ImagineAR Announces Termination of Agreements for Niagara Immersive Center Project

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or the "Company") announces that it has received formal written notice from 1000005450 Ontario Inc. regarding the termination of the Design and Project Installation Agreement ("DPIA") and the Master Services Agreement ("MSA") associated with the planned Niagara Immersive Center project. The termination is effective immediately.

According to the notice received, the Owner/Customer determined that current economic and market conditions have rendered the project not viable at this time. As outlined in the termination letter, heightened economic uncertainty within Canada, increased financing risk, and tariff-related cross-border cost pressures were cited as materially impacting project feasibility. The Owner/Customer emphasized that the termination decision is not reflective of the capabilities, technology, or professionalism of ImagineAR.

No installation or development work had commenced under the agreements, and therefore both the DPIA and MSA have been terminated in full. The notice further states that, should economic conditions materially improve in the future — including stabilization of financing markets and easing of tariff-related cost pressures — the Owner/Customer may, at its sole discretion, consider re-engaging in discussions regarding a future immersive experience project. The termination letter expressly notes that no expectation, reliance, or commitment should be inferred from this possibility.

Any previously paid non-refundable deposit will be credited toward a potential future engagement, subject to negotiation and execution of a new written agreement.

ImagineAR confirms that no outstanding obligations remain under the terminated agreements.

About ImagineAR

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR immersive campaigns with no programming or technology experience. FameDays, wholly owned subsidiary, is a leading-edge developer of immersive entertainment centers, integrating AR/ AI and interactive technology to create fully immersive, high-impact experiences. The large-scale venues redefine storytelling by blending pre-rendered visuals, augmented reality overlays, and real-time interactivity, offering audiences a next-generation entertainment experience with limitless creative possibilities.

For more information or to explore working with ImagineAR, please email info@imaginear.com, or visit www.imagineAR.com.

All trademarks of the property of respective owners.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release, which include, but are not limited to, statements with respect to the termination of the DPIA and MSA and potential re-engagement, are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

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