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NOTE 1 - ORGANIZATION AND NATURE OF OPERATIONS StimCell Energetics Inc. (“StimCell” or the “Company”) was incorporated under the laws of the State of Nevada. On April 26, 2016, the Company formed a subsidiary, Cell MedX (Canada) Corp. (“Cell MedX Canada” or the “Subsidiary”), under the laws of the Province of British Columbia. StimCell is a biotech company focusing on the discovery, development and commercialization of therapeutic and non-therapeutic products that promote general wellness. Unaudited Interim Financial Statements The unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”). They do not include all the information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statements for the year ended May 31, 2026, included in the Company’s Annual Report on Form 10-K, filed with the SEC on August 31, 2026. The interim unaudited condensed consolidated financial statements for the three months ended August 31, 2026, should be read in conjunction with those audited consolidated financial statements included in Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended August 31, 2026, are not necessarily indicative of the results that may be expected for the year ending May 31, 2027. Going concern The accompanying unaudited condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. As of August 31, 2026, the Company had cash of $6,883, a working capital deficit of $1,971,527 and an accumulated deficit of $11,926,449. The Company incurred a net loss of $169,518 and used $108,995 in operating activities during the three months ended August 31, 2026. These conditions, together with the Company’s dependence on additional financing to meet its obligations, raise substantial doubt about its ability to continue as a going concern within one year after the date these interim consolidated financial statements are issued. Management plans to seek additional debt or equity financing, including financing from related parties. There can be no assurance that sufficient financing will be available. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Earnings (Loss) Per Share Basic and diluted loss per share are computed in accordance with ASC 260. Basic loss per share is calculated by dividing net loss attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution from common share equivalents (e.g., warrants) using the treasury stock method. For the three months ended August 31, 2026, the Company did not have any warrants outstanding; for the comparative period ended August 31, 2025, the effect of such instruments was anti-dilutive, and therefore diluted loss per share was the same as basic loss per share. The following table presents the calculation of the loss per share: <table style="border-collapse:collapse;width:99%"><tr><td style="width:56.04%;border-top:0.5pt solid #000000" valign="bottom"> </td><td colspan="5" style="width:43.96%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Three months ended August 31, </td></tr> <tr style="height:11.3pt"><td style="width:56.04%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:20.6%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">2026 </td><td style="width:3.26%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:20.1%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">2025 </td></tr> <tr><td style="background-color:#DBE5F1;width:56.04%;border-top:0.5pt solid #000000" valign="top">Net loss attributable to common shareholders </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.8%;border-top:0.5pt solid #000000" valign="bottom">(169,518) </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.34%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.76%;border-top:0.5pt solid #000000" valign="bottom">(265,602) </td></tr> <tr><td style="width:56.04%;border-bottom:0.5pt solid #000000" valign="top">Weighted-average common shares outstanding </td><td style="width:3.8%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:16.8%;border-bottom:0.5pt solid #000000" valign="bottom">21,141,272 </td><td style="width:3.26%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:3.34%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:16.76%;border-bottom:0.5pt solid #000000" valign="bottom">20,319,261 </td></tr> <tr><td style="background-color:#DBE5F1;width:56.04%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">Loss per common share (basic and diluted) </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.8%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(0.01) </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.34%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.76%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(0.01) </td></tr> </table>

