Genesis Acquisition Corp. Announces Amending Agreement with Nusa Nickel Corp.

Kelowna, British Columbia — January 15, 2026 — Leads & Copy — Genesis Acquisition Corp., a capital pool company, announced that it entered into an amending agreement on January 14, 2026, to amend certain terms set forth in its previously announced business combination agreement with Nusa Nickel Corp. The amending agreement includes extending the outside date for completion of the proposed transaction.

The parties are working toward completing the proposed transaction and anticipate it will be completed in the second quarter of 2026, subject to satisfaction or waiver of the conditions precedent referred to in the definitive agreement and receipt of all requisite approvals.

Genesis is a capital pool company that completed its initial public offering and obtained a listing on the Exchange on or about November 1, 2019 (trading symbol: REBL.P). Prior to entering into the LOI, Genesis did not carry on any active business activity other than reviewing potential transactions that would qualify as Genesis's Qualifying Transaction.

Nusa Nickel is North America's only revenue-generating nickel producer and licensed trader operating in Indonesia's world-leading nickel district.

Nusa Nickel's operations focus on the responsible sourcing, production, and sale of lateritic nickel material, with a commitment to environmental stewardship and supporting local communities. In addition to its production activities, Nusa Nickel is a licensed nickel trader, enabling it to source and supply nickel ore from third-party producers and expand its market footprint across Indonesia.

Blair Wilson, President, Chief Executive Officer, and Director

For further information please contact: blair@forbiddenspirits.ca, Phone: (250) 317-0996

Investors are cautioned that, except as disclosed in the Filing Statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, acceptance of the TSX Venture Exchange. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.

Blair Wilson, President, Chief Executive Officer, and Director, blair@forbiddenspirits.ca, (250) 317-0996

Source: Genesis Acquisition Corp.