Renoworks Announces Granted Options

CALGARY, AB, March 10, 2026 /CNW/ - Renoworks Software Inc. (TSXV: RW) (OTC: ROWKF) ("Renoworks" or the "Company"), an industry leader in visualization and lead generation technology for the home renovation and new construction sector announces that it has granted options to acquire an aggregate of 150,000 common shares at an exercise price of $0.325 per share to a director of the Company on March 9, 2026. These options expire March 8, 2031 and are governed by the company's Stock Option Plan. This brings the total number of options outstanding to 3,336,334 or 8.16% of outstanding shares.

About Renoworks

Renoworks Software Inc. develops and sells digital visualization software and integration solutions for the remodeling and new home construction industry. The Company provides solutions to manufacturers, contractors, builders, and retailers, addressing one of the home improvement industry's key challenges -- helping homeowners visualize their product selections in a realistic digital environment before purchase. Renoworks generates revenues from five main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services, Renoworks FastTrack, and Renoworks API. For more information, visit www.renoworks.com and www.renoworkspro.com.

*Non-IFRS Measures

Adjusted EBITDA is a measure not recognized under IFRS. However, management of Renoworks believes that most shareholders, creditors, other stakeholders and investment analysts prefer to have these measures included as reported measures of operating performance, a proxy for cash flow, and to facilitate valuation analysis. Adjusted EBITDA is defined as earnings before interest income, taxes, depreciation and amortization, stock based compensation, restructuring costs, impairment charges and other non-recurring gains or losses. Management believes Adjusted EBITDA is a useful measure that facilitates period-to-period operating comparisons.

Adjusted EBITDA does not have any standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Readers are cautioned that Adjusted EBITDA is not an alternative to measures determined in accordance with IFRS and should not, on its own, be construed as indicators of performance, cash flow or profitability. References to the Renoworks' Adjusted EBITDA should be read in conjunction with the financial statements and management's discussion and analysis of Renoworks posted on SEDAR+ (www.sedarplus.ca).

Forward Looking Information

Certain statements in this news release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the Company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE RenoWorks Software Inc.

For further information, please contact: Doug Vickerson, CEO, Phone: [phone], E-mail: [email protected]; Sean Peasgood, Investor Relations, Phone: [phone], E-mail: [email protected]