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Earnings (Loss) Per Share Basic and diluted loss per share are computed in accordance with ASC 260. Basic loss per share is calculated by dividing net loss attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution from common share equivalents (e.g., warrants) using the treasury stock method. For the three months ended August 31, 2026, the Company did not have any warrants outstanding; for the comparative period ended August 31, 2025, the effect of such instruments was anti-dilutive, and therefore diluted loss per share was the same as basic loss per share. The following table presents the calculation of the loss per share: <table style="border-collapse:collapse;width:99%"><tr><td style="width:56.04%;border-top:0.5pt solid #000000" valign="bottom"> </td><td colspan="5" style="width:43.96%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Three months ended August 31, </td></tr> <tr style="height:11.3pt"><td style="width:56.04%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:20.6%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">2026 </td><td style="width:3.26%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:20.1%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">2025 </td></tr> <tr><td style="background-color:#DBE5F1;width:56.04%;border-top:0.5pt solid #000000" valign="top">Net loss attributable to common shareholders </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.8%;border-top:0.5pt solid #000000" valign="bottom">(169,518) </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.34%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.76%;border-top:0.5pt solid #000000" valign="bottom">(265,602) </td></tr> <tr><td style="width:56.04%;border-bottom:0.5pt solid #000000" valign="top">Weighted-average common shares outstanding </td><td style="width:3.8%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:16.8%;border-bottom:0.5pt solid #000000" valign="bottom">21,141,272 </td><td style="width:3.26%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:3.34%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:16.76%;border-bottom:0.5pt solid #000000" valign="bottom">20,319,261 </td></tr> <tr><td style="background-color:#DBE5F1;width:56.04%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">Loss per common share (basic and diluted) </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.8%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(0.01) </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.34%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.76%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(0.01) </td></tr> </table>

<table style="border-collapse:collapse;width:99%"><tr><td style="width:56.04%;border-top:0.5pt solid #000000" valign="bottom"> </td><td colspan="5" style="width:43.96%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Three months ended August 31, </td></tr> <tr style="height:11.3pt"><td style="width:56.04%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:20.6%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">2026 </td><td style="width:3.26%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:20.1%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">2025 </td></tr> <tr><td style="background-color:#DBE5F1;width:56.04%;border-top:0.5pt solid #000000" valign="top">Net loss attributable to common shareholders </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.8%;border-top:0.5pt solid #000000" valign="bottom">(169,518) </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.34%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.76%;border-top:0.5pt solid #000000" valign="bottom">(265,602) </td></tr> <tr><td style="width:56.04%;border-bottom:0.5pt solid #000000" valign="top">Weighted-average common shares outstanding </td><td style="width:3.8%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:16.8%;border-bottom:0.5pt solid #000000" valign="bottom">21,141,272 </td><td style="width:3.26%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:3.34%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="width:16.76%;border-bottom:0.5pt solid #000000" valign="bottom">20,319,261 </td></tr> <tr><td style="background-color:#DBE5F1;width:56.04%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">Loss per common share (basic and diluted) </td><td style="background-color:#DBE5F1;width:3.8%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.8%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(0.01) </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.34%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:16.76%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(0.01) </td></tr> </table>

