Mr. Mike Pyle reports

EXCHANGE INCOME CORPORATION MARKS THE ATIK MASON INDIGENOUS PILOT PATHWAY'S EXPANSION TO RANKIN INLET, NU

As Canada's National Day for Truth and Reconciliation approaches, Exchange Income Corp. is marking the successful completion of the Atik Mason Pilot Pathway's first season in Rankin Inlet, Nunavut. The Pathway program removes significant barriers to flight training faced by indigenous students, including cost and location, and honours the importance of retaining a deep connection to indigenous culture while training.

The seasonal base expansion included two training aircraft and three instructors, as well as cultural support and lodging, for the Rankin Inlet inaugural class of eight indigenous students. Exchange Income was proud to celebrate the students' graduation on Aug. 27 and honoured their growth and achievements as aviators. In their first year, students worked toward completing their recreational pilot permit and will have the opportunity to continue training with Exchange Income subsidiary MFC Training on Canada's east coast while working toward their commercial pilot licence. Thereafter, they will be offered employment as pilots with one of Exchange Income's operating subsidiaries.

"EIC is proud to continue to partner with the communities we have had the privilege of serving, for more than 50 years, by offering this fully funded aviation training opportunity to students in their home communities. The expansion of the training base to Rankin Inlet is the most northernly flight training school in Canada and the first of its kind in Nunavut," stated Mike Pyle, chief executive officer of Exchange Income.

He continued, "Integral to the success of the student training was moving the program to the people versus the people to the program."

"The program inspired me to pursue a career in aviation while being able to train in the North," proclaimed Seeka Veevee, a student at the Rankin Inlet base who was born in Iqaluit, Nunavut.

She continued, "The instructors were supportive of my efforts. They encouraged me to keep going, and never gave up on me or my fellow students."

Ms. Veevee plans to continue training with MFC Training to obtain her commercial pilot licence with the end goal of working for Keewatin Air.

Exchange Income also looks forward to celebrating the student pilots from the Thompson, Man., base on Sept. 24.

About Exchange Income Corp.

Exchange Income is a diversified acquisition-oriented company, focused on two segments: aerospace and aviation and manufacturing. The corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.

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