Scaling Capital 1 Corp. Announces Proposed Qualifying Transaction Seite 1

Calgary, Alberta–(Newsfile Corp. – August 13, 2024) – Scaling 1 Capital Corp. (TSXV: SKAL.P) (the “Corporation” or “Scaling“) is pleased to announce details concerning its proposed
arm’s length qualifying transaction (the “Transaction“) involving a proposed business combination with Matador Gold Technologies Inc. (“Matador“), a private company incorporated under
the laws of Ontario.

Matador’s team is a strong believer in the digitization of real world assets and is democratizing the gold buying experience by bringing it into the 21st century. Combining the best of modern
technology and time-proven investment options, Matador’s proprietary app, when launched, will allow users to buy, sell, and store gold 24/7, with the added security and flexibility of an encrypted
mobile application. Matador also continues to explore innovative ways to integrate blockchain and digital art to incentivize younger buyers to become interested in the gold market – including the
use of Bitcoin Ordinals and digital art. Matador is incorporated in the province of Ontario.