Ms. Jennifer Bakken reports

INTERMAP TECHNOLOGIES CLOSES BOUGHT DEAL PUBLIC OFFERING FOR GROSS PROCEEDS OF $28,752,300, INCLUDING THE FULL EXERCISE OF THE OVER-ALLOTMENT OPTION

Intermap Technologies Corp. has closed its previously announced and upsized bought deal public offering of 9,584,100 Class A common shares in the capital of the company at a price of $3 per common share for aggregate gross proceeds to the company of $28,752,300, including the full exercise of the overallotment option granted to the underwriters (as defined herein).

The offering was underwritten by a syndicate of underwriters led by Stifel Nicolaus Canada Inc., and included Canaccord Genuity Corp. and Beacon Securities Ltd.

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 (as defined herein). The offering remains subject to the final approval of the Toronto Stock Exchange.

Patrick A. Blott, Intermap's chairman and chief executive officer, said: "The success of this offering reflects investment from long-term, growth-oriented institutions that recognize the critical value our customers place on Intermap's proprietary GEOINT data products. We are pleased with the strong demand, resulting in oversubscription and upsizing of the offering. A stronger balance sheet matches our objective to increasingly embed exquisite mission-critical GEOINT in our customer workflows."

The offering was completed by way of a prospectus supplement to the short form base shelf prospectus of the company dated Sept. 15, 2025, which supplement was filed on Sept. 24, 2025. The base shelf prospectus and the prospectus supplement can be found on SEDAR+, and contain important detailed information about the offering.

In connection with the offering, the company paid the underwriters an aggregate cash commission of $1,725,138 and issued the underwriters an aggregate of 575,046 compensation warrants. Each broker warrant entitles the holder thereof to purchase one common share at $2.1758 (U.S.), at any time until Sept. 29, 2027.

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.

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