Mr. Bradley Wells, an investor, reports

VIQ - EARLY WARNING PRESS RELEASE

On Aug. 1, 2023, Bradley Wells acquired ownership of 1,583,333 common shares of VIQ Solutions Inc. and 791,666 common share purchase warrants of the issuer, representing approximately 5.72 per cent of the issued and outstanding common shares of the issuer after giving effect to the offering (as defined herein), on a partially diluted basis (assuming the conversion of all purchased warrants).

The purchased shares and the purchased warrants were acquired from the issuer as part of a private placement transaction of units of the issuer that closed on Aug. 1, 2023. Each unit consisted of one purchased share and one-half of one purchased warrant. The units were acquired by Mr. Wells at a price of 31 U.S. cents per unit, for an aggregate amount equal to approximately $490,833.23 (U.S.).

Prior to the acquisition, Mr. Wells owned, or had control or direction over, 4,583,402 common shares, 53,059 options to purchase common shares and 53,686 restricted share units of the issuer (RSUs), representing approximately 13.39 per cent of issued and outstanding common shares on a partially diluted basis (assuming the conversion of all options and RSUs). After the acquisition, Mr. Wells owns, or has control of direction over, 6,166,735 common shares, 791,666 purchased warrants, 53,059 options and 53,686 RSUs, representing approximately 16.97 per cent of the issued and outstanding common shares on a partially diluted basis (assuming the conversion of all purchased warrants, options and RSUs).

Mr. Wells directly acquired the purchased shares and purchased warrants for investment purposes. Mr. Wells may, from time to time, acquire additional securities, dispose of some or all of the existing or additional securities, or may continue to hold the securities of the issuer.

This press release is being issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed under the issuer's profile on SEDAR+ containing additional information respecting the foregoing matters. The issuer's head office is located at 5915 Airport Rd., Suite 700, Mississauga, Ont., L4V 1T1. For inquiries, or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which has also been filed on SEDAR, please contact:

• Mr. Wells, 35 West Pearce St., Unit 14, Richmond Hill, Ont., L4B 3A9, telephone: 416-729-3711.