Mr. Michael Rodyniuk reports

FLUROTECH ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING

Further to Flurotech Ltd.'s news release dated April 19, 2024, the company has completed its non-brokered private placement financing of common shares of Flurotech at a price of 7.5 cents per common share, which was oversubscribed for aggregate gross proceeds of $1-million.

The private placement was completed in connection with the proposed business combination of the company with Great Slave Helicopters 2018 Ltd. as further described in the news releases dated March 11, 2024, and April 19, 2024, which such transaction is intended to constitute a change of business of Flurotech, as such term is defined in the policies of the TSX Venture Exchange.

An aggregate of 13,333,335 common shares were issued in connection with the private placement. In accordance with Policy 5.2 of the TSX-V, the proceeds of the private placement will be used for purposes of funding the costs associated with completing the transaction, including costs related to audit fees, legal fees, preparation of necessary documentation for the transaction and due diligence costs, and for working capital and general corporate purposes.

In connection with the private placement, the company has entered into certain finder's fee agreements with each of Research Capital Corp., James O'Brien and Michael Swistun (each a finder), whereby each finder will be paid a cash finder's fee of 7 per cent of the aggregate gross proceeds from the private placement for subscribers that the finder introduced to the company. The finder's fees remains subject to acceptance by the TSX-V.

Trading halt

In accordance with Policy 5.2, the common shares are currently halted from trading and are expected to remain halted pending the requirements of Section 2.5 of Policy 5.2 being met.

About Flurotech Ltd.

Flurotech was incorporated under the Business Corporations Act (Alberta) on May 24, 2018. Flurotech is currently inactive with limited operations and the common shares of Flurotech are currently halted on the NEX. Flurotech has no commercial operations and no assets other than cash and is a reporting issuer in the provinces of Alberta and British Columbia.

We seek Safe Harbor.