REKLAIM LTD. ANNOUNCES NORMAL COURSE ISSUER BID TO PROTECT SHAREHOLDER VALUE AMID GROWING DEMAND FOR CONSUMER DATA PRIVACY SOLUTIONS

Reklaim Ltd. has received approval from the TSX Venture Exchange to implement, at the company's discretion, a normal course issuer bid (NCIB) to purchase up to 7,789,020 of its common shares.

The company is commencing the NCIB because it believes that the market may not always fully reflect the underlying value of the company's business. The repurchase of its common shares at those times is deemed to be in the best interests of its shareholders, instilling confidence in the company's future.

The company has 116,738,379 common shares issued and outstanding as of the date hereof. Under the NCIB, Reklaim may repurchase up to 10 per cent of the number of common shares comprising its public float, which currently equals 7,789,020 common shares.

The NCIB will commence on Sept. 30, 2024, and continue until Sept. 30, 2025, or until the company has repurchased the maximum allowable number of common shares. Reklaim reserves the right to terminate the NCIB at any time. All shares purchased under this program will be cancelled and returned to the treasury.

Purchases will be made through the TSX Venture Exchange or an alternative Canadian trading platform at prevailing market prices per the TSX-V's policies. Due to its expertise and reputation in the market, the company has engaged Clarus Securities Inc. to act as the broker for the NCIB.

Q2 chief executive officer letter

The CEO Q2 letter is available on the Reklaim investor website.

About Reklaim Ltd.

Reklaim is committed to navigating the evolving landscape of consumer data privacy. The company provides compliant, zero party data solutions to Fortune 500 brands, platforms and data companies. The company's platform empowers consumers to reclaim control over their data, enabling them to view and manage information collected with direct authorization. Moreover, users can be compensated for their data through a Reklaim account.

We seek Safe Harbor.