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-0.01

NOTE 2 - RELATED PARTY TRANSACTIONS Amounts due to related parties, other than advances and notes payable to related parties (Note 3) at August 31, 2026, and at May 31, 2026: <table style="border-collapse:collapse;width:103.74%"><tr><td style="width:62.08%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"></td><td colspan="2" style="width:19.74%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">August 31, 2026 </td><td style="width:3.22%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"> </td><td colspan="2" style="width:14.96%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">May 31, 2026 </td></tr> <tr><td style="background-color:#DBE5F1;width:62.08%;border-top:0.5pt solid #000000" valign="top">Due to the Chief Executive Officer (“CEO”) and President </td><td style="background-color:#DBE5F1;width:4.3%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:15.44%;border-top:0.5pt solid #000000" valign="bottom">276,733 </td><td style="background-color:#DBE5F1;width:3.22%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:11.7%;border-top:0.5pt solid #000000" valign="bottom">250,019 </td></tr> <tr><td style="width:62.08%" valign="top">Due to the Chief Financial Officer (“CFO”) </td><td style="width:4.3%" valign="bottom"> </td><td style="width:15.44%" valign="bottom">6,754 </td><td style="width:3.22%" valign="bottom"> </td><td style="width:3.26%" valign="bottom"> </td><td style="width:11.7%" valign="bottom">11,760 </td></tr> <tr><td style="background-color:#DBE5F1;width:62.08%" valign="top">Due to an entity controlled by a director of the Company </td><td style="background-color:#DBE5F1;width:4.3%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:15.44%" valign="bottom">400,587 </td><td style="background-color:#DBE5F1;width:3.22%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.26%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:11.7%" valign="bottom">403,542 </td></tr> <tr><td style="width:62.08%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">Due to related parties(1) </td><td style="width:4.3%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:15.44%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">684,074 </td><td style="width:3.22%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> </td><td style="width:3.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:11.7%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">665,321 </td></tr> </table> <kbd style="position:absolute;font:10pt Times New Roman;margin-left:-36pt">(1)</kbd>The amounts due to related parties are unsecured, due on demand and bear no interest. During the three months ended August 31, 2026 and 2025, the Company had the following transactions with related parties: <table style="border-collapse:collapse;width:104.4%"><tr><td style="width:66.94%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"></td><td colspan="2" style="width:15.48%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">August 31, 2026 </td><td style="width:2.42%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:15.16%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">August 31, 2025 </td></tr> <tr><td style="background-color:#DBE5F1;width:66.94%;border-top:0.5pt solid #000000" valign="top">Management fees incurred to the CEO and President </td><td style="background-color:#DBE5F1;width:3.28%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:12.2%;border-top:0.5pt solid #000000" valign="bottom">22,500 </td><td style="background-color:#DBE5F1;width:2.42%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.28%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:11.88%;border-top:0.5pt solid #000000" valign="bottom">22,500 </td></tr> <tr><td style="width:66.94%" valign="top">Consulting fees incurred to the CFO </td><td style="width:3.28%" valign="bottom"> </td><td style="width:12.2%" valign="bottom">7,500 </td><td style="width:2.42%" valign="bottom"> </td><td style="width:3.28%" valign="bottom"> </td><td style="width:11.88%" valign="bottom">7,500 </td></tr> <tr><td style="background-color:#DBE5F1;width:66.94%;border-bottom:0.5pt solid #000000" valign="top">Consulting fees incurred to an entity controlled by a director of the Company </td><td style="background-color:#DBE5F1;width:3.28%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:12.2%;border-bottom:0.5pt solid #000000" valign="bottom">- </td><td style="background-color:#DBE5F1;width:2.42%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.28%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:11.88%;border-bottom:0.5pt solid #000000" valign="bottom">27,330 </td></tr> <tr><td style="width:66.94%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">Total management and consulting fees with related parties </td><td style="width:3.28%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:12.2%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">30,000 </td><td style="width:2.42%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> </td><td style="width:3.28%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:11.88%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">57,330 </td></tr> </table>

<table style="border-collapse:collapse;width:103.74%"><tr><td style="width:62.08%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"></td><td colspan="2" style="width:19.74%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">August 31, 2026 </td><td style="width:3.22%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"> </td><td colspan="2" style="width:14.96%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">May 31, 2026 </td></tr> <tr><td style="background-color:#DBE5F1;width:62.08%;border-top:0.5pt solid #000000" valign="top">Due to the Chief Executive Officer (“CEO”) and President </td><td style="background-color:#DBE5F1;width:4.3%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:15.44%;border-top:0.5pt solid #000000" valign="bottom">276,733 </td><td style="background-color:#DBE5F1;width:3.22%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.26%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:11.7%;border-top:0.5pt solid #000000" valign="bottom">250,019 </td></tr> <tr><td style="width:62.08%" valign="top">Due to the Chief Financial Officer (“CFO”) </td><td style="width:4.3%" valign="bottom"> </td><td style="width:15.44%" valign="bottom">6,754 </td><td style="width:3.22%" valign="bottom"> </td><td style="width:3.26%" valign="bottom"> </td><td style="width:11.7%" valign="bottom">11,760 </td></tr> <tr><td style="background-color:#DBE5F1;width:62.08%" valign="top">Due to an entity controlled by a director of the Company </td><td style="background-color:#DBE5F1;width:4.3%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:15.44%" valign="bottom">400,587 </td><td style="background-color:#DBE5F1;width:3.22%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.26%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:11.7%" valign="bottom">403,542 </td></tr> <tr><td style="width:62.08%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">Due to related parties(1) </td><td style="width:4.3%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:15.44%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">684,074 </td><td style="width:3.22%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> </td><td style="width:3.26%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:11.7%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">665,321 </td></tr> </table>

