Mr. Grant Schuetrumpf reports

YANGAROO ANNOUNCES REINSTATEMENT TO TRADING ON THE TSX VENTURE EXCHANGE, APPOINTMENT OF CFO AND GRANT OF RESTRICTED SHARE UNITS

Yangaroo Inc. has received acceptance by the TSX Venture Exchange of its application for reinstatement to trading of its common shares. The company has appointed Frank Guo as chief financial officer.

Reinstatement to trading

Further to the company's news releases dated June 28, 2024, and July 19, 2024, the exchange has accepted the company's application for reinstatement to trading of the company's common shares, which will resume trading on July 23, 2024.

CFO appointment

Mr. Guo, who was formerly Yangaroo's CFO and currently serves as Yangaroo's financial adviser, brings a wealth of experience and a proven record in financial leadership to the role. His appointment comes as part of Yangaroo's strategic efforts to strengthen its financial management and support the company's growth initiatives.

Grant Schuetrumpf, who has been serving as interim CFO, has resigned from the interim CFO role and continues to lead Yangaroo as chief executive officer.

Mr. Schuetrumpf commented: "We are delighted that Frank has been reinstated as CFO. Frank's financial expertise has proven to be invaluable as we continue to drive our strategic objectives and enhance shareholder value. His leadership will be instrumental in navigating the company through its next phase of growth."

Mr. Guo expressed his enthusiasm about rejoining Yangaroo as CFO: "I am excited to be reinstated as CFO at Yangaroo and work with the talented team here. I look forward to contributing to the company's success and supporting our financial and operational goals."

The company has granted 500,000 restricted share units (RSUs) to Mr. Guo in accordance with the terms and conditions of the company's omnibus incentive plan. The RSUs vest 100 per cent on July 22, 2026, and will be payable in cash or common shares, or a combination of both, at the discretion of the company, upon vesting. Following this grant, 500,000 RSUs will be outstanding and 3,870,600 RSUs remain available for grant under the plan.

Yangaroo remains focused on its long-term strategy and growth objectives. The company is committed to leveraging its industry-leading technology and innovative solutions to deliver exceptional value to its clients and stakeholders.

About Yangaroo Inc.

Yangaroo is a technology provider in the media and entertainment industry, offering a cloud-based software platform for the management and distribution of digital media content. Yangaroo's digital media distribution system (DMDS) platform is a patented cloud-based platform that provides customers with a centralized and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralized digital asset management, delivery and promotion. DMDS is used across the advertising, music and entertainment awards show markets.

Yangaroo is a publicly listed company incorporated on July 28, 1999, under the laws of Ontario, as Musicrypt.com Inc., and changed to its present name on July 17, 2007. Yangaroo trades on the TSX Venture Exchange under the symbol YOO and on OTCPK in the United States under the symbol YOOIF.

The address of the company's corporate office and principal place of business is 360 Dufferin St., Suite 203, Toronto, Ont., M6K 3G1.

We seek Safe Harbor.