(via TheNewswire)

Toronto, Ontario - May 12, 2026 - TheNewswire - Michael Wekerle (the “Acquiror”) announces that, on May 6, 2026 and May 7, 2026, the Acquiror acquired an aggregate of 50,000 common shares (the “Shares”) in the capital of Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) (“Orion Digital” or the “Issuer”) at a weighted average price of approximately C$1.398 per Share for aggregate consideration of approximately C$69,916 (the “Acquisition”). The Acquisition consisted of a series of purchases made over the facilities of the Toronto Stock Exchange and certain alternative markets where the Shares are posted for trading.

Prior to the Acquisition, the Acquiror beneficially owned, or exercised control or direction over, 2,370,959 Shares on a non-diluted basis, representing approximately 9.92% of the issued and outstanding Shares, and held 175,833 vested stock options (the “Options”), each Option exercisable to acquire one Share pursuant to the terms of the Company’s stock option plan. Including the Options, prior to the Acquisition, the Acquiror beneficially owned, or exercised control or direction over, 2,546,792 Shares and securities exercisable into Shares, representing approximately 10.58% of the issued and outstanding Shares (on a partially diluted basis).

Following completion of the Acquisition, the Acquiror beneficially owns, or exercises control or direction over, 2,420,959 Shares on non-diluted basis, representing approximately 10.13% of the issued and outstanding Shares, and, including the Options, beneficially owns, or exercises control or direction over, 2,596,792 Shares and securities exercisable into Shares, representing approximately 10.79% of the issued and outstanding Shares (on a partially diluted basis).

The foregoing percentages are based on 23,894,826 Shares issued and outstanding as of March 31, 2026, as set out in the Issuer’s interim condensed consolidated financial statements for the three months ended March 31, 2026, which are available under the Issuer’s profile on SEDAR+ at www.sedarplus.ca and are calculated in accordance with the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”).

The Shares were acquired for investment purposes. The Acquiror has a long-term view of the investment and may acquire additional securities of Orion Digital, or dispose of securities of Orion Digital, in the future, including on the open market or through private transactions, depending on market conditions, reformulation of plans and/or other relevant factors.

The Acquiror currently has no plans or intentions that relate to, or would result in, any of the matters listed in clauses (b) to (k) of Item 5 of the early warning report to be filed by the Acquiror on SEDAR+. Depending on market conditions, general economic and industry conditions, Orion Digital’s business and financial condition and/or other relevant factors, the Acquiror may develop such plans or intentions in the future.

This news release is being issued pursuant to NI 62-103. A copy of the early warning report with respect to the foregoing will be filed under Orion Digital’s SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting the Acquiror at the contact information below.

For further information, please contact:

Michael Wekerle 416-918-6234

mwekerle1@icloud.com

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