Mr. Sean Schaeffer reports

ZOOMAWAY PROVIDES CORPORATE UPDATE AND ANNOUNCES RESUMPTION OF TRADING

Zoomaway Technologies Inc. announced via press release dated April 12, 2022, that it intended to acquire an Ontario-based specialty retailer. On Oct. 4, 2023, the company announced that, for various reasons, it has chosen not to pursue this transaction and has applied to the TSX Venture Exchange to resume trading of its shares.

Throughout the period since the announcement of the transaction during which trading in its shares was halted, Zoomaway has continued to operate normally, including keeping its shareholders up to date with all of its financial reporting requirements.

In addition, the company is pleased to announce that the AIP Convertible Debt Fund LP (AIP) has provided an extension on its notes in the amount of $7.1-million that became due on Sept. 30 of this year, to April 30, 2024. Furthermore, in August, 2023, AIP agreed to provide the company with additional financial support in the amount of $400,000 (U.S.) in order to cover operating expenses to August of 2024.

Finally, Zoomaway wishes to announce that it has filed a notice calling for a meeting of its shareholders on Dec. 1, 2023. Further details with regard to the meeting will be announced shortly.

It is anticipated that trading of the company's common shares will resume on Oct. 26, 2023.

About Zoomaway Technologies Inc.

Zoomaway Technologies is a technology company principally involved in the hospitality and travel industries. The company has developed a variety of software solutions that enhance the planning and engagement of everyday tourists. Its flagship project, ZoomedOUT, is a complete modernization and reimagination of mobile travel apps. In a full 3-D environment, the company is able to integrate planning, booking, social media and camaraderie into a tangibly rewarding experience. The company has combined travel, hospitality, mobile gaming and augmented reality to change the way users travel.

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