Mr. Grant Schuetrumpf reports

YANGAROO ANNOUNCES APPOINTMENT OF CFO AND RSU GRANT

Yangaroo Inc. has appointed Peter Kanniah as the company's chief financial officer, effective Jan. 2, 2025.

Mr. Kanniah is a highly qualified financial professional with over 20 years of experience in accounting, compliance and corporate financial management. A CPA and business administration graduate, he is skilled in IFRS (international financial reporting standards) and GAAP (generally accepted accounting principles), with a proven record of driving operational efficiency, managing complex budgets and ensuring regulatory compliance.

Mr. Kanniah has led financial reporting transitions, acquisition integrations and process optimizations throughout his career. His expertise includes managing audits, treasury functions, cash flow and account reconciliations. Known for his leadership, problem-solving skills and ability to deliver cost-effective solutions, Mr. Kanniah is committed to advancing organizational success through strategic financial management.

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

Grant Schuetrumpf, chief executive officer of the company, commented: "We look forward to Peter joining the team. Peter's extensive expertise in financial management, compliance and strategic leadership will be invaluable as we advance our goals and remain focused on delivering exceptional value to our shareholders."

The company has appointed Mr. Schuetrumpf as interim CFO until the effective date.

About Yangaroo Inc.

Yangaroo is a software leader in media asset workflow and distribution solutions for the advertising, music and awards industries. Yangaroo's patented digital media distribution system is a leading secure business-to-business cloud-based solution that incorporates production services, traffic, clearance, delivery, analytics and secure API integration for the industry's various video and audio workflow challenges.

Yangaroo has offices in Toronto, New York and Los Angeles. Yangaroo trades on the TSX Venture Exchange under the symbol YOO and on the OTCBB in the United States under the symbol YOOIF.

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