Mr. Anthony Brown reports

AMPD VENTURES INC. ANNOUNCES BOARD OF DIRECTORS TRANSITION AND APPOINTMENT OF INTERIM CEO

Markus Windelen has stepped down as a member of the board of directors of AMPD Ventures Inc. In addition, the company has appointed Anthony Brown, co-founder and chairman of the board, as its interim chief executive officer, effective immediately.

Mr. Windelen has served as a valuable member of the board of directors since 2018, and his contributions and insights have played a significant role. The company expresses its sincere gratitude for Mr. Windelen's dedication and service to the organization and wishes him the best in his future endeavours. AMPD continues to explore structural changes while taking significant steps to reduce the burn, focus on the current growth opportunity with Departure Lounge and secure additional financing.

Mr. Brown, co-founder, and chairman, has stepped into the role of interim CEO. Mr. Brown has maintained continuing involvement since originally stepping down as CEO and has been working diligently on identifying potential investors to secure the additional financing needed.

"I have taken on the interim CEO role and am committed to getting the company through the current crisis," commented Mr. Brown. "I have been working to secure interest in potentially funding AMPD through strategic investors who see the value in the company. I look forward to working closely with our talented team to execute on our strategic initiatives and navigate the Company through these challenging times, to create value for our shareholders."

The board of directors is currently conducting a comprehensive search for a permanent CEO, and Mr. Brown will serve as interim CEO until a suitable candidate is identified. The company remains committed to executing its strategic objectives and enhancing its market position during this transition.

About AMPD Ventures Inc.

AMPD Ventures is a Canadian public company assembling a portfolio of synergistic subsidiaries to advance the way we create, distribute and consume digital content. It aims to build the world's most advanced, sustainable range of infrastructure, technologies and creative services for the new era of immersive content experiences. The AMPD portfolio currently comprises AMPD Technologies Inc., offering edge-based hosting solutions, and Departure Lounge Inc., focused on next-generation media production and creative services. Across the portfolio, AMPD Ventures works with leading partners and customers such as Advanced Micro Devices Inc., Epic Games Inc., Equinix Inc., Hammerspace Inc., HTC Corp., Intel Corp., NVIDIA Corp., OpenStack and Versatile Media.

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