Mr. Ian Paterson reports

PLURILOCK PROVIDES AN UPDATE ON THE STATUS OF EXERCISED WARRANTS

Plurilock Security Inc. has provided the market with an update on the exercising of the first tranche of warrants, which were issued upon closing of the oversubscribed private placement in April, 2024.

Management is pleased to announce that, as of March 13, 2025, warrants were exercised to purchase 22,502,494 of the company's common shares at an average price of 27 cents, generating $6,089,936 in gross proceeds. Plurilock's board and management have also exercised warrants for this series to purchase over 1.7 million common shares for a value exceeding $440,000, demonstrating their confidence in the company's future.

This is an increase from prior updates, including the Oct. 7, 2024, announcement that 13,627,613 warrants were exercised at an average price of 26 cents, raising $3,595,644, and the Aug. 28, 2024, announcement that 8,038,946 warrants were exercised at an average price of 27 cents, adding $2,190,949 to the company's treasury.

First tranche of 25-cent warrants ratcheting to 40 cents on April 25, 2025

With the first tranche of 25-cent warrants set to ratchet to 40 cents on April 25, 2025, the company encourages shareholders to exercise their warrants before the deadline to maximize their value.

Plurilock remains focused on driving operational efficiency, expanding its commercial and federal cybersecurity footprint, and delivering long-term shareholder value. The company expects continued momentum in 2025, supported by strong demand for its cybersecurity services and strategic growth initiatives.

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 its expertise to defend against, detect and prevent costly data breaches and cyberattacks.

We seek Safe Harbor.