Mr. Murray Mullen reports

MULLEN GROUP LTD. ANNOUNCES DECLARATION OF MONTHLY DIVIDEND

The board of directors of Mullen Group Ltd. has declared a monthly dividend of six cents per common share payable to the holders of record of common shares at the close of business on April 30, 2024. The dividend will be paid on May 15, 2024.

For Canadian resident shareholders, this dividend is designated as an eligible dividend for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

About Mullen Group Ltd.

Mullen Group is one of Canada's largest logistics providers. The company's network of independently operated businesses provide a wide range of service offerings, including less-than-truckload, truckload, warehousing, logistics, transload, oversized third party logistics and specialized hauling transportation. In addition, the company provides a diverse set of specialized services related to the energy, mining, forestry and construction industries in Western Canada, including water management, fluid hauling and environmental reclamation. The corporate office provides the capital and financial expertise, legal support, technology and systems support, shared services, and strategic planning to its independent businesses.

Mullen Group is a publicly traded corporation listed on the Toronto Stock Exchange under the symbol MTL.