Ms. Jennifer Bakken reports

INTERMAP TECHNOLOGIES FILES PROSPECTUS SUPPLEMENT

Intermap Technologies Corp. has filed a prospectus supplement to its short form base shelf prospectus dated Sept. 15, 2025, with respect to its previously announced bought deal public offering of 8,334,000 Class A common shares at a price of $3 per common share, for aggregate gross proceeds to the company of $25,002,000.

The prospectus supplement has been filed in each of the provinces of Canada (other than Quebec) pursuant to National Instrument 44-102 (Shelf Distributions). The common shares are being qualified for distribution in each of the provinces of Canada (other than Quebec) pursuant to the prospectus supplement and in the United States on a private placement basis to qualified institutional buyers (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended) pursuant to Rule 144A of the 1933 act and in compliance with applicable state securities laws.

The offering is being underwritten by a syndicate of underwriters led by Stifel Nicolaus Canada Inc. and including Canaccord Genuity Corp. and Beacon Securities Ltd.

The company has granted the underwriters an overallotment option, exercisable in whole or in part at any time up to 30 days after the closing date of the offering, 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 overallotment option is exercised in its entirety, the aggregate gross proceeds of the offering will be $28,752,300. The offering is scheduled to close on or about Sept. 29, 2025, 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 company intends to use the net proceeds of the offering for working capital and general corporate purposes, as more particularly described in the prospectus supplement.

Access to the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement and the corresponding base shelf prospectus are, and any amendment thereto, if any, will be, within two business days, accessible on SEDAR+.

An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from the company, at 385 Inverness Parkway, Suite 105, Englewood, Colo., 80112, United States, by telephone at 1-303-708-0955 or by e-mail at CFO@intermap.com by providing the contact with an e-mail address or address, as applicable.

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 has collection and processing capabilities that 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 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.

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