XTM Inc. Announces Board Changes and Appoints Keith Nugara as Board Advisor to Accelerate Strategic Execution and Market Expansion

TORONTO--(BUSINESS WIRE)-- XTM Inc. (OTCQB: XTMIF | CSE: PAID), a fintech company delivering instant payout solutions for employees and gig workers, today announced changes to its Board of Directors, including the appointment of Keith Nugara as a Board Member and Board Advisor.

The Company also announced the departure of Olga Balanovskaya, the company’s former Chief Financial Officer and long-standing contributor to XTM through multiple stages of its growth. XTM extends its sincere gratitude to Ms. Balanovskaya for her leadership and meaningful contributions, and wishes her continued success in her future endeavors.

Keith Nugara brings more than 30 years of executive leadership experience across payments, financial services, and enterprise technology. His career includes senior roles such as Vice President, Global Business Development at TELUS Health, Senior Vice President at Dye & Durham, and Senior Vice President, TELUS Health and Financial Solutions, reflecting deep expertise across highly regulated industries.

Mr. Nugara, also on the Board of Directors of Everyday Payments, has also played strategic roles within Canada’s payments ecosystem, including involvement with Interac, VISA Canada and other fintech and industry bodies. This experience positions him to provide valuable oversight and guidance on enterprise growth, financial innovation, governance, and regulatory scaling, all of which are critical as XTM expands enterprise partnerships across hospitality and retail.

“Keith’s longstanding leadership within Canada’s financial services ecosystem brings both credibility and strategic depth to XTM,” said Marilyn Schaffer, CEO of XTM Inc. “We are pleased to welcome him to the Board and to benefit from his counsel as we deepen enterprise relationships and advance our growth strategy.”

In his dual role as Board Member and Board Advisor, Mr. Nugara will work closely with the Board of Directors and executive team to support enterprise sales strategy, network expansion, investor relations, and the continued strengthening of XTM’s governance and financial infrastructure.

“XTM is at an important inflection point, addressing real operational and financial challenges faced by employers and workers,” said Keith Nugara. “I am honored to join the Board and support the Company as it accelerates growth while maintaining strong governance and regulatory discipline.”

About Keith Nugara

Keith Nugara holds a Bachelor of Commerce (Honours) from the University of Windsor and has completed executive programs at Harvard Business School and MIT Sloan School of Management. He has served as a Corporate Officer and Principal with the Association for Financial Professionals and the Treasury Management Association of Canada, and currently serves on community boards including Scarborough Health Network and the Arthritis Society of Canada. Mr. Nugara is a former Interac Board member and has supported several Payments Canada projects and other industry bodies in his previous executive roles. He remains actively engaged in Canada’s digital payments ecosystem participating in panels and forums.

The Company also announced that it entered into a short-term convertible promissory note of CAD $406,763 for working capital, with a related party on December 19, 2025, which was subsequently converted into common shares in accordance with its existing terms. The conversion resulted in the extinguishment of the related indebtedness and did not involve the raising of any new capital. The Company relied on applicable exemptions under Multilateral Instrument 61-101.

About XTM Inc.

XTM Inc. is a Toronto-based fintech enabler and the founder of AnyDay®, a real-time payroll, tip, and earned wage access platform. Designed as a compliance-first solution, AnyDay is widely adopted across the hospitality, personal care, and retail sectors. Trusted by leading brands, XTM’s platform delivers speed, transparency, and regulatory-aligned payroll experiences. (www.paidanyday.com )

Forward-Looking Statements

This press release may contain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws. These statements involve known and unknown risks, uncertainties, and assumptions, and may include words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” and similar expressions. Actual results could differ materially from those projected due to various risks and factors beyond the Company’s control.

The CSE has neither approved nor disapproved the contents of this press release and accepts no responsibility for its adequacy or accuracy.

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For more information please contact:



Brad Kirby

finance@xtminc.com

416.260.1641

Source: XTM Inc.