276733 250019 6754 11760 400587 403542 684074 665321 <table style="border-collapse:collapse;width:104.4%"><tr><td style="width:66.94%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"></td><td colspan="2" style="width:15.48%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">August 31, 2026 </td><td style="width:2.42%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:15.16%;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">August 31, 2025 </td></tr> <tr><td style="background-color:#DBE5F1;width:66.94%;border-top:0.5pt solid #000000" valign="top">Management fees incurred to the CEO and President </td><td style="background-color:#DBE5F1;width:3.28%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:12.2%;border-top:0.5pt solid #000000" valign="bottom">22,500 </td><td style="background-color:#DBE5F1;width:2.42%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.28%;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:11.88%;border-top:0.5pt solid #000000" valign="bottom">22,500 </td></tr> <tr><td style="width:66.94%" valign="top">Consulting fees incurred to the CFO </td><td style="width:3.28%" valign="bottom"> </td><td style="width:12.2%" valign="bottom">7,500 </td><td style="width:2.42%" valign="bottom"> </td><td style="width:3.28%" valign="bottom"> </td><td style="width:11.88%" valign="bottom">7,500 </td></tr> <tr><td style="background-color:#DBE5F1;width:66.94%;border-bottom:0.5pt solid #000000" valign="top">Consulting fees incurred to an entity controlled by a director of the Company </td><td style="background-color:#DBE5F1;width:3.28%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:12.2%;border-bottom:0.5pt solid #000000" valign="bottom">- </td><td style="background-color:#DBE5F1;width:2.42%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:3.28%;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:11.88%;border-bottom:0.5pt solid #000000" valign="bottom">27,330 </td></tr> <tr><td style="width:66.94%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">Total management and consulting fees with related parties </td><td style="width:3.28%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:12.2%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">30,000 </td><td style="width:2.42%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"> </td><td style="width:3.28%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="width:11.88%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">57,330 </td></tr> </table>

