Mr. Henri Petit reports

EMERGIA INC. PROVIDES A STATUS UPDATE

Emergia Inc. has provided a status update related to the management cease trade order (MCTO) initially issued by the British Columbia Securities Commission (BCSC) on May 2, 2023, in accordance with National Policy 12-2023 (Management Cease Trade Order).

The MCTO was issued against the corporation's chief executive officer and its chief financial officer because the corporation failed to file its audited financial statements for the fiscal year ended Dec. 31, 2022, including the related management discussion and analysis on or before April 30, 2023, as required under Part 4 and Part 5 of National Instrument 51-102 (Continuous Disclosure Obligations).

The corporation was later granted an extension deadline to July 14, 2023, to file the 2022 annual financial filings and 2023 quarterly interim filings.

The failure-to-file cease trade order (FFCTO) was issued against the corporation on July 19, 2023, due to the non-respect of the extended deadline, in accordance with the National Policy 11-207 (Failure-to-File Cease Trade Orders in Multiple Jurisdictions).

While during the MCTO, the trade in the corporation's common shares is only forbidden to corporation's chief executive officer and chief financial officer, but not to the general public, during the CTO, all trades are forbidden until the annual financial fillings have been filed and the executive director of the BCSC revokes the CTO.

The corporation continues to closely collaborate with the auditors and appraisers to file the 2022 annual financial filings and 2023 quarterly interim filings by September at the latest.

About Emergia Inc.

Emergia operates mainly in Canada in the development, acquisition and management of multipurpose real estate, including retail, multifamily, industrial and office buildings, as well as land for future development. The corporation's investment platform is based on an integrated, agile and efficient develop-to-own strategy that enables Emergia to benefit from development profits and the value-add while securing stable long-term returns.

We seek Safe Harbor.