to risks and uncertainties beyond the Company’s control. AxiNorth disclaims any obligation to update forward-looking statements except as required by applicable law.