22500

7500

27330

30000

57330

NOTE 3 - NOTES AND ADVANCES DUE TO RELATED PARTIES The tables below summarize the notes and advances due and payable to related parties as at August 31, 2026 and May 31, 2026: <table style="border-collapse:collapse;width:99%"><tr><td colspan="8" style="width:462.95pt;border-bottom:0.5pt solid #000000" valign="bottom">As at August 31, 2026 </td></tr> <tr><td colspan="2" style="width:70.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Principal Outstanding </td><td style="width:62.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Interest Rate per Annum </td><td style="width:162.55pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:80.45pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Accrued Interest </td><td colspan="3" style="width:87.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Total Book Value </td></tr> <tr><td style="background-color:#DBE5F1;width:17.6pt" valign="middle">$ </td><td style="background-color:#DBE5F1;width:53.3pt" valign="top">78,464 </td><td style="background-color:#DBE5F1;width:62.15pt" valign="middle">6% </td><td style="background-color:#DBE5F1;width:162.55pt" valign="middle">Related party notes payable (1) </td><td style="background-color:#DBE5F1;width:24.85pt" valign="middle">$ </td><td style="background-color:#DBE5F1;width:55.6pt" valign="top">27,596 </td><td style="background-color:#DBE5F1;width:24.85pt" valign="top">$ </td><td colspan="2" style="background-color:#DBE5F1;width:62.4pt" valign="top">106,060 </td></tr> <tr><td style="width:17.6pt" valign="middle"> </td><td style="width:53.3pt" valign="top">723,085 </td><td style="width:62.15pt" valign="middle">10% </td><td style="width:162.55pt" valign="middle">Related party notes payable (1) </td><td style="width:24.85pt" valign="middle"> </td><td style="width:55.6pt" valign="top">125,237 </td><td style="width:24.85pt" valign="top"> </td><td colspan="2" style="width:62.4pt" valign="top">848,322 </td></tr> <tr><td style="background-color:#DBE5F1;width:17.6pt;border-bottom:0.5pt solid #000000" valign="middle"> </td><td style="background-color:#DBE5F1;width:53.3pt;border-bottom:0.5pt solid #000000" valign="top">10,818 </td><td style="background-color:#DBE5F1;width:62.15pt;border-bottom:0.5pt solid #000000" valign="middle">0% </td><td style="background-color:#DBE5F1;width:162.55pt;border-bottom:0.5pt solid #000000" valign="middle">Advances(2) </td><td style="background-color:#DBE5F1;width:24.85pt;border-bottom:0.5pt solid #000000" valign="middle"> </td><td style="background-color:#DBE5F1;width:55.6pt;border-bottom:0.5pt solid #000000" valign="top">- </td><td style="background-color:#DBE5F1;width:24.85pt;border-bottom:0.5pt solid #000000" valign="top"> </td><td colspan="2" style="background-color:#DBE5F1;width:62.4pt;border-bottom:0.5pt solid #000000" valign="top">10,818 </td></tr> <tr><td style="width:17.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle">$ </td><td style="width:53.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">812,367 </td><td style="width:62.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"> </td><td style="width:162.55pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"> </td><td style="width:24.85pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle">$ </td><td style="width:55.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">152,833 </td><td style="width:24.85pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">$ </td><td colspan="2" style="width:62.4pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">965,200 </td></tr> <tr><td colspan="8" style="width:462.95pt;border-top:3px double #000000" valign="bottom"> </td></tr> <tr><td colspan="8" style="width:462.95pt;border-bottom:0.5pt solid #000000" valign="bottom">As at May 31, 2026 </td></tr> <tr><td colspan="2" style="width:70.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Principal Outstanding </td><td style="width:62.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Interest Rate per Annum </td><td style="width:162.55pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"> </td><td colspan="2" style="width:80.45pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Accrued Interest </td><td colspan="3" style="width:87.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom">Total Book Value </td></tr> <tr><td style="background-color:#DBE5F1;width:17.6pt" valign="middle">$ </td><td style="background-color:#DBE5F1;width:53.3pt" valign="top">78,729 </td><td style="background-color:#DBE5F1;width:62.15pt" valign="middle">6% </td><td style="background-color:#DBE5F1;width:162.55pt" valign="middle">Related party notes payable (1) </td><td style="background-color:#DBE5F1;width:24.85pt" valign="middle">$ </td><td style="background-color:#DBE5F1;width:55.6pt" valign="top">26,090 </td><td style="background-color:#DBE5F1;width:24.85pt" valign="top">$ </td><td colspan="2" style="background-color:#DBE5F1;width:62.4pt" valign="top">104,819 </td></tr> <tr><td style="width:17.6pt" valign="middle"> </td><td style="width:53.3pt" valign="top">612,335 </td><td style="width:62.15pt" valign="middle">10% </td><td style="width:162.55pt" valign="middle">Related party notes payable (1) </td><td style="width:24.85pt" valign="middle"> </td><td style="width:55.6pt" valign="top">105,452 </td><td style="width:24.85pt" valign="top"> </td><td colspan="2" style="width:62.4pt" valign="top">717,787 </td></tr> <tr><td style="background-color:#DBE5F1;width:17.6pt;border-bottom:0.5pt solid #000000" valign="middle"> </td><td style="background-color:#DBE5F1;width:53.3pt;border-bottom:0.5pt solid #000000" valign="top">10,871 </td><td style="background-color:#DBE5F1;width:62.15pt;border-bottom:0.5pt solid #000000" valign="middle">0% </td><td style="background-color:#DBE5F1;width:162.55pt;border-bottom:0.5pt solid #000000" valign="middle">Advances(2) </td><td style="background-color:#DBE5F1;width:24.85pt;border-bottom:0.5pt solid #000000" valign="middle"> </td><td style="background-color:#DBE5F1;width:55.6pt;border-bottom:0.5pt solid #000000" valign="top">- </td><td style="background-color:#DBE5F1;width:24.85pt;border-bottom:0.5pt solid #000000" valign="top"> </td><td colspan="2" style="background-color:#DBE5F1;width:62.4pt;border-bottom:0.5pt solid #000000" valign="top">10,871 </td></tr> <tr><td style="width:17.