Toronto, Ontario--(Newsfile Corp. - June 25, 2026) - Winchester Equity Corporation (TSXV: WEC) (the "Company") is pleased to announce that it has today entered into a new secured promissory note (the "Promissory Note") with Taxfyle, Inc ("Taxfyle").

Background

WEC has agreed to provide Taxfyle with a short-term loan facility of USD $500,000, due to be repaid on or before August 15, 2026. The facility bears a flat interest rate of 5% (USD $25,000).

Taxfyle, an arm's length company, is a rapidly growing tax preparation / filing company, located in Miami, FL. The firm has developed a proprietary "human-touch", agentic AI tax preparation platform which is utilized by its clients to source licensed CPA's in order to automate up to 70% of return preparation.

The Company accordingly confirms that is has today entered into a secured promissory note of USD$500,000. The Promissory Note is secured against the assets of Tafyle, such security including a pledge of specific receivables in excess of the loan amount plus interest.

Regulatory Considerations

The Promissory Note constitutes an Arm's Length Transactions (as such term is defined in Policy 1.1 of the TSXV). No Non-Arm's Length Parties of the Company (as such term is defined in Policy 1.1 of the TSXV) have any direct or indirect interest in, or relationship with Selma, nor are they insiders of Selma.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions, which are intended to identify forward-looking statements.

These forward-looking statements are based on certain assumptions that the Company has made in respect thereof as at the date of this press release.

Although the Company believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to regulatory approvals, changes in general economic, competitive, business, political and social conditions, including changes in the financial markets; the impact of competitive entities and pricing; the ability to access various sources of debt and equity capital on favourable terms; changes in applicable laws and regulations and costs associated therewith; actions by governmental or regulatory authorities and costs associated therewith; and certain other risks detailed in the Company's continuous disclosure, a copy of which is available on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release.

This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. The Company does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302866

Source: Winchester Equity Corporation