Green Panda Capital Corp. Announces Termination of Qualifying Transaction

Toronto, Ontario--(Newsfile Corp. - June 30, 2025) - Green Panda Capital Corp. (TSXV: GPCC.P) ("Green Panda" or the "Company") announces that its previously announced binding agreement with Thistle Resources Corp. ("TRC") with respect to the Company's proposed qualifying transaction to acquire mineral exploration properties in New Brunswick, and as previously announced by the Company, has been mutually terminated by the parties.

The Company is in the process of seeking approval from the TSXV for the resumption of trading of the Company's common shares. In addition, the Company is continuing to evaluate and review alternative acquisition opportunities with a view to completing its Qualifying Transaction.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements, including statements relating to the commencement in trading in respect of the Company's common shares, and other statements that are not historical facts. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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

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