Mr. Ralph Garcea reports

TURNIUM ANNOUNCES ISSUANCE OF BONUS WARRANTS PURSUANT TO LOAN AGREEMENTS

Pursuant to its previous press release dated March 6, 2024, Turnium Technology Group Inc. has entered into loan agreements with lenders to borrow a total of $300,000. The loans will bear interest of 14 per cent per year. The maturity date of the loans will be the date that is six months following the date that the lenders provided the loans to the company. The loans may be repaid prior to their maturity, with a minimum interest payment of six months. One of the lenders is a director of the company, and the other lenders are each arm's-length parties to the company.

In connection with the loan agreements, the company has issued an aggregate of three million share purchase warrants to the lenders. Each loan bonus warrant entitles the holder to purchase one common share of the company at an exercise price of 10 cents for a period of 12 months from the issue date. The warrants will be subject to an acceleration clause allowing for the acceleration of the warrants should the shares trade at or above 20 cents for any 10 consecutive trading days. The issuance of 250,000 warrants to an insider pursuant to the loan agreement is considered a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61- 101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of the insider participation.

A total of 344,475 warrants (with an exercise price of 56 cents) expired on March 25, 2024, and 2,955,314 warrants (with an exercise price of 75 cents) are set to expire on April 8, 2024.

About Turnium Technology Group Inc.

Turnium Technology Group offers a proprietary SD-WAN solution to its customers that is faster and less expensive than its competitors. The customers benefit via enhanced performance and, crucially, a robust and cost-effective solution for maintaining uninterrupted Internet connectivity. The technology eliminates any costly connectivity downtime, thereby enabling the user to continue business and avoid any revenue losses. Turnium SD-WAN solutions are sold through a channel partner program designed for communications service providers, Internet and managed service providers, system integrators and value-added resellers.