An anonymous director reports

REKLAIM ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL SHAREHOLDERS MEETING AND SHAREHOLDER APPROVAL OF OMNIBUS EQUITY INCENTIVE PLAN

All matters submitted to shareholders for approval at Reklaim Ltd.'s annual general and special meeting of shareholders held on Aug. 23, 2023, were approved. At the meeting, all director nominees, Neil Sweeney, Robert Fernicola, Kevin Shea, Brad Marks, Andrew Elinesky and Jason Maguire, were re-elected as directors of the company. Shareholders also voted in favour of reappointing MNP LLP as auditor of the company for the ensuing year and authorized the board of directors of the company to fix its remuneration.

In addition, shareholders of the company approved the omnibus equity incentive plan to replace the existing stock option plan. The omnibus incentive plan is a rolling up-to-10-per-cent and fixed up-to-10-per-cent share-based compensation plan pursuant to which up to an aggregate of 10 per cent of the common shares issued and outstanding may be reserved for issuance under it and any other security-based compensation plans of the corporation, in the form of stock options, restricted share units (RSUs), deferred share units (DSUs) and performance share units (PSUs). A copy of the omnibus incentive plan and further details are included in the company's management information circular regarding the meeting dated July 27, 2023, and available on SEDAR+. The omnibus incentive plan remains subject to the final approval of the TSX Venture Exchange.

Corporate update

The company is pleased to announce that it entered into a debt settlement agreement executed on July 11, 2023, to satisfy certain outstanding indebtedness owed to a specific arm's-length creditor through the issuance of common shares of the company. The company plans to settle indebtedness of $100,000 by issuing two million common shares of Reklaim at a deemed price of five cents per common share.

The company's goal in effecting the debt settlement is to preserve its working capital. The debt settlement is subject to the approval of the TSX Venture Exchange. The common shares issued pursuant to the debt settlement will be subject to a four-month hold period from the date of issuance.

Additionally, as incorrectly stated in a previous release dated Aug. 10, 2023, the securities issued through the private placement financing highlighted in this Aug. 10 release will be subject to a hold period expiring on Jan. 21, 2024, rather than Sept. 25, 2021, as first reported.

About Reklaim Ltd.

Offering compliant, zero party data to Fortune 500 brands, platforms and data companies, Reklaim allows consumers to visit the platform, confirm their identity, and unveil data collected and sold without the consumer's explicit consent for years. Reklaim enables consumers to take back control of these data by setting up a Reklaim account where, should they choose to, they can be compensated for their data.

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