Mr. Ian Paterson reports

PLURILOCK APPOINTS 35-YEAR VETERAN OF ENTERPRISE TECHNOLOGY IT AND SOLUTIONS SALES TO INDUSTRY ADVISORY COUNCIL

Plurilock Security Inc. has appointed enterprise sales and supply chain and distribution expert Brian Aebig to the company's industry advisory council.

Mr. Aebig is a 35-year veteran of the IT (information technology) industry, having served as the leader of a national Canadian organization with annual sales of $120-million, as a general manager and vice-president at Avnet distribution with annual sales of $850-million, and as vice-president, sales, for Tech Data Canada with sales of $2.8-billion.

Mr. Aebig brings deep, unique expertise in IT solutions distribution to Plurilock, along with unmatched experience in understanding, building and leveraging end-to-end IT supply chains, from vendor to distribution to reseller to end-user, particularly in relation to emerging technologies. He is currently an independent consultant focused on enabling drivers of sales growth, management of profit profiles and unlocking the achievement of long-term organizational goals.

"Brian Aebig has over three decades of experience in enterprise IT supply chains, distribution, sales and profit drivers," said Plurilock chief executive officer Ian L. Paterson. "He understands in a way that few others do how to unlock synergies and success for each stakeholder in enterprise IT, from vendor to distributor to reseller to end-user, and to leverage these synergies to drive growth and profitability."

"Plurilock's unique combination of proprietary cybersecurity IP [intellectual property], deep cybersecurity expertise and a comprehensive line of IT solutions and services creates an unusual opportunity for both customer and sales growth in today's cybersecurity-driven IT landscape," said Mr. Aebig. "Plurilock has tremendous potential, and I'm excited to join the company to help drive their success."

A total of 20,000 options will be granted to certain consultants of the company pursuant to the omnibus plan (which plan is subject to disinterested shareholder and TSX Venture Exchange approvals) with a strike price of $1. The stock options are granted for a five-year term from July 29, 2024, and vesting will commence immediately upon obtaining disinterested shareholder approval to the omnibus plan.

About Plurilock Security Inc.

Plurilock sells cybersecurity solutions to the U.S. and Canadian federal governments, along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of critical services -- aiding clients with the company's expertise to defend against, detect and prevent costly data breaches and cyberattacks.

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