Mr. Sai Chu reports

URTHECAST ANNOUNCES THE SIGNING OF NEW US$30M CONTRACT FOR URTHEDAILY DATA SERVICES

Urthecast Corp. has signed a binding contract for $30-million (U.S.) to provide data from the company's planned UrtheDaily satellite constellation.

The contract is with Moscow-based TerraTech JSC, a commercial provider of Earth observation and geoinformation services and a subsidiary of the Russian Space Agency, Roscosmos. The contract is for $10-million (U.S.) annually over the first three years of UrtheDaily operations, with an option for an additional two years ($20-million (U.S.) above the initial contract).

This contract brings UrtheDaily's annual binding contractual commitments to $34-million (U.S.) and total revenue backlog to $255-million (U.S.).

About Urthecast Corp.

Urthecast is a Vancouver-based company that serves the rapidly growing and evolving geospatial and geoanalytics markets with a wide range of information-rich products and services. The company currently owns and operates two Earth observation (EO) satellites, Deimos-1 and Deimos-2. Together with its exclusive partnerships, spanning an additional 20 satellites, Urthecast processes and distributes imagery data and value-added products on a global scale to partners and customers in multiple markets. Urthecast is also launching UrtheDaily, a satellite constellation that will be the most advanced change detection system in the world, designed to capture daily, scientific grade, high-quality, medium resolution optical imagery of the Earth's entire landmass (excluding Antarctica).

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