Michael Wekerle Updates Orion Digital Corp. Holdings and Corrects Early Warning Report

Toronto, Ontario — September 15, 2026 — Leads & Copy — Michael Wekerle, identified as the Acquiror, has announced updated holdings in Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO), along with corrections to his early warning report and a related news release originally issued on May 12, 2026. Through Wek Corp., the Acquiror acquired control or direction over 441,900 common shares of Orion at a weighted average price of approximately C$1.4208 per share, totaling C$627,845.20.

The acquisitions took place on August 28, 2026, and September 11, 2026, utilizing facilities of the Toronto Stock Exchange and other alternative markets where Orion's common shares are traded.

Prior to these recent acquisitions, the Acquiror beneficially owned, or exercised control or direction over, 2,503,270 common shares of Orion. This represented approximately 10.53% of the issued and outstanding common shares on a non-diluted basis. Following the completion of the recent acquisitions, the Acquiror's holdings increased to 2,945,170 common shares, representing approximately 12.38% on the same basis. This constitutes an increase of approximately 1.85%.

These ownership percentages are based on a total of 23,781,198 common shares outstanding as of June 30, 2026, as detailed in Orion's interim financial statements for that period.

The early warning report and news release from May 12, 2026, initially reported holdings following purchases on May 6 and 7, 2026, amounting to 2,420,959 common shares, or approximately 10.13% on a non-diluted basis. A reconciliation of registered holders and brokerage accounts revealed that the corrected holdings after these May purchases were actually 2,347,959 common shares, or approximately 9.83% on a non-diluted basis.

Based on this corrected historical share balance, the Acquiror's current ownership in Orion represents a change exceeding 2% on a non-diluted basis since the acquisitions completed in early May 2026. More detailed information regarding these historical corrections is provided in the early warning report that will be filed in connection with this news release.

The common shares were acquired for investment purposes. The Acquiror may acquire additional Orion securities in the future through open market transactions or private acquisitions, or may sell existing securities, depending on market conditions, evolving plans, and other relevant factors. Currently, the Acquiror has no other plans or intentions related to the matters listed in clauses (b) to (k) of Item 5 of the early warning report to be filed. Future plans may be developed based on market conditions, general economic and industry factors, and Orion's business and financial condition.

An early warning report will be filed under Orion's profile on SEDAR+ at www.sedarplus.ca to correct the prior disclosure and report the updated holdings. A copy can also be obtained by contacting Michael Wekerle.