Mr. Stephen Matier reports

PHILIP JONES APPOINTED AS CHIEF FINANCIAL OFFICER FOR MARITIME LAUNCH SERVICES

Maritime Launch Services Inc. has added Philip Jones to its executive team as chief financial officer, effective March 1, 2024.

With over 27 years in the financial sector, Mr. Jones brings to the table an extensive background working with both public and private corporations. His experience spans across dynamic environments ranging from high growth to strategic turnarounds, with a focus on the technology and communications sectors.

"Philip's arrival comes at a critical juncture for Maritime Launch as we gear up for the operational phase of Spaceport Nova Scotia," said Stephen Matier, president and chief executive officer. "Philip's proven proficiency in raising capital, through both debt and equity in various corporate settings, aligns perfectly with our expansion plans and the financial agility that is required for our next phase of growth. Philip's experience will be fundamental to ensuring financial health and operational excellence for Maritime Launch."

Throughout his career, Mr. Jones has raised approximately $180-million in debt and equity financing, and he has demonstrated a robust track record of success, particularly in corporate strategy, risk and investor relations. This experience is instrumental as Maritime Launch continues to foster relationships within the financial services and space industries.

"We extend our gratitude to Keith Abriel, who was instrumental in guiding us through our start-up phase, including the process of taking our company public," says Mr. Matier. "Keith's dedication to our mission, coupled with his financial stewardship, have laid a solid foundation for the company's future."

As a seasoned professional, Mr. Jones's operationally focused approach is a strategic fit that will ensure that Maritime Launch meets its corporate strategy goals.

About Maritime Launch Services Inc.

Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. Spaceport Nova Scotia will allow launch vehicles to place their satellites into low Earth orbit. Spaceport Nova Scotia is Canada's first commercial orbital launch complex.

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