Mr. Rob Chase reports

MEDIAVALET INC. ACQUIRED BY AFFILIATE OF STG

MediaValet Inc., pursuant to its news release dated Jan. 24, 2024, has completed its plan of arrangement under the Business Corporations Act (Alberta). Pursuant to the terms of the arrangement, among other things: (i) River Acquisition Corp. (the purchaser), an affiliate of STG, acquired all of the issued and outstanding common shares of the company in exchange for $1.71 in cash per share; (ii) each outstanding share purchase warrant of the company was acquired by the company for cancellation in exchange for the amount by which the consideration exceeded the exercise price of such warrant; and (iii) each outstanding share option was acquired by the company for cancellation in exchange for the amount by which the consideration exceeded the exercise of such option, if applicable.

Rob Chase, chief executive officer of the company, stated that: "The successful completion of this transaction marks an important moment in the evolution of MediaValet. As we embark on this new chapter with STG, we are united by our shared mission to provide best-in-class enterprise digital asset management solutions to our valued customers."

Andrew Shen, chairman of the company's board of directors, added: "We extend our deepest gratitude to our shareholders for their unwavering support and confidence in our journey. We wish the very best of luck and success to Rob, Dave and the STG team as they lead the company into its next phase of growth and innovation."

Umang Kajaria, Managing Director, Co-Lead of STG Allegro Fund, added "We look forward to partnering with the MediaValet team on the next stage of the company's growth and to continue innovating and delivering a leading digital asset management solution to customers."

With the arrangement now complete, MediaValet's shares are expected to be delisted from the Toronto Stock Exchange shortly after the date hereof. The company also will apply to cease to be a reporting issuer under applicable Canadian securities laws.

Disclosure under National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues

Upon completion of the arrangement, the purchaser holds 43,854,216 shares, representing 100 per cent of the issued and outstanding shares. Prior to the completion of the arrangement, the purchaser did not hold any issued and outstanding shares, representing a nil security holding in such class of securities. The head office of MediaValet is located at 505, 990 Homer St., Vancouver, B.C., V6B 2X7. The registered office of the purchaser is 4200 Bankers Hall West, 888 3rd St. SW, Calgary, Alta. T2P 5C5.

Action required by MediaValet shareholders

Registered shareholders of the company are reminded to submit a duly completed letter of transmittal and, as applicable, the certificate(s) and/or DRS (direct registration statement) advice(s) representing their shares to TSX Trust Company. Registered shareholders who have questions or require assistance can contact TSX Trust Company toll-free at 1-800-387-0825 in North America, or at 416-682-3860 outside North America, or by e-mail at shareholderinquiries@tmx.com.

For additional details regarding the arrangement, see MediaValet's management information circular dated Feb. 26, 2024, a copy of which can be found under the company's profile on SEDAR+.

About MediaValet Inc.

MediaValet stands at the forefront of the enterprise, cloud-native, software-as-a-service, digital asset management, video content 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, 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, Wrike, Drupal, WordPress and many other best-in-class third party applications.

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