Mr. Sai Chu reports

URTHECAST CORP. ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

All resolutions put forward at UrtheCast Corp.'s annual general and special meeting of shareholders held today were passed with strong support from shareholders.

Based on proxies received in advance and voted at the meeting, 44,081,427 common shares of the company, representing 36.3 per cent of the company's issued and outstanding common shares as at the record date, were voted. This is an increase from 22 per cent of issued and outstanding common shares voted at last year's annual meeting.

All management nominees listed in the company's management information circular dated May 30, 2018, were elected as directors of the company until the next annual meeting of shareholders. The results are set out in the attached table.

Director nominee       Votes for Votes withheld  Percentage for  Percentage withheld

William M. Evans      30,982,832     10,121,809           75.38%               24.62%             
James Topham          30,988,332     10,116,309           75.39%               24.61%             
Mark J. Piegza        35,445,235      5,659,406           86.23%               13.77%             
Adam M. Vore          35,457,235      5,647,406           86.26%               13.74%             
John (Jack) Shannon   34,290,416      6,814,225           83.42%               16.58%             
Andreas M. Georghiou  34,292,416      6,812,225           83.43%               16.57%             

At the meeting the resolution was also passed to amend general bylaw No. 1 of the company to increase the number of permitted directors who are not Canadian residents to 75 per cent in accordance with the residency requirements of the Business Corporations Act (Ontario). In addition, PricewaterhouseCoopers LLP, Chartered Professional Accountants, was appointed as auditor of the company.

Item                        Votes for  Votes against/   Percentage for  Percentage against/
                                            withheld                              withheld

Amend general bylaw No. 1  34,388,126      6,716,515             83.66%              16.34%                       
Appointment of auditor     41,627,245      2,439,382             94.46%               5.54%                        

Final voting results on all matters voted on at the meeting will be filed on SEDAR.

About UrtheCast Corp.

UrtheCast is a Vancouver-based technology company that serves the rapidly evolving geospatial and geoanalytics markets with a wide range of information-rich products and services. The company operates Earth observation (EO) sensors in space, through its subsidiary Deimos Imaging SLU, including two satellites, Deimos-1 and Deimos-2, to produce imagery data for partners and customers in multiple markets. UrtheCast processes and distributes imagery data and value-added products on behalf of the PanGeo Alliance, a network of seven satellite operators with a combined 13 medium- and high-resolution EO sensors.

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