Mr. David Beck reports

WINDFALL GEOTEK ANNOUNCES TEMPORARY TSXV TRADING HALT

Windfall Geotek Inc., further to its press release of Feb. 13, 2024, has been told by the TSX Venture Exchange that it has issued a temporary trading halt in connection with the resignations of Kulvir Gill, Nathan Tribble and Simran Kamboj from the company's board of directors.

On Feb. 12, 2024, each of Mr. Gill, Mr. Tribble and Mr. Kamboj gave notice at a board of directors meeting that they were resigning, despite holding themselves out for election to the board at the company's recent annual general meeting held on Dec. 20, 2023. Following these resignations, the company's board of directors currently only consists of one member, David Beck, such that the company does not meet the TSX-V Tier 2 continued listing requirements. The TSX-V has advised the company that trading will be suspended until such time as replacement board members are appointed and approved by the TSX-V. Had the company been given the opportunity to co-ordinate an orderly transition of the board of directors, the halt would not be necessary.

David Beck, chief executive officer of Windfall, commented:

"Yesterday, Windfall announced the resignation of three of the company's board members: Simran Karboj, Kulvir Gill and Nathan Tribble. After speaking with the TSX-V, it was made clear that the company cannot resume trading until we have at minimum three directors. Unfortunately, this halt could have been completely avoided if we had co-ordinated an orderly transition of the board of directors. As it stands, the company's stock will be halted for likely the next couple weeks as we evaluate, secure and on-board new directors. As you may suspect, in joining Windfall, I recognized the need to evolve the company's board and, as such, have been in discussion with several excellent prospective candidates. Obviously this is a priority task for me to complete."

About Windfall Geotek Inc.

Powered by artificial intelligence (AI) since 2005, Windfall is an artificial intelligence company that has been in business for over 15 years developing its proprietary AI and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, artificial intelligence and mathematics. It combines available public and private data sets, including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the land mine detection application as a high priority.

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