Mr. Bill Mitoulas reports

TURNIUM ANNOUNCES GRANT OF MANAGEMENT CEASE TRADE ORDER

Turnium Technology Group Inc. has been unable to meet the Jan. 28, 2025, deadline to file its audited annual financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certificates for the fiscal year ended Sept. 30, 2024, as required under applicable Canadian securities laws.

In connection with the company's inability to file the annual filings on time, the company applied, and received approval, for a management cease trade order from the B.C. Securities Commission under National Policy 12-203 (Management Cease Trade Orders). The company will have until March 31, 2025, to file its annual filings.

The company's delay in filing the annual filings is due to the fact that it needs more time to prepare the audited annual financial statements and complete the financial audit with its auditor. This delay has arisen due to increased transaction volume, following a recent acquisition by the company.

The company remains confident in its ability to complete the annual filings and is actively co-ordinating necessary tasks on a daily basis. The company anticipates that, subject to current conditions remaining the same, it will be able to file the annual filings by the end of February, 2025, and in any event on or prior to March 31, 2025 (in accordance with the terms of the MCTO).

Until the company files the annual filings, it will comply with the alternative information guidelines set out under sections 9 and 10 of NP 12-203. The guidelines, among other things, require the company to issue biweekly default status reports, in the form of news releases, for so long as the annual filings have not been filed.

While the MCTO is in effect, the general investing public will continue to be able to trade freely in the company's listed common shares. However, the MCTO will prohibit the company's chief executive officer and chief financial officer from trading securities of the company for so long as the annual filings are not filed. Additionally, the company will be prohibited from directly or indirectly issuing or acquiring securities from insiders or employees of the company until such time as the annual filings and all continuous disclosure requirements have been filed by the company, and the MCTO has been lifted.

The company confirms, as of the date of this news release, that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the company that has not been generally disclosed.

About Turnium Technology Group Inc.

Turnium acquires companies that complement its technology-as-a-service strategy, integrates them to generate efficiencies and delivers their solutions through a global channel partner program to customers worldwide. Turnium's mission is to provide information technology providers with a complete, white-labelled portfolio of business technology solutions, enabling them to quickly add new services in response to customer demand.

In essence, Turnium is building a TaaS platform that incorporates all the services, platforms and capabilities that Internet service providers, managed service providers, Internet technology providers, voice over Internet protocol/unified-communications-as-a-service, contact-centre-as-a-service or cloud providers might need. Additionally, Turnium provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality.

Turnium delivers secure, cost-effective, uninterrupted and scalable global IT solutions to its channel partners and their end-customers ensuring that "We get it done, right."

We seek Safe Harbor.