Mr. Kevin Mills reports

POSERA ANNOUNCES RESIGNATION OF EXECUTIVE CHAIR AND APPOINTMENT OF INTERIM CHAIR

Loudon Owen has resigned as executive chair of Posera Ltd. Mr. Owen, as Posera's former chief executive officer and then executive chair, led the review of the company's operations following the departure of the former chief executive officer of the company and oversaw the implementation of an updated business plan for the company that included an internal reorganization of the company's business divisions to make them sustainable and profitable, the divestiture of non-core operations, securing capital for the company, and pursuing other strategic opportunities. The board of directors wishes to thank Mr. Owen for his leadership and initiative in advancing the business interests of Posera.

Mr. Owen's resignation will permit him to focus on the business of DLT Labs Inc., a global leader in data management solutions for enterprises powered by blockchain. Mr. Owen is the chairman, chief executive officer and a shareholder of DLT Labs. In October, 2017, Posera announced that it had established a joint venture with DLT Labs to deliver blockchain technology into the hospitality point-of-sale and payments ecosystem. The parties continue to work together in furtherance of their business relationship and may also explore other strategic opportunities. In that regard, on May 9, 2018, Posera announced that it had established a credit facility to provide financial resources and liquidity to DLT Labs for the purpose of accelerating its development efforts while providing Posera with an opportunity to participate in DLT Labs' initiatives.

The company has entered into a transition services agreement with a company controlled by Mr. Owen to ensure an orderly transfer of responsibility for execution of the company's business plan and various initiatives being evaluated by the company.

In conjunction with Mr. Owen's resignation, Edwin Nordholm has been appointed interim chair of Posera. Mr. Nordholm, currently an independent director of the board of Posera, is a business lawyer with extensive experience in corporate finance, mergers and acquisitions transactions, and corporate restructuring. Currently, Mr. Nordholm is an executive vice-president of Anthem Sports & Entertainment Corp. and also serves as the president of Anthem Wrestling Exhibitions LLC. As such, Mr. Nordholm has both executive and advisory experience working with businesses in transition, rationalizing costs, and developing creative solutions to financially challenging situations.

About Posera Ltd.

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

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