Mr. Fred Vandenberg reports

DESTINY MEDIA TECHNOLOGIES INC. ANNOUNCES NORMAL COURSE ISSUER BID

Destiny Media Technologies Inc. intends to conduct a normal course issuer bid, pursuant to which the company may purchase up to a maximum of 506,213 shares of common stock in the capital of the company, representing approximately 5 per cent of the outstanding shares. No more than 2 per cent of the outstanding shares may be purchased in any 30-day period.

The company intends to commence the bid on or about May 5, 2023, and terminate the bid on or about May 4, 2024. Purchases pursuant to the bid will be made from time to time by RBC Dominion Securities Inc. on behalf of the company through the facilities of the TSX Venture Exchange. Shares purchased will be paid for with cash available from the company's working capital. All shares purchased pursuant to the bid will be returned to treasury as authorized but unissued shares.

The company sees tremendous growth opportunities that can be pursued by reinvesting existing profitability. The company is of the view that the recent market prices of its shares do not properly reflect the underlying value of the shares. No insiders of the company intend to participate in the bid.

About Destiny Media Technologies Inc.

Destiny provides software-as-a-service (SaaS) solutions to businesses in the music industry, solving critical problems in distribution and promotion. The core service, Play MPE, provides promotional music marketing to engaged networks of decision makers in radio, film, TV and beyond.

We seek Safe Harbor.