Mr. Daniel Vucinic reports

TERAGO APPOINTS JASON TOLEDANO AS CHIEF FINANCIAL OFFICER

TeraGo Inc. has appointed telecom leader Jason Toledano as its chief financial officer, effective Jan. 2, 2024. Mr. Toledano succeeds Phil Jones, who is stepping away from TeraGo to focus on spending more time with family and on community endeavours. Mr. Jones will be working for the next two months to ensure a seamless handover of his responsibilities.

"I am pleased to announce Jason Toledano as our new chief financial officer. Jason brings 30 years of relevant experience to TeraGo, which positions us well to accelerate value creation for customers, employees and shareholders. Jason's experience spans CFO roles in the telecom, technology, gaming and retail sectors. His extensive track record in operations, corporate finance, [mergers and acquisitions], and corporate strategy will be of significant value to TeraGo as we continue to execute on our business transformation with agility and urgency," said Daniel Vucinic, TeraGo chief executive officer.

Most recently, Mr. Toledano served as the chief financial officer of Beanfield Metroconnect, a high-growth Canadian telecom provider. Before Beanfield Metroconnect, he was the chief financial officer of OverActive Media Group, a publicly traded Canadian entertainment business. Before OverActive Media Group, he was the chief financial officer of Weston Foods, a leading Canadian producer of high-quality baked goods.

"TeraGo is well positioned to bring innovation, competition and network diversity to Canadian businesses through its value creation strategy. I'm excited to join Dan and the great team at TeraGo as we execute on its business transformation," said Mr. Toledano.

"I would like to thank Phil Jones for the substantial contributions he made to get TeraGo to where it is today. As we look forward, the TeraGo team is energized by the critical proof points we have delivered a short time into our business transformation. We look forward to continuing to deliver for employees, customers and shareholders," said Mr. Vucinic.

About TeraGo Inc.

TeraGo provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. As Canada's biggest millimetre wave spectrum holder, the company possesses exclusive spectrum licences in the 24-gigahertz and 38-gigahertz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise-grade performance that is technology diverse from buried cables ensuring high-availability connectivity services. TeraGo serves over 1,800 Canadian and global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.

We seek Safe Harbor.