Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Carrier Connect Data Solutions Inc. (TSXV: CCDS) (OTCQB: CCDSF) (WKN: A40XB1) (the "Company" or "Carrier") is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of the principal business assets comprising the data center operation located in Saint John (the "Saint John Data Centre Assets") from Carbon60 Operating Co. Ltd. ("Carbon60"), a provider of professional and managed services across multiple cloud platforms.

In connection with the Acquisition, the Company, through its wholly owned subsidiary PureColo Inc., entered into an asset purchase agreement (the "Asset Purchase Agreement") dated February 27, 2026 with Carbon60. Pursuant to the terms of the Asset Purchase Agreement, the Company acquired the Saint John Data Centre Assets. In consideration for the Acquisition, the Company paid an aggregate of $1,600,000 in cash to Carbon60, with an additional $150,000 payable three months following the closing date, subject to customary adjustments for liabilities or payables incurred.

No finder's fees have been paid by either the Company or Carbon60 in connection with the Acquisition.

Mark Binns, Chief Executive Officer of Carrier, commented, "We are very pleased to expand the Carrier Connect portfolio of data centers to New Brunswick giving us national coverage from Vancouver to Ontario and into Atlantic Canada. With 5 data centers under management now, we can give our customers more choice for location than ever, and increased scale also allows us to drive further efficiencies in delivering co-location data center services."

About Carrier Connect Data Solutions Inc.

Carrier's mission is to roll up Tier II/III data centers internationally that specialize in delivering co-location and data center solutions to AI companies, service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. As a carrier-neutral organization, Carrier's systems are fully independent and owned outright within its leased space. The current principal markets for the Company are Vancouver, Ottawa and Saint John, Canada and Perth, Australia, where it serves clients who use its facilities either as their primary data center or as an ancillary site depending on their needs.

ON BEHALF OF THE BOARD OF DIRECTORS

"Mark Binns"
Mark Binns, CEO

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Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements include, but are not limited to, statements with respect to the payment of the holdback amount and the Company's future plans and intentions. Such forward-looking statements or information are provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future.

Forward-looking statements or information are based on a number of factors and assumptions that have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.

Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, reliance on key management and other personnel, and the risk factors with respect to the Company set out in the Company's filings with the Canadian securities regulators and available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

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