Mr. Romain Nouzareth reports

FILING OF MATERIAL CONTRACTS IN CONJUNCTION WITH CONTINUOUS DISCLOSURE REVIEW

Sato Technologies Corp. has filed additional documents on SEDAR+ following a routine continuous disclosure review by staff of the Ontario Securities Commission (OSC). During the course of the review, the company identified that the original loan agreement with Sygnum Bank AG, signed on July 15, 2022, had not been filed when it should have been and filed that as a material contract. At the request of the staff of the OSC, the company has refiled the loan agreement and the July 19, 2023, amendment thereto, with certain redactions removed, and has also filed the following additional documents as material contracts on SEDAR+:

• Terms and conditions under which the company supplies computing power to the Foundry USA pool;
• Sygnum's general terms and conditions, which are incorporated by reference into the loan agreement;
• Sygnum's custody regulations for digital assets, which are incorporated by reference into the loan agreement.

Sato had not previously considered these additional documents to be material contracts but has accepted the view of the OSC that this information should be made available for investors and shareholders to include in their consideration when buying or selling shares of the company.

The company is issuing this news release in accordance with OSC Staff Notice 51-711 (Revised) -- Refilings and Corrections of Errors (SN 51-711), and will be placed on the public list of refiling and errors in accordance with SN 51-711.

About Sato Technologies Corp.

Sato, founded in 2017, is a publicly listed company providing efficient computing power. The company currently operates one centre tailored to provide computing power for bitcoin mining, but may look to expand or add additional centres for computing power for bitcoin mining, high-power computing (HPC), artificial intelligence (AI) and L2s. The company is listed on the TSX Venture Exchange and OTCQB.

We seek Safe Harbor.