Mr. Francis Letourneau reports

NURAN ANNOUNCES ISSUANCE OF MANAGEMENT CEASE TRADE ORDER BY THE BCSC

Nuran Wireless Inc. will not be in a position to file its audited annual financial statements, management's discussion and analysis, and related officer certifications for the fiscal year ended Dec. 31, 2022, on or before the filing deadline of May 1, 2023, as required under applicable Canadian securities laws.

The company has been delayed in meeting the deadline for its annual filings due to delays associated with the auditing of the company's new subsidiaries in Africa and Mauritius, which are required to be audited in connection with the closing of the company's proposed loan agreements with European Investment Bank and Finnish Fund for Industrial Cooperation Ltd. As a result, the company applied for a management cease trade order under National Policy 12-203 (Management Cease Trade Orders). An MCTO has been granted by the company's principal regulator, the B.C. Securities Commission.

The MCTO restricts trading in securities of the company by management of the company until such time as the annual filings have been filed by the company and the MCTO is no longer in effect. The MCTO does not affect the ability of shareholders to trade their securities, and the general investing public will continue to be able to trade in the company's common shares. However, the company's chief executive officer and chief financial officer will not be able to trade in the company's common shares until such time as the annual filings have been filed and all continuous disclosure requirements have been satisfied by the company and the MCTO has been revoked by the BCSC.

The company is working diligently with its auditor, and the company expects to have the audit of the annual filings completed no later than May 12, 2023. The company will issue a news release once the annual filings have been filed. The company confirms that it intends to satisfy the provisions of Section 4.4 of NP 12-203 and issue biweekly default status reports for so long as the company remains in default of the financial statement filing requirement. Such report will disclose any material changes to the information in this release, all actions taken by the company to remedy the default, particulars of any failure by the company to fulfill these provisions, any subsequent defaults of the company requiring a default announcement and any other material information concerning the affairs of the company not previously disclosed. The company is not be subject to any insolvency proceedings, nor is there in other material information concerning the affairs of the issuer that has not been generally disclosed.

About Nuran Wireless Inc.

Nuran is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G and 4G technologies, Nuran offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably.

We seek Safe Harbor.