Mr. Jon Faber reports

PASON TO HOLD VIRTUAL AGM AND RELEASE 2024 FIRST QUARTER RESULTS ON MAY 2, 2024

Pason Systems Inc. will be holding its annual and special meeting of shareholders on Thursday, May 2, 2024, at 3:30 p.m. MT, via live audio webcast. Additional details on how to access and log into the meeting are provided on Pason's website.

Pason also intends to release its 2024 first quarter results after the markets close on Thursday, May 2, 2024. Pason will be conducting a conference call for interested analysts, brokers, investors and media representatives to review its 2024 first quarter results at 9 a.m. MT on Friday, May 3, 2024. The conference call dial-in numbers are 1-888-664-6383 or 1-416-764-8650, and the call will be simultaneously audio webcast via the company's website. You can access the 14-day replay by dialling 1-888-390-0541 or 1-416-764-8677, using password 423735 followed by the pound key. An archived audio webcast of the conference call will also be available on Pason's website.

About Pason Systems Inc.

Pason is a leading global provider of specialized data management systems for drilling rigs. The company's solutions, which include data acquisition, wellsite reporting, remote communications, Web-based information management and analytics, enable collaboration between the rig and the office. Through Intelligent Wellhead Systems Inc. (IWS), the company also provides engineered controls, data acquisition and software to automate workflows and processes for oil and gas well completions operations, improving wellsite safety and efficiency. Through Energy Toolbase Software Inc. (ETB), the company also provides products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects.

Pason's common shares trade on the Toronto Stock Exchange under the symbol PSI.