Mr. Peter Evans reports

PATRIOT ONE RECEIVES CONDITIONAL APPROVAL FOR NAME CHANGE TO XTRACT ONE TECHNOLOGIES INC.

Patriot One Technologies Inc. has received conditional approval from the Toronto Stock Exchange to change its name from Patriot One Technologies to Xtract One Technologies Inc. The Company expects the Name Change to take effect at market open on December 1, 2022.

The Company's common shares, which currently trade under the ticker symbol "PAT" on the TSX are expected to trade under the new symbol "XTRA". The new CUSIP of the common shares is 98422Q106 and the new ISIN is CA98422Q1063. The new CUSIP of the Company's warrants issued in connection with the prospectus supplement dated March 14, 2022 is 98422Q114 and the new ISIN is CA98422Q1147.

In connection with the Name Change, two of the Company's subsidiaries will also change their names accordingly: (i) Patriot One Detection Technologies Inc. (Colorado, USA) will change its name to Xtract One (US) Technologies Inc., and (ii) Patriot One Detection Ltd. (BC, Canada) will change its name to Xtract One Detection Ltd.

Completion of the Name Change is subject to the receipt of all required regulatory approvals, including final approval by the TSX. Shareholders of the Company are not required to exchange their existing share certificates for new certificates bearing the Company's new name. The Name Change does not affect the Company's share structure or the rights of the Company's shareholders.

The announced Name Change from Patriot One Technologies to Xtract One Technologies reflects a customer-focused approach to providing people-first technology security solutions that optimizes the user experience while advancing physical safety.

"This year, we announced a strategic rebranding to better communicate our values, capabilities and future ambitions," said Peter Evans, CEO of Patriot One. "Moving to a new stock ticker symbol is an extension of those changes. We continue to focus on delivering value to our investors, believing that the expansive physical security market is looking for solutions that enhance security while also improving the patron experience."

About Patriot One Technologies

Patriot One Technologies makes unobtrusive, artificial intelligence (AI)-driven weapons and threat detection systems that enable arenas, schools, theaters, and other businesses to provide unprecedented safety while also improving the customer experience. The company's AI-powered threat detection gateway solution enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic, and its AI-based Video Recognition Software enables venue and building operators to identify weapons and other threats inside and outside of facilities, while also providing valuable intelligence for optimizing operations. Follow us on Twitter @patriot1tech.

We seek Safe Harbor.