SHARC Energy Announces Cancellation of Incentive Stock Options

Rhea-AI Summary

SHARC Energy (OTCQB: INTWF) announced it has cancelled 2,363,854 incentive stock options effective December 31, 2025.

The cancellation is broken down as: 607,808 options expiring May 30, 2027 at $0.335, 1,520,000 options expiring April 27, 2028 at $0.27, 136,046 options expiring June 28, 2029 at $0.28, and 100,000 options expiring October 17, 2023 at $0.245.

Positive

• 2,363,854 options cancelled effective Dec 31, 2025
• Largest tranche: 1,520,000 options expiring Apr 27, 2028 at $0.27
• Four option tranches listed with expiry dates and exercise prices

Negative

• 100,000 options listed with an expiry date of Oct 17, 2023 (past expiry)
• Cancellation removed outstanding option rights for 2,363,854 option holders or grantees

VANCOUVER, British Columbia, Dec. 31, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) reports that effective December 31, 2025, it has cancelled an aggregate of 2,363,854 incentive stock options previously granted as follows:

Number of Options	Expiry Date	Exercise Price
607,808	May 30, 2027	$0.335
1,520,000	April 27, 2028	$0.27
136,046	June 28, 2029	$0.28
100,000	October 17, 2023	$0.245

About SHARC Energy  
SHARC International Systems Inc. is a world leader in energy transfer with the wastewater we send down the drain every day. SHARC Energy's systems exchange thermal energy with wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

Learn more about SHARC Energy: Website | Customers | LinkedIn | YouTube | PIRANHA | SHARC

ON BEHALF OF THE BOARD

Fred Andriano
Chairman

For investor inquiries, please contact:	For media inquiries, please contact:
Hanspaul Pannu	John Louis Fahie
Chief Financial & Operating Officer	Marketing
SHARC Energy	SHARC Energy
Telephone: (604) 475-7710 ext. 4	Telephone: 604.475.7710 Ext.109
Email: hanspaul.pannu@sharcenergy.com	Email: johnlouis.fahie@sharcenergy.com

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements 
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation.

FAQ

What did SHARC Energy (INTWF) announce on December 31, 2025 about stock options?

SHARC Energy announced it cancelled an aggregate of 2,363,854 incentive stock options effective December 31, 2025.

How are the cancelled SHARC Energy (INTWF) options allocated by expiry and price?

The cancelled options include 607,808 (May 30, 2027 @ $0.335), 1,520,000 (Apr 27, 2028 @ $0.27), 136,046 (Jun 28, 2029 @ $0.28) and 100,000 (Oct 17, 2023 @ $0.245).

When is the effective date of SHARC Energy's (INTWF) option cancellations?

The cancellations are effective December 31, 2025.

Did SHARC Energy (INTWF) disclose exercise prices for the cancelled options?

Yes; exercise prices disclosed are $0.335, $0.27, $0.28 and $0.245 for the listed tranches.

Will SHARC Energy (INTWF) provide investor or media contacts about the cancellations?

Yes; investor inquiries list Hanspaul Pannu (CFO/COO) and media inquiries list John Louis Fahie with contact details in the release.

Where is SHARC Energy (INTWF) publicly traded and how can investors learn more?

SHARC Energy is traded on CSE: SHRC, OTCQB: INTWF, Frankfurt: IWIA; investors can visit the company's website and SEDAR profile for more information.