CleanGo Innovations Inc. Subsidiary, Kubera Black, Concludes Due Diligence; Decides Against Acquisition of Freia Farmaceutici Srl

(TheNewswire)

Vancouver, B.C., Houston, Texas –March 9th, 2026 - TheNewswire – CleanGo Innovations Inc.(CSE:CGII) (OTC:CLGO.F) (FRA:APO.F) ("CleanGo" or the"Company"), a global leader in proprietary green technologysolutions, CleanGo Innovations Inc. (the“Company”) and its wholly-owned subsidiary, Kubera Blackpreviously announced on December 17, 2025 a non binding LOI with FreiaFarmaceutici Srl. Today following a period of extensive due diligence,the Company has decided not to proceed with the acquisition ofFreia FarmaceuticiSrl.

The decision concludes a comprehensive evaluationprocess. While the Company recognizes the professional standing ofFreia Farmaceutici Srl, the acquisition was ultimately determined notto align with the current strategic growth model of KuberaBlack.

Strategic Rationale

The decision to move on from this acquisition wasdriven by a focus on capital efficiency and time-to-market:

• Growth Alignment: After thorough review, it was determined that FreiaFarmaceutici Srl did not fit the specific high-growth targetscurrently mandated by the Company’s board. 

• Resource Allocation: The internal assessment concluded that the time and capitalrequired to launch and scale the entity globally were excessive giventhe current global competitive landscape. 

• Asset Prioritization: CleanGo Innovations has decided to prioritize and pursuehigher-growth properties that offer a more immediate fit for itsglobal expansion strategy. 

Management Commentary

"We want to be clear that our decision is strictlybased on our internal high-growth model and investment criteria,"stated the leadership team at CleanGo Innovations. "There isnothing inherently wrong with Freia Farmaceutici Srl; they are aprofessional organization, but the

project simply required too much time and capital tobring forward for a global launch at this stage. We wish the team atFreia Farmaceutici Srl the very best of luck in all their futureendeavors as we pivot our focus toward assets that better suit ourrapid-scale objectives."

FutureOutlook

CleanGo Innovations and Kubera Black remain committedto a disciplined acquisition strategy. By electing not to move forwardwith this transaction, the Company preserves its capital position andexecutive bandwidth to focus on more immediate, high-growthopportunities within its pipeline.

About CleanGo Innovations

CleanGo Innovations Inc. is an international, publiclytraded company that specializes in the development of early-staged,green, non-toxic and sustainable products used in retail, commercialand industrial applications.

The company is proud of its suite of proprietary, GreenSeal Certified non-toxic green products that are Health Canadaapproved to claim 99.9% disinfecting of viruses and bacteria on a hardsurface. CleanGo’s portfolio is proud to be a part of Cruelty Free /Leaping Bunny as a certified product while being both family and petsafe. It is CleanGo’s mission to create the world’s leadingnon-toxic, green solutions for the worlds cleaning problems.

CleanGo Innovation’s experienced team brings newideas and innovation based on science to find solutions to theproblems of the current world we live in. Customers rely on quality,nontoxic products to keep their homes and business’s clean and theirloved ones safe. CleanGo also has several Commercial and Industrialapplications to solve many problems of the worlds heavier andlarge-scale cleaning problems.

On behalf of the CEO & Board ofDirectors

Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.

For More information Contact:

info@cleangogreengo.com

Phone 1 346 202 6202

Forward-looking Information

This news release may contain forward-lookingstatements and forward-looking information (collectively,“forward-looking statements”) within the meaning of applicableCanadian and U.S. securities legislation. Forward-looking statementscan often be identified by words such as “will”, “plans”,“expects”, “may”, “intends”, “anticipates”,“believes”, proposes” or variations of such words includingnegative variations thereof and phrases that refer to certain actions,events or results that may, could, would, might or will occur or betaken or achieved. Actual results could differ from those projected inany forward-looking statements due to numerous factors, includingrisks and uncertainties relating to general economic, market orbusiness conditions or changes in laws, regulations and policiesaffecting the Company’s operations. Investors are cautioned thatforward-looking statements are not guarantees of future performance orevents and, accordingly are cautioned not to put undue reliance onforward-looking statements due to the inherent uncertainty of suchstatements. Any forward-looking statements included in this newsrelease are made as of the date hereof and the Company does not intendto update or revise any forward-looking statements, except asexpressly required by law.

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