Mr. Michel Guay reports

ATW TECH INC. ANNOUNCES ISSUANCE OF MANAGEMENT CEASE TRADE ORDER FOR LATE FILING OF ANNUAL AUDITED FINANCIAL STATEMENTS

The Autorite des marches financiers (AMF) has issued a management cease trade order (MCTO), dated May 2, 2023, in connection with the delay by ATW Tech Inc. in filing its audited financial statements, management's discussion and analysis, and related certification for the period ended Dec. 31, 2022, before the filing deadline of May 1, 2023.

The company has been working closely with its auditor and now expects to file the required documents by June 30, 2023.

The company's failure to file the required documents by the filing deadline is due to a delay caused by the process of changing the external auditor, which requires an additional period to complete the extensive internal audit and review procedures.

As previously announced, pursuant to the MCTO, Carlos Bedran, Michel Guay, Christian Trudeau and Louis Lessard may not trade securities of the company until such time as the company files the required documents and the AMF revokes the MCTO. The MCTO does not affect the ability to other shareholders to trade their securities.

The company is providing this updated status report in accordance with National Policy 12-203 (Management Cease Trade Orders). Until such time as the company files the required documents and the MCTO has been revoked, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing biweekly default status reports in the form of further press releases.

Pursuant to the provisions of the alternative information guidelines specified in NP 12-203, the company confirms that, as of the date of this news release and except as noted above, (a) that there have been no material change to the information contained in the default announcement that would reasonably be expected to be material to an investor; (b) there have been no failure by the defaulting company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is subject of the default announcement; and (d) there is no material information concerning the affairs of the company that has not been generally disclosed.

About ATW Tech Inc.

ATW Tech is a technology company, owner of several recognized technology platforms such as Semeon Analytics, Option.vote and Voxtel.

We seek Safe Harbor.