Mr. Adam Zaghloul reports

NTG CLARITY ANNOUNCES CLOSING OF ITS BROKERED LIFE OFFERING

NTG Clarity Networks Inc. has closed its previously announced brokered private placement. Canaccord Genuity Corp. acted as lead agent and sole bookrunner, for and on behalf of a syndicate of agents, in connection with the private placement, pursuant to which NTG issued an aggregate of 4,044,845 units at a price of $2.20 per unit, for aggregate gross proceeds of approximately $9.0-million.

Each unit consists of one common share of the company one-half of one common share purchase warrant of the company. Each warrant is exercisable to acquire one common share of the company at a price of $2.95 per warrant share for a period of 24 months following the date hereof.

The units were issued pursuant to the listed issuer financing exemption (LIFE) from the prospectus requirement available under Part 5A of National Instrument 45-106, Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued under the LIFE will not be subject to any hold period in accordance with applicable Canadian securities laws.

The company intends to use the net proceeds of the offering to support the expansion and delivery of its digital transformation solutions and for working capital and general corporate purposes. The offering remains subject to the final approval of the TSX Venture Exchange.

"Our ability to consistently and rapidly grow revenue while remaining profitable highlights the strength and scalability of our model," said Adam Zaghloul, vice-president, strategy and planning, for NTG Clarity. "This capital further reinforces our balance sheet at a time when stability and scale matter more than ever to large enterprise clients. It enables us to confidently pursue larger contracts, deepen our presence across the Gulf region and evaluate strategic opportunities as part of our long-term growth strategy."

In connection with the offering, the agents were paid a cash commission equal to 6.0 per cent of the gross proceeds of the offering (subject to a reduction to 3.0 per cent of the gross proceeds in respect of sales to certain subscribers agreed to by the agents and the company). As additional consideration, the company issued to the agents warrants of the company in an amount equal to 6 per cent of the number of units issues under the offering. Each broker warrant entitles the holder thereof to acquire one common share at a price of $2.20 per broker warrant share for a period of 24 months following the closing date. The broker warrants and any broker warrant shares issuable upon exercise thereof will be subject to a statutory hold period expiring four months and one day following the date of issue in accordance with applicable Canada securities laws.

About NTG Clarity Networks Inc.

NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking and IT (information technology) solutions to large enterprises including financial institutions and network service providers. More than 1,200 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises.

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