Mr. Tim Harvie reports

SPOTLITE360 IOT SOLUTIONS, INC. PROVIDES CORPORATE UPDATE

Further to the termination of the agreement and relationship with E3 Service Group LLC announced on Feb. 22, 2023, Spotlite360 IOT Solutions Inc. has returned all 20 million common shares previously issued to the shareholders of E3 for cancellation in exchange for the return of its 51-per-cent equity interest in E3. The company has no remaining equity interest in E3.

Spotlite360 is a publicly traded company on the Canadian Securities Exchange, OTC and Frankfurt Stock Exchange. The company was first listed in June, 2021, with its core focus to deliver software-as-a-service-based supply chain tracing, tracking, sustainability and proof of ESG (environmental, social and governance) solutions to the health care, pharmaceutical and agriculture industries.

About Spotlite360 IOT Solutions Inc.

Spotlite360 provides a fully integrated software-as-a-service-based enterprise tracing, tracking and collaboration solution that companies trust to achieve more sustainable and better performing supply chains. Spotlite360's solution is built on a scalable and fully customizable platform that leverages a broad array of RFID, IoT (Internet of Things) and sensor technologies to provide item level visibility, proof of origin, authenticity and chain of custody to its customers in pharmaceutical, health care and agriculture. Companies across all industries are needing to invest in more resilient, adaptable and collaborative supply chains to remain competitive. Current demand by consumers for proof of ESG, pressure across all industries to become more sustainable, new regulatory and legal requirements, and the need for companies to become more efficient are some of the factors contributing to demand for supply chain solutions. Spotlite360 will leverage its proven supply chain tracing and tracking solutions to meet this demand and transform logistics workflows for enterprise clients in its target markets.

We seek Safe Harbor.