An anonymous director reports

EARLY WARNING PRESS RELEASE EDGEPOINT ANNOUNCES EXPIRATION OF TERAGO INC. WARRANTS

This press release is being disseminated by EdgePoint Investment Group Inc. and Cymbria Corp., an account managed by EdgePoint, to announce the expiration of 403,050 Series C warrants to purchase common shares of TeraGo Inc. The warrants expired in accordance with their terms on 5 p.m. EST, April 22, 2024.

Each warrant entitled the holder to purchase one share in the capital of the issuer at an exercise price of $8.00 and represented, in aggregate, approximately 2 per cent of the capital of the issuer, as calculated in accordance with applicable securities legislation.

Prior to the warrant expiration, EdgePoint had control over, and Cymbria beneficial ownership of, 4,706,715 shares and 403,050 warrants, representing a securityholding percentage, in aggregate, of approximately 25.7 per cent of TeraGo's outstanding shares. EdgePoint now exercises control over, and Cymbria has beneficial ownership of, 4,706,715 shares representing approximately 23.7 per cent of TeraGo's outstanding shares.

An early warning report will be filed by the acquirer under applicable securities laws and will be available on the issuer's SEDAR+ profile. A copy of the early warning report may also be obtained by contacting Sayuri Childs, chief compliance officer of EdgePoint, at 416-963-9353. EdgePoint's head office is located at 150 Bloor St. West, Suite 500, Toronto, Ont., M5S 2X9. The issuer's head office is located at 55 Commerce Valley Dr. West, Suite 800, Thornhill, Ont., L3T 7V9.