Mr. Page Tucker reports

PROSTAR'S POINTMAN ADOPTED BY ONTARIO TRANSIT GROUP

Ontario Transit Group has adopted Prostar Holdings Inc.'s PointMan for utility damage prevention of underground infrastructure.

Ontario Transit Group, a joint venture between Ferrovial Construction and VINCI Construction Grand Projects, was awarded the $6-billion contract for the Ontario Line-Southern Civil, Stations and Tunnel contract by Infrastructure Ontario and Metrolinx to deliver the project, utility and conduit works are expected, in order to prepare for the rolling stock, systems, operations, and maintenance of mechanical and electrical systems in the future.

"One of the most significant challenges we will face on a project of this magnitude will be identifying the precise location of the existing buried infrastructure, including all of the utilities that have been installed over the past century," stated Hetanshi Patel, GIS manager at Ontario Transit Group Constructor. "PointMan will be instrumental in mapping and managing the underground utilities, and its precise geolocation capabilities are critical for avoiding disruptions and ensuring that the project is completed safely and efficiently."

Once complete, the Ontario Line will be a 15.6-kilometre subway line that will make it faster and easier to travel within Toronto and beyond. The line will bring 15 new stations to the city and will run from Exhibition Place, through the heart of downtown, all the way to the Eglinton Crosstown LRT at Don Mills Road.

"Being selected for a project of this magnitude by such a respected industry consortium is a testament to the value that PointMan provides and a key indicator of the ongoing transformation of the construction industry from paper and manual business practices into the digital era," remarked Page Tucker, chief executive officer. "This further solidifies Prostar's position as a recognized leader in this transformation."

Correction to finders' warrants issuable in the company's private placement of units

Further to the company's news release dated Nov. 1, 2024, announcing the closing of the company's non-brokered private placement of units, the closing news release incorrectly stated that the company paid fees to eligible finders consisting of: (i) $3,360.00 and (ii) 21,000 finders' warrants. The company wishes to correct the closing news release by clarifying that the company paid fees to eligible finders consisting of: (i) $23,912.01 and (ii) 149,450 finders' warrants.

About Prostar Holdings Inc.

Prostar is a world leader in Precision Mapping Solutions and is creating a digital world by leveraging the most modern GPS, cloud and mobile technologies. Prostar is a software development company specializing in developing patented cloud and mobile precision mapping solutions focused on the critical infrastructure industry. Prostar's flagship product, PointMan, is designed to significantly improve the workflow processes and business practices associated with the life cycle management of critical infrastructure assets both above and below the Earth's surface.

Prostar's PointMan is offered as a software-as-a-service (SaaS) and has strategic business partnerships with the world's leading geospatial technology providers, data collection equipment manufacturers and their dealer networks. The company has made a significant investment in creating a vast intellectual property portfolio that includes 16 issued patents in the united States and Canada. The patents protect the methods and systems required to digitally capture, record, organize, manage, distribute and display the precise location of critical infrastructure, including buried utilities and pipelines.

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