Mr. Michel Guay reports

ATW TECH INC. PROVIDES UPDATE ON MCTO

ATW Tech Inc. is providing an update with respect to its previously announced management cease trade order (MCTO) issued by the corporation's principal regulator, the Autorite des marches financiers (AMF), on May 2, 2023. The MCTO was issued in connection with the delay by the Company in filing its audited financial statements, management's discussion and analysis and related certification for the period ended December 31, 2022 (collectively the " Required Documents "), before the prescribed deadline of May 1 st , 2023. The Corporation's Board of Directors and management confirm they are working expeditiously to file the Required Documents as soon as they are available but no later than June 30, 2023. 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 Corporation is providing this bi-weekly default status report in accordance with Policy Statement 12-203 Respecting Management Cease Trade Orders (" PS 12-203 "). Until such time as the Corporation files the Required Documents and the MCTO has been revoked, the Corporation intends to follow the provisions of the alternative information guidelines set out in PS 12-203, including the issuance of bi-weekly default status reports in the form of news releases.

Pursuant to the provisions of the alternative information guidelines specified in PS 12-203, the Corporation confirms that, as of the date of this news release, that there have been no material change to the information contained in the Default Announcement issued on May 1 st 2023 (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 PS 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.

ATW TECH PROFILE

ATW Tech is a technology company, owner of several recognized technology platforms such as Semeon Analytics, Option.vote and Voxtel. Semeon Analytics is a highly accurate and flexible text analysis platform for customer reviews and uses a unique combination of machine learning and natural language processing (NLP) to discover significant trends in customer reviews across all channels. Option.vote offers a customized multimethod voting system for unions, political parties, professional associations, and anyone looking for a secure way to reduce their voting costs and improve their participation rate. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines.

We seek Safe Harbor.