Mr. Patrick Blott reports

INTERMAP CONCLUDES 2023 ANNUAL GENERAL MEETING

Intermap Technologies Corp. has concluded its annual general meeting on June 29, 2023. A total of 18,554,350 Class A common shares of Intermap were represented in person or by proxy at the meeting.

During the AGM, Intermap reaffirmed its 2023 revenue guidance of $8-million to $10-million and showcased its commitment to innovation, cutting-edge technology and global geospatial solutions. The meeting served as a platform for the company's leadership to present key updates, financial results and operational highlights, including strategic outlook, pipeline and priorities. Today's presentation can be found on Intermap's website.

"We are continuing to grow our data margin by investing in automation, reducing fixed costs, employing AI/ML innovation and leveraging government-sponsored R&D," said Patrick A. Blott, Intermap chairman and chief executive officer. "Our revenue growth is driven by recurring commercial subscriptions and government contract awards. With our unique remote sensor capability and patented processing technology, we are poised to capitalize on the increasing demand for precision geospatial data, delivered seamlessly and rapidly around the world."

Intermap's shareholders voted in favour of all items of business put forward at the meeting, being the election of all nominated directors, the reappointment of KPMG LLP as the auditor of the company, and the replenishment and addition of the number of common shares issuable under the company's omnibus incentive plan, as more fully described in the company's management information circular dated May 26, 2023, a copy of which is available under the company's profile on SEDAR.

The votes in respect of the election of directors are as shown in the attached table.

About Intermap Technologies Corp.

Founded in 1997 and headquartered in Denver, Colo., Intermap is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3-D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the company provisions diverse, complementary, multisource data sets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap's 3-D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world's largest collection of multisensor global elevation data, the company's collection and processing capabilities provide multisource 3-D data sets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap's products and solutions include defence, aviation and UAV (unmanned aerial vehicle) flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas, and transportation.

We seek Safe Harbor.