Mr. Jerry Trent reports

PRINCIPAL TECHNOLOGIES ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Principal Technologies Inc. has filed on SEDAR+ a notice of annual general and special meeting of shareholders. The AGSM is to be held on Tuesday, Dec. 12, 2023, at 9:30 a.m. Pacific Time. The information circular and proxy vote documents will be mailed to shareholders of record as of Oct. 30, 2023, and posted to the company's website.

Over the past year, the company has been actively identifying and evaluating medical technology opportunities with the goal of closing a significant acquisition within the next year. The company has benefited from the significant business experience, contacts and referrals of the current directors, all of whom will be put forward for re-election at the AGSM. Shareholders will also be asked to approve a 10-per-cent fixed stock option plan. This option plan will replace the existing equity compensation plan available to the chief executive officer. Shareholders are reminded that proxies must be received by 9:30 a.m. Pacific Time on Dec. 8, 2023.

We seek Safe Harbor.