Mr. Ranjeet Sundher reports

DEEPMARKIT ANNOUNCES PROPOSED SHARE CONSOLIDATION, RESIGNATION OF DIRECTOR, AND CHANGE OF AUDITOR

DeepMarkit Corp. intends to consolidate its common shares on the basis of up to 40 preconsolidation shares for one postconsolidation share. The specific consolidation ratio will be determined by the company following receipt of shareholder approval. The company expects to hold a special meeting to vote on the consolidation on June 8, 2023. The materials for the meeting will be mailed to shareholders and copies will be available on the company's profile at SEDAR in accordance with the timelines set out in the Business Corporations Act (Alberta), and National Instrument 54-101 -- Communication with Beneficial Owners of Securities of a Reporting Issuer. If the consolidation is implemented, all outstanding options, warrants and restricted share units will be adjusted to reflect the consolidation. The company will provide more information about the consolidation, including the anticipated effective date, consolidation ratio and instructions to shareholders, following the meeting.

Resignation of director

The company announces that James Henning has resigned as a director of the company. The company thanks Mr. Henning for his services to the company and wishes him the very best in his future endeavours.

Auditor change

The company also announces that it has changed its auditors from Crowe MacKay LLP to SRCO Professional Corp., chartered professional accountants (SRCO).

Crowe resigned effective May 5, 2023. There were no modified opinions expressed in Crowe's reports on any of the company's audited financial statements, and no reportable events between the company and Crowe. In accordance with National Instrument 51-102 -- the Notice of Change of Auditor, together with the required letters from Crowe, as the former auditor, and SRCO, as the successor auditor, has been reviewed and approved by the DeepMarkit's board of directors and the reporting package has been filed on SEDAR.

The company is grateful to Crowe for its services as the company's auditor since 2008.

About DeepMarkit Corp.

DeepMarkit is a technology company focused on democratizing access to the voluntary carbon offset market by minting offsets into NFTs (non-fungible tokens). DeepMarkit is a software infrastructure company operating in the tokenization vertical of the blockchain. Its primary asset, MintCarbon.io, is a Web-based platform that facilitates the minting of carbon offsets into NFTs (based on the ERC-1155 standard) or other secure tokens (based on the ERC-20 standard).

We seek Safe Harbor.