Ms. Jen Bakken reports

INTERMAP ANNOUNCES INCREASE TO BOUGHT DEAL FINANCING TO $25 MILLION

Due to strong demand, Intermap Technologies Corp. has agreed with its syndicate of underwriters including Stifel Canada, Canaccord Genuity Corp. and Beacon Securities Ltd., to increase the size of its previously announced $20.1-million bought deal offering. Pursuant to the upsized deal terms, the underwriters have agreed to purchase, on a bought deal basis, 8,334,000 Class A common shares at a price of $3.00 per common share (the issue price) for aggregate gross proceeds to the company of $25,002,000.

The underwriters will also have the option, exercisable in whole or in part at any time on or up to 30 days after the closing date, to purchase up to an additional 1,250,100 common shares, to cover overallotments, if any, and for market stabilization purposes. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the offering will be $28,752,300.

The net proceeds of the offering will be used for working capital and general corporate purposes.

The offering is scheduled to close on or about Sept. 29, 2025 (the closing date), and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the Toronto Stock Exchange.

The common shares will be offered by way of a shelf prospectus supplement to be filed in each of the provinces of Canada (other than Quebec) pursuant to National Instrument 44-102 -- Shelf Distributions and in the United States on a private placement basis to qualified institutional buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the 1933 Act)) pursuant to Rule 144A of the 1933 Act and in compliance with applicable state securities laws.

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.