Mr. Francois Bolduc reports

SUPREMEX ANNOUNCES NORMAL COURSE ISSUER BID

Supremex Inc. has received approval from the Toronto Stock Exchange to purchase for cancellation, by way of a normal course issuer bid (NCIB), up to 1,294,058 of its common shares, representing approximately 5 per cent of its 25,881,169 issued and outstanding common shares as of Aug. 18, 2023.

Purchases under the NCIB will be made through the facilities of the TSX and/or alternative trading systems in Canada, if eligible, in accordance with applicable securities laws and regulations, over a maximum period of 12 months, beginning on Aug. 31, 2023, and ending on Aug. 30, 2024. The price to be paid by Supremex for any common share will be the market price at the time of acquisition. All common shares purchased pursuant to the NCIB will be cancelled.

The average daily trading volume of Supremex's common shares over the six completed calendar months prior to the date hereof, as calculated in accordance with TSX rules, is 39,228 common shares. Accordingly, under TSX rules, Supremex is entitled to purchase, on any trading day, up to 9,807 common shares, representing 25 per cent of such average daily trading volume.

In connection with the NCIB, the company entered into an automatic share purchase plan. Under the automatic share purchase plan, the company's broker may repurchase common shares which it would ordinarily not be permitted to due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by the company's broker based on the parameters prescribed by the TSX and applicable Canadian securities laws and the terms of the parties' written agreement. The automatic share purchase plan has been precleared by the TSX and will be implemented effective as of Aug. 31, 2023.

Supremex believes that, from time to time, the purchase of its common shares under the NCIB is an appropriate and desirable use of available cash to increase shareholder value.

From Aug. 31, 2022, to Aug. 18, 2023, Supremex repurchased 131,700 of its outstanding common shares through the facilities of the TSX and/or alternative trading systems in Canada under a normal course issuer bid, at a weighted average price per share of $4.9346. The TSX had approved the purchase of 1,301,713 common shares under a normal course issuer bid over that period.

About Supremex Inc.

Supremex is a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions. Supremex operates 11 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States, employing over 1,000 people. Supremex's growing footprint allows it to efficiently manufacture and distribute envelope and packaging solutions designed to the specifications of major national and multinational corporations, direct mailers, resellers, government entities, SMEs (small- and medium-sized enterprises) and solution providers.