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle">$ </td><td style="width:53.3pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">701,935 </td><td style="width:62.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"> </td><td style="width:162.55pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle"> </td><td style="width:24.85pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="middle">$ </td><td style="width:55.6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">131,542 </td><td style="width:24.85pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">$ </td><td colspan="2" style="width:62.4pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top">833,477 </td></tr> </table> (1) Related Party Notes Payable As at August 31, 2026, the Company owed a total of $106,060 under 6% notes payable due to related parties (May 31, 2026 - $104,819), of which $27,596 was associated with interest accrued on the principal balances owed under the notes payable (May 31, 2026 - $26,090). As at August 31, 2026, the Company owed a total of $848,322 under 10% notes payable due to related parties (May 31, 2026 - $717,787), of which $125,237 was associated with interest accrued on the principal balances owed under the notes payable (May 31, 2026 - $105,452). Notes payable with Mr. Richard Jeffs During the three months ended August 31, 2026, the Company borrowed $50,000 from Mr. Richard Jeffs, a significant shareholder of the Company and the father of the Company’s CEO and President, Mr. David Jeffs, under an unsecured credit line, which allows the Company to draw up to $350,000 (as amended on July 16, 2026) at 10% per annum, payable on demand, and a further $62,826 (CAD$85,000) under an unsecured credit line, which allows the Company to draw up to CAD$250,000 at 10% per annum, compounded monthly and payable on demand. As at August 31, 2026, the Company owed a total of $436,675 (May 31, 2026 - $316,937) to Mr. Richard Jeffs. A total of $71,323 (including accrued interest of $17,859) was borrowed under unsecured notes payable, which accrue interest at a rate of 6% per annum, compounded monthly, and are due on demand. The remaining carrying amount of $365,352 related to advances under the unsecured credit lines and accrued interest. The credit lines permit the Company to draw up to CAD$250,000 and up to US$350,000 at 10% per annum, compounded monthly and payable on demand. During the three months ended August 31, 2026, the Company recorded $8,900 in interest on the notes payable and the funds borrowed under the credit lines with Mr. Richard Jeffs (August 31, 2025 - $3,034). Notes payable with Mr. David Jeffs As of August 31, 2026, the Company owed a total of $53,852 under loan agreements with Mr. David Jeffs, the Company’s CEO, director, and a significant shareholder (May 31, 2026 - $52,570). The loans are unsecured and carry a 10% annual interest rate, compounded monthly. A $30,000 note payable included in the total due was payable on April 24, 2023, and, as of the date of these condensed consolidated financial statements, is in default. The remaining notes payable, totaling $7,933, are payable on demand. During the three months ended August 31, 2026, the Company recorded $1,332 in interest on the principal (August 31, 2025 - $1,211). As of August 31, 2026, the Company owed a total of $34,737 under a loan agreement with a company of which Mr. David Jeffs is a director (May 31, 2026 - $34,217). The loan bears interest at 6% per annum compounded monthly, is unsecured, and is payable on demand. During the three months ended August 31, 2026, the Company recorded $520 in interest on the principal (August 31, 2025 - $490). Notes payable with Mr. Amir Vahabzadeh As at August 31, 2026, the Company owed a total of $209,903 under loan agreements with Mr. Vahabzadeh, a director and a significant shareholder (May 31, 2026 - $204,700). The loans are unsecured and carry a 10% annual interest rate, compounded monthly. A $30,000 note payable included in the total due was payable on April 24, 2023, and, as of the date of these condensed consolidated financial statements, is in default. The remaining notes payable, totaling $130,000, are payable on demand. During the three months ended August 31, 2026, the Company recorded $5,203 in interest on the principal (August 31, 2025 - $4,710). Notes payable with a significant shareholder As at August 31, 2026, the Company owed $82,417 (May 31, 2026 - $80,374) under unsecured notes payable with the Company’s significant shareholder (“Mr. Ahdoot”). The loans are unsecured, carry a 10% annual interest rate compounded monthly, and are payable on demand. During the three months ended August 31, 2026, the Company recorded $2,043 in interest on the principal (August 31, 2025 - $1,849). Notes payable with Mrs. Susan Jeffs As at August 31, 2026, the Company owed $136,798 (May 31, 2026 - $133,808) under unsecured credit lines with Mrs. Susan Jeffs, mother of Mr. David Jeffs. The terms of the credit lines allow the Company to draw up to $100,000 and up to CAD$200,000 at 10% per annum compounded monthly, payable on demand. During the three months ended August 31, 2026, the Company recorded $3,368 in interest on the principal (August 31, 2025 - $684). (2) Advances Payable As at August 31, 2026, the Company owed a total of $10,818 (May 31, 2026 - $10,871) for an advance the Company received in its fiscal 2020 year from an entity controlled by a director of the Company and Mr. Richard Jeffs. The advance is non-interest-bearing, unsecured, and payable on demand.

