Mr. Chris Beck reports

CALDWELL ANNOUNCES CLOSING OF A PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2.9M

The Caldwell Partners International Inc. has closed a non-brokered private placement financing of $2,942,591.20 through the issuance of 3,678,239 common shares at a price of 80 cents per common share.

The proceeds of the offering will be used for general corporate and working capital purposes, including an allocation of funds for the recruitment of new partners. All securities issued pursuant to the offering are subject to a four-month hold period from the closing date in accordance with applicable Canadian securities laws.

"The new capital will provide the company additional financial flexibility as we execute on our strategic growth plans and further aligns our stakeholders," said John Wallace, chief executive officer. "We are pleased that this group of subscribers includes both new outside investors who see a great deal of promise in our story, as well as a large number of our own board, management and partner teams, who know what we are all about and believe strongly in where we are going."

The company paid a cash finder's fee in the amount of $33,600, to a registered finder, which was equal to 7 per cent of the gross proceeds raised by purchasers introduced by such registered finder.

Of the proceeds raised under the offering, $982,000 was subscribed by insiders of the company, constituting a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority approval requirements in sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value of the transaction, insofar as it involves related parties, is not more than the 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the expected closing date of the offering as the details of the offering and the participation therein by each related party of the company were not settled until shortly prior to the closing of the offering.

About The Caldwell Partners International Inc.

Caldwell Partners is a technology-powered talent acquisition firm specializing in recruitment at all levels. Through two distinct brands, Caldwell and IQTalent, the firm leverages the latest innovations in AI to offer an integrated spectrum of services delivered by teams with deep knowledge in their respective areas. Services include candidate research and sourcing through to full recruitment at the professional, executive and board levels, as well as a suite of talent strategy and assessment tools that can help clients hire the right people, then manage and inspire them to achieve maximum business results.

Caldwell Partners' common shares are listed on the Toronto Stock Exchange (symbol CWL) and trade on the OTCQX (symbol CWLPF).

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