Mr. Ralph Garcea reports

TURNIUM TECHNOLOGY GROUP INC. ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT

Further to its news release dated May 30, 2024, Turnium Technology Group Inc. has increased its previously announced non-brokered private placement of units at a price of seven cents per unit, such that an aggregate of up to 10,214,285 units (previously up to 8,214,285 units) may be issued for aggregate proceeds of up to $715,000 (previously $575,000). The terms of the offering are otherwise unchanged.

The offering is anticipated to be completed concurrently with the closing of the company's proposed acquisition of 100 per cent of the issued and outstanding ordinary shares in the capital of Claratti Pty. Ltd., which will result in Claratti becoming a wholly owned subsidiary of Turnium, and which is anticipated to be completed during July, 2024.

Additional details regarding the acquisition and the offering are outlined in the prior news release, accessible under the company's profile on SEDAR+.

About Turnium Technology Group Inc.

Turnium makes Internet connections more secure and reliable for businesses. The company's cloud-native software-defined wide-area networking (SD-WAN) software platform is licensed by its global network of channel partners and used to deliver highly reliable and secure connections to the applications and data that its business and enterprise customers need using cost-effective standard Internet, wireless or low-Earth-orbit satellite services. Compared with other options, the proprietary software-based solution that Turnium offers is easier to manage, more flexible and faster to deploy, and more cost-effective than virtual private network (VPN) solutions or the services offered by traditional telecommunication carriers.

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