78464

0.06

27596

106060

723085

0.10

125237

848322

10818

812367

152833

965200

78729

0.06

26090

104819

612335

0.10

105452

717787

10871

701935

131542

833477 106060

0.06

104819

27596

26090

848322

0.10

717787

125237

105452

50000

436675 316937 71323

0.06

365352

0.10

8900

3034

53852 52570

0.10

1332

1211

34737 34217

0.06

520

490

209903 204700

0.10

5203

4710

82417 80374

0.10

2043

1849

136798 133808

3368

684

10818 10871

NOTE 4 - OTHER CURRENT ASSETS As at August 31, 2026, other current assets consisted of $54,028 in prepaid expenses (May 31, 2026 - $78,368) and $35 in receivables associated with GST Cell MedX Canada paid on taxable supplies (May 31, 2026 - $29). During the three months ended August 31, 2026, the Company recognized $18,756 of investor-relations expense, originally prepaid through a prior-year issuance of common shares, through amortization of prepaid services.

54028

78368

18756

NOTE 5 - SHARE CAPITAL During the three months ended August 31, 2026, the Company did not have any transactions resulting in issuance of shares. Options As at August 31, 2026 and May 31, 2026, the Company did not have any outstanding share purchase options. Warrants As at August 31, 2026 and May 31, 2026, the Company did not have any outstanding warrants.

NOTE 6 - RESEARCH AND DEVELOPMENT In February 2025, the Company engaged ADM Tronics Unlimited, Inc (“ADM Tronics”) to redesign its eBalance® microcurrent device. The Company expected the project to take approximately 22 to 34 weeks and to cost between $62,500 and $127,000. As of August 31, 2026, the Company and ADM Tronics continue working on the project at a regular hourly fee. During the three months ended August 31, 2026, the Company incurred a total of $42,558 for this project, of which $35,993 was incurred under the agreement with ADM Tronics (August 31, 2025 - $57,309). As of August 31, 2026, the Company had incurred a total of $294,590 with ADM Tronics since February 2025. On December 1, 2025, the Company entered into a service agreement to conduct a study examining the effects of the eBalance® microcurrent device. The study was expected to last three months and cost approximately $27,100. During the year ended May 31, 2026, the Company made an initial payment of $13,546, which was recorded as a prepaid expense as the study was postponed until the new eBalance® microcurrent devices were ready for testing. The study began in August 2026, and the Company recognized $1,129 for the three-month period ended August 31, 2026.

The Company expected the project to take approximately 22 to 34 weeks and to cost between $62,500 and $127,000

42558 35993 57309 294590

13546

1129

NOTE 7 - SUBSEQUENT EVENT Subsequent to August 31, 2026, the Company borrowed $50,000 from Mr. Richard Jeffs under an unsecured credit line, which allows the Company to draw up to $350,000 at 10% per annum, payable on demand, and a further $35,112 (CAD$50,000) under an unsecured credit line, which allows the Company to draw up to CAD$250,000 at 10% per annum, compounded monthly and payable on demand.

50000

35112