File: '\\swfile\EmailIn\20240402 090641 Attachment Spectra Products Press release 2023 AGM.docx'

Spectra Products Inc. Provides Results from Annual Shareholder Meeting 2023

For Immediate Release - April 2, 2024

Toronto, Ontario - Spectra Products Inc. (SSA: TSX VENTURE) (the "Corporation") is pleased to announce that all resolutions considered at its 2023 annual meeting (the "Meeting") of shareholders on March 19, 2024 were approved by its shareholders.

Shareholder Approved Resolutions:

fix the number of directors to be elected at the Meeting at four (4) members;

consider, and if thought appropriate, pass an ordinary resolution electing four (4) directors of the Corporation;

appoint the auditors of the Corporation and authorize the directors to fix their remuneration as such;

consider and, if thought appropriate, pass an ordinary resolution ratifying the Corporation's existing stock option plan;

transact such other business as may properly be brought before the Meeting or any adjournment(s) thereof.

These resolutions voted on at the meeting are described in more detail in Spectra Products Notice of Annual General and Special Meeting of Shareholders dated February 12, 2024.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel and safety products for the transportation industry. These products include Brake Safe(TM), Brake Inspector(TM), Zafety Lug Lock(TM), Hub Alert(TM) as well as the Termin-8R(TM) line of anti-corrosion and extreme pressure lubricants.

Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporations' customers. Actual results and developments may therefore differ materially from those described in this release.

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

On behalf of the Board of Directors,

Andrew Malion, President, Spectra Products Inc.

Investor Relations: 1-800-308-5255

E-Mail: info@spectrainc.ca

Website: www.spectrainc.ca

______________________________________________________________________ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.