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CLARIFING NEWS RELEASE
LABRADOR TECHNOLOGIES TO POSTPONE REPORTING FIRST QUARTER 2020 RESULTS DUE TO DELAYS CAUSED BY COVID-19

CALGARY, April 3, 2020 - Labrador Technologies Inc. (TSXV: LTX) ("Labrador" or the "Company") wishes to provide the fo
--->llowing clarification to the Company's news release dated March 31, 2020.  

The Company announced the postponement of filing its interim financial statements ("Financial Statements") and its int
--->erim management's discussion & analysis ("MD&A") for the interim period ended January 31, 2020 due to logistics and de
--->lays caused by the COVID-19. The Company will invoke the Alberta Securities Commission (the "Commission") blanket orde
--->r 51-517 (the "Blanket Order") for temporary exemption from certain corporate finance requirements.  Recent global eve
--->nts pertaining to COVID-19 has impacted the Company, its officers, directors and consultant's ability to rely on timel
--->y information and to meet to approve its financial statements and MD&A.

According to the ASC Blanket Order 51-517 ("Blanket Order"), during the period from March 23, 2020 to June 1, 2020 a p
--->erson or company required to make certain filings as described in the Blanket Order has an additional 45 days from the
---> deadline otherwise applicable under Alberta securities laws to make the filing according to certain disclosure obliga
--->tions by the Company.

Pursuant to the Blanket Order, the Company is relying on the relief therein for its Financial Statements required by s
--->ection 4.2 of National Instrument 51-102 and its MD&A required by subsection 5.1(2) of National Instrument 51-102.

The Company estimates that the required disclosure required by Alberta securities laws will be filed no later than May
---> 15, 2020.

Until the Company has filed and announced the required Financial Statements and MD&A, all management and other insider
--->s are subject to the Company's share trading and black-out policy that reflects the principles in section 9 of Nationa
--->l Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

There have been no material business developments since the date of the last audited financial statements were filed o
--->n February 28, 2019.

About Labrador Technologies 

Labrador Technologies Inc. is a Calgary, Alberta based technology company evaluating new opportunities in the technolo
--->gy sector. 

For further information, please contact: 

Kaan Camlioglu, Interim Chief Executive Officer 
T: (403) 818-1091 
E: kaan@labradortechnologies.com 

Dean Stuart 
T: (403) 617-7609 
E: dean@boardmarker.net

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ventu
--->re) accepts responsibility for the adequacy or accuracy of this release.