Mr. David MacLaren reports

MEDIAVALET ANNOUNCES RESULTS OF VOTING AT ANNUAL GENERAL MEETING AND OPTION GRANT

MediaValet Inc. received approval for all resolutions put forward to shareholders at today's annual general meeting of shareholders as detailed in the company's management information circular dated May 18, 2022.

1. Election of directors

Shareholders voted to elect all seven directors nominated to the MediaValet board to hold office until the close of the next annual general meeting of shareholders of the company or until their successors are elected or appointed. The results of the vote are set forth in the attached voting results for election of directors table.

                    VOTING RESULTS FOR ELECTION OF DIRECTORS 

Name of nominee    Total number   Percentage of   Total number of    Percentage of 
                   of votes for       votes for    votes withheld   votes withheld

David MacLaren       22,234,221          99.998%              400            0.002%                      
Robert Chase         22,234,221          99.998%              400            0.002%                      
Francis Shen         20,270,421          91.166%        1,964,200            8.834%                      
Jake Sorofman        21,787,305          97.988%          447,316            2.012%                      
Judith Richardson    19,824,105          89.159%        2,410,516           10.841%                     
R.W. (Bob) Garnett   19,814,905          89.117%        2,419,716           10.883%                     
Thomas Kenny         21,787,305          97.988%          447,316            2.012%                      

2. Appointment of auditor

Shareholders voted to approve the appointment of Baker Tilly WM LLP as auditor for MediaValet and to hold office until the close of the next annual general meeting of shareholders or until a successor is appointed.

                  VOTING RESULTS FOR AUDITOR

Total number of   Percentage of   Total number of    Percentage of 
votes for             votes for    votes withheld   votes withheld

22,327,305               97.988%            4,373            0.020%                      

3. Reaffirmation of stock option plan

Shareholders voted to approve the stock option plan of MediaValet as described in the circular.

             VOTING RESULTS FOR STOCK OPTION PLAN

Total number of   Percentage of   Total number of   Percentage of 
votes for             votes for     votes against   votes against

17,378,966               78.162%        4,855,655          21.838%                    

4. Adoption of share unit plan

Shareholders voted to adopt the share unit plan of MediaValet as described in the circular.

             VOTING RESULTS FOR SHARE UNIT PLAN

Total number of   Percentage of   Total number of   Percentage of 
votes for             votes for     votes against   votes against

19,788,882               89.000%        2,445,739          11.000%                    

For further details on each of the matters herein, please refer to the circular available under MediaValet's profile on SEDAR. Final voting results on all matters voted on at the AGM will be filed on SEDAR.

The company also announced that it has granted a total of 814,000 stock options to new and existing officers, directors, and staff. The options have a grant date of May 19, 2022, and have a term of five years expiring on May 18, 2027. Each option will allow the holder to purchase one common share in the company at a price of $1.13. The options are subject to vesting over four years. Following the issuance, the company has 3,615,038 incentive stock options outstanding. The company's equity-based incentive plans, including the stock option plan and the share unit plan, allow the board to issue the equivalent of up to 10 per cent, subject to certain restrictions, of the issued and outstanding share capital of the company on a rolling basis.

About MediaValet Inc.

MediaValet stands at the forefront of the cloud-native, software-as-a-service, enterprise, digital asset management and creative operations industries. Built exclusively on Microsoft Azure and available across 61 Microsoft data centre regions in 140 countries around the world, MediaValet delivers unparalleled enterprise-class security, reliability, redundancy, compliance and scalability while offering the largest global footprint of any DAM solution. In addition to providing enterprise, cloud-native DAM capabilities at a global scale, desktop to server to cloud support for creative teams, and overall cloud redundancy and management for all-source, WIP and final assets, MediaValet offers industry-leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, Workfront, Wrike, Drupal, WordPress and many other best-in-class third party applications.