Ms. Madeleine Cohen reports

BOAT ROCKER ANNOUNCES TSX ACCEPTANCE OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has approved Boat Rocker Media Inc.'s intention to make a normal course issuer bid (NCIB) for its subordinate voting shares as appropriate opportunities arise from time to time. The NCIB will commence on Sept. 1, 2023, and terminate Aug. 31, 2024.

Under the NCIB, and subject to the market price of its subordinate voting shares and other considerations, over the next 12 months Boat Rocker may purchase up to 500,000 subordinate voting shares, representing approximately 1.5 per cent of its issued and outstanding subordinate voting shares as at Aug. 18, 2023. There were 32,796,938 subordinate voting shares outstanding as at Aug. 18, 2023. Daily purchases will be limited to 1,000 subordinate voting shares, other than pursuant to block purchase exemptions. Purchases may be made on the open market through the facilities of the TSX and/or other Canadian alternative trading systems at the market price at the time of acquisition, as well as by other means as may be permitted by TSX rules and/or applicable securities laws. Any tendered shares taken up and paid for by Boat Rocker will be cancelled. The company plans to finance the NCIB purchases from its existing cash balance.

Boat Rocker previously maintained a normal course issuer bid for the 12-month period commencing on Sept. 1, 2022, and ending on Aug. 31, 2023, under which Boat Rocker sought and received approval from the TSX to purchase up to one million shares. As of Aug. 30, 2023, Boat Rocker has purchased 12,562 shares under the 2022 NCIB at a weighted average purchase price of $2.707 per share through the facilities of the TSX and alternative Canadian trading systems.

The company is commencing this NCIB because management and the board believe that the market price of the company's subordinate voting shares does not reflect the intrinsic value of the company, and the repurchase of the stock would be in the best interests of the company and its shareholders and would represent an attractive and appropriate use of available funds. Decisions regarding the amount and timing of future purchases of subordinate voting shares will be based on market conditions, share price and other factors, and will be at management's discretion.

About Boat Rocker Media Inc.

Boat Rocker is the home for creative visionaries. An independent, integrated global entertainment company, Boat Rocker's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, Boat Rocker's creative and commercial capabilities include scripted, unscripted, and kids and family television production, distribution, brand and franchise management, a world-class animation studio, and talent management through Untitled Entertainment.

We seek Safe Harbor.