Mr. Francis Letourneau reports

NURAN ANNOUNCES FIRST SITE LIVE IN CAMEROON

Nuran Wireless Inc.'s first site has gone live in Cameroon. The first site went live on the weekend and has already begun to generate significant traffic. Nuran will report on the site economics, including subscription rates when the information becomes available.

"Although there have been some small delays with respect to shipping and logistics, we are extremely pleased to have finally announced our first live site. We expect that the following sites will be rolled out as previously communicated to our shareholders. The deployment of these sites will demonstrate our ability to execute on the NaaS [network-as-a-service] business model and highlight the effectiveness and profitability of this model. We are also pleased to be at the centre of bringing connectivity to these regions globally where no connectivity currently exists. The ability to do remote banking, access health care information and communicate widely will translate into very significant economic and social benefits for the population of the areas we cover," commented Francis Letourneau, chief executive officer of Nuran.

The initial 48 of 242 sites are currently planned to be completed shortly. Eutelsat, Nuran's satellite partner for the current 122-site batch in Cameroon, is prepared to ensure that the sites go live upon committed planned rollout. Nuran has signed an agreement with Eutelsat for the satellite backhaul managed services. Eutelsat has a fleet of 39 satellites serving broadcasters, video service providers, telecom operators, ISPs (Internet service providers) and government agencies operating across Europe, Africa, Asia and the Americas. Eutelsat is one of the leading operators in the commercial satellite business.

The Cameroon site is part of the network-as-a-service (NaaS) contracts with Orange SA and its affiliates previously announced Feb. 8, 2021, and March 11, 2021, for the buildout of networking sites in Cameroon (242 sites total) and the Democratic Republic of the Congo (DRC) (2,000 sites total). Each site consists of towers and related equipment to be installed by Nuran, with a particular focus on rural communities in Cameroon and the DRC. The towers fall into one of four categories depending on population density and coverage requirements. Nuran's technology uses a carrier-grade GSM (global system for mobile communications) base station powered by solar as part of a small-footprint (three metres by three metres by 10 to 30 metres tall) remote tower.

The Cameroon revenue projections shall also likely be increased as the selected sites are showing more population or better ARPU (average revenue per user) than the initial projected business case analysis. Site economics were based on a 25-per-cent subscription rate per site. As an example, Nuran deployed seven sites with Vodafone in Ghana in partnership with the GSMA (GSM Association) in December, 2020. The subscription rate was approximately 51 per cent in the first 30 days of going live.

Appointment of chief technology officer

Nuran has appointed David Parsons as chief technical officer. Mr. Parsons previously held the position of vice-president, solutions engineering, at Nuran. Mr. Parsons has over 20 years of experience in the telecom industry across the Caribbean and Latin America and extensive telecom knowledge and experience.

About Nuran Wireless Inc.

Nuran Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Its innovative radio access network (RAN), core network and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for established as well as emerging mobile network operators. Indoor coverage, isolated rural communities, offshore platforms and ships, Nuran Wireless helps its customers reach everyone, everywhere.

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