Mr. Jerry Trent reports

PRINCIPAL TECHNOLOGIES ENGAGES OAK HILL FINANCIAL TO PROVIDE INVESTOR RELATIONS SERVICES

Principal Technologies Inc., subject to TSX Venture Exchange approval, has engaged Oak Hill Financial Inc., a Toronto-based investor relations firm, to provide market awareness and investor relations services to the company in compliance with TSX-V policies. Jonathan Robinson is a partner with Oak Hill and will be responsible for activities related to the company.

The engagement agreement with Oak Hill for advisory services is set for an initial three-month term, effective Sept. 25, 2023, with provisions for automatic renewals unless a written notice is provided by the company or Oak Hill within five business days of a monthly renewal. As part of the agreement, Oak Hill will receive $10,000 per month plus expenses preapproved by the company during the term of the agreement. The company has also agreed to compensate Oak Hill Asset Management (OHAM) in cash on the gross consideration of any financing completed during the initial term or for a period of six months thereafter where financing is sourced from parties introduced by OHAM. Such fee will be calculated as 4 per cent plus applicable taxes in cash of the gross amount sourced by OHAM and is payable on closing of such financing.

Oak Hill currently has no direct or indirect interest in the securities of the company, or any right or intent to acquire such an interest. The appointment of Oak Hill as an investor relations consultant of the company remains subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

Oak Hill is a leading investor relations and financial advisory firm specializing in small-cap companies. Oak Hill will increase awareness about the company through its established relationships with registered investment professionals, investment advisers and money managers focused on the small-cap and micro-cap market space. This will allow the company to build and maintain an informed investor audience in the Canadian marketplace.

We seek Safe Harbor.