Mr. Jon Faber reports

PASON TO RELEASE 2023 FOURTH QUARTER RESULTS ON FEBRUARY 28, 2024

Pason Systems Inc. intends to release its 2023 fourth quarter and annual results after the markets close on Wednesday, Feb. 28, 2024.

Pason will be conducting a conference call for interested analysts, brokers, investors and media representatives to review its 2023 fourth quarter and annual results at 9 a.m. MT on Thursday, Feb. 29, 2024. The conference call dial-in numbers are 1-888-664-6383 or 1-416-764-8650, and the call will be simultaneously audio webcast. You can access the 14-day replay by dialling 1-888-390-0541 or 1-416-764-8677, using password 304117 followed by the pound key. An archived audio webcast of the conference call will also be available on Pason's website.

About Pason Systems Inc.

Pason is a leading global provider of specialized data management systems for drilling rigs. Its solutions, which include data acquisition, wellsite reporting, remote communications, Web-based information management and analytics, enable collaboration between the rig and the office. Through its subsidiary, Energy Toolbase Software Inc. (ETB), Pason provides products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects. Pason's common shares trade on the Toronto Stock Exchange under the symbol PSI.