Mr. Robert Galarza reports

TruTrace Technologies Names Loreto Saccucci as CEO Seasoned Industry Executive Joins Senior Leadership Team

Trutrace Technologies Inc. has appointed Loreto Saccucci as chief executive officer, taking over the position from Robert Galarza who has served as the chief executive officer since May 1, 2018. Robert will continue to provide leadership in his new role of Vice President of Business Development, as well as continuing to serve on the Board of Directors of the company.

Loreto is a leader in the development of innovative technologies, including the establishment of blueRoverTM as an IoT industry leader dedicated to creating and implementing technologies that keep people safe.

Loreto has also focused on developing a data communications platform for creating healthy sustainable environments using emerging technologies, AI and data governance and is currently servicing the enterprise market specializing in the areas of business sustainability, ESG with a goal of a zero carbon footprint.

Loreto has been a senior executive with Alcatel, ITT and Rodin Communications and carries with him extensive strategic, financial, and operational experience in both information technology and telecommunications. As a CEO, he led business development activities including complex negotiations with governments, raising strategic capital, market making, successfully launching an IPO resulting in a market cap of over $200M. Loreto attended Wilfrid Laurier University obtaining a Bachelor of Arts in Economics and Business with an additional focus in computer science from the University of Waterloo.

Robert Galarza, former CEO of TruTrace, said, "It is with great pleasure that we welcome Mr. Saccucci as our new Chief Executive Officer. Loreto's past successes and his ability to guide and ignite growth through disruptive technologies will be an asset to our organization and I'm excited to support his vision for the company. We are excited to have Loreto as part of our executive team as we carve our future path."

Loreto Saccucci said, "I very excited to be part of this team, after meeting Robert Galarza and Tommy Stephenson my decision was solidified. With the support of these two gentlemen and the board, I look forward to building TruTrace into a visible market leader."

About TruTrace Technologies

TruTrace Technologies is the developer of fully-integrated software, secured on a blockchain infrastructure, that gives clients' the ability to store, manage, share and immediately access quality assurance and testing details, COAs, as well as motion and movement intelligence on inventory. The platform was specifically designed to power the traceability of testing standards within the legal cannabis, nutraceutical, food and pharmaceutical space with a focus on the authentication of source materials or ingredients used in formulation. For more information, please visit www.trutrace.co.

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