Mr. David Luxton reports

KWESST ANNOUNCES NEW CHIEF EXECUTIVE OFFICER (CEO)

Further to the retirement of Jeff MacLeod as chief executive officer and from the board, as announced Oct. 18, 2023, Kwesst Micro Systems Inc.'s board of directors has appointed Sean Homuth as president and chief executive officer, effective immediately.

"Since joining KWESST as CFO it was clear that Sean brought the kind of skills and experience to take on a more senior role," said David Luxton, KWESST Executive Chairman. "His versatile background and acumen across finance, capital markets, investor relations, operational execution and strategic corporate development with emerging public companies makes him ideally suited to the key leadership role. It also means continuity in the business at a time when KWESST is building momentum and ramping up for expansion in both its Defense and Public Safety business units."

Mr. Homuth has more than 20 years' experience with public companies listed in both Canada and the United States across a wide range of industries, plus a variety of financing and M&A transactions. He has extensive experience at the senior executive level with emerging growth companies and is a Chartered Professional Accountant (CPA, CA Ontario) and a Certified Public Accountant (Illinois).

Kris Denis, CPA, CA and Corporate Controller at KWESST, replaces Mr. Homuth as Chief Financial Officer (CFO) on an interim basis. Mr. Denis has 20 years' experience in all aspects of financial management with private and public companies, large and small, across a wide range of industries. He will also assume the role of Chief Compliance Officer.

"Recent weeks have been a period of intense activity for the Company working through its annual year-end audit, progressing towards key milestones on our SaaS product development, working through key activities related to opportunities for the defence business unit, as well as the previously announced introduction of the Arwen 40mm product," added Luxton. "Sean has played a pivotal role in leading these and with the bulk of them well underway, we are delighted to now formalize his appointment."

About KWESST

KWESST (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE: 62U) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other KWESST products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary non-lethal product line branded PARA OPSTM with application across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada, with operations in Stafford, VA and representative offices in London, UK and Abu Dhabi, UAE.

We seek Safe Harbor.