Earthworks Proposes Amendments of Outstanding Option Agreements

Suite 615 - 800 West Pender Street, Vancouver, BC V6C 2V6

Telephone: 604.669.3143 Fax: 604.669.3107

Email: [email protected] Web: www.earthworksinc.com

TSX-V: EWK

OTCQB: EAATF

News Release

July 24, 2025

EARTHWORKS PROPOSES AMENDMENTS OF OUTSTANDING OPTION AGREEMENTS

Earthworks Industries Inc. (the “Company”) proposes to amend Option Agreements granted on various

earlier dates for a total of 1,250,000 shares. The Options are exercisable at prices between $0. 20 and

$0.35 per share on dates between July 31, 2025 , and January 23, 2026. The Company considers that as

the Options are so “out of the money” it is appropriate that the exercise prices be reduced to $0.15 per

share and their exercise deadline dates be extended to July 31, 2027. The amendments are subject to

acceptance by the TSX Venture Exchange. As 625,000 of the Options are in favor of Insiders of the

Company, the amendment of those options will not be effective unless and until they receive independent

shareholder approval. The approval of the amendments of 625,000 options will be submitted for the next

AGM of the Company.

For further information, contact:

Earthworks Industries Inc.

David Atkinson

President/CEO

604-669-3143

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Ven ture

Exchange) accepts responsibility for the adequacy or accuracy of this News Release.