Mr. Patrick Blott reports

INTERMAP CLOSES PRIVATE PLACEMENT

Intermap Technologies Corp. has closed a private placement for aggregate proceeds of $885,000 (Canadian). Unless otherwise indicated, all dollar references are expressed in U.S. dollars.

The Private Placement included two tranches, with the first tranche consisting of the issuance of 1,650,000 units ("Units") and the second tranche consisting of the issuance of 120,000 units, of which 20,000 units were acquired by insiders. Each Unit consists of one Class A common share of the Company (a "Share"), issued at a price of C$0.50, and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase oneadditional Share at an exercise price equal to the United States Dollar ("USD") equivalent of C$0.80 per Share, which is exercisable for two years from the date of issuance.

"We appreciate the support of long-term investors as we prepare to execute on upcoming opportunities," said Patrick A. Blott, Intermap Chairman and CEO. "This funding will partially fund pursuit costs associated with upcoming government contracts in the United States and abroad."

Under the Private Placement, Intermap also issued 81,000 warrants ("Finder Warrants") to certain finders. Each Finder Warrant is exercisable for one Share for two years from the date of issuance to each finder at a price of $0.39607 per Share, being the USD equivalent of C$0.528. The exchange rate used to calculate the USD equivalent exercise price for each the Warrants and the Finder Warrants was the Bank of Canada's latest published rate for the business day immediately prior to the issuance of same.

All securities issued in connection with the Private Placement are subject to a 4-month and 1 day hold period, during which time trading in the securities is restricted in accordance with applicable securities laws. The Toronto Stock Exchange conditionally approved the Private Placement and the listing of the Shares issued thereunder and the Shares issuable upon exercise of the Warrants prior to closing the Private Placement.

About Intermap Technologies

Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D 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, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap's 3D 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 multi-sensor global elevation data, the Company's collection and processing capabilities provide multi-source 3D datasets 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 defense, aviation and UAV 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.