Turnium Provides Bi-Weekly MCTO Status Update: Progress and Commitment to Timely Completion

Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or the "Company") has provided a bi-weekly update on the status of the management cease trade order (MCTO) issued by the British Columbia Securities Commission under National Policy 12-203. The MCTO was implemented due to the Company's delay in filing its annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the fiscal year ended September 30, 2024.

The Company confirms that there have been no material changes to the information contained in its previous announcements, and there have been no failures in fulfilling the provisions of the alternative information guidelines set out in NP 12-203. Additionally, there have been no other specified defaults subsequent to the default which is the subject of the MCTO, and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

Turnium remains committed to satisfying the provisions of NP 12-203 and will continue to issue bi-weekly MCTO status reports until the Company files the required annual filings. 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.

The Company's delay in filing the annual filings was primarily attributed to increased transaction volume following a recent acquisition and the need for more time to prepare the audited annual financial statements and complete the financial audit with its auditor. To address these issues, Turnium has been actively coordinating necessary tasks on a daily basis to ensure timely completion of the annual filings.

Turnium's Chief Executive Officer and Chief Financial Officer are prohibited from trading securities of the Company for so long as the annual filings are not filed. Additionally, the Company is 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, and the MCTO has been lifted. These restrictions may have potential negative effects on the company's operations and shareholder value, but Turnium is taking proactive measures to mitigate these impacts.

By applying for and receiving approval for the MCTO, Turnium has been granted additional time to complete its financial audit and prepare the required filings. The Company is actively working to expedite the process while maintaining the accuracy and integrity of the financial information. Turnium's commitment to transparency and accountability is evident in its compliance with the alternative information guidelines set out under sections 9 and 10 of NP 12-203, which require the Company to issue bi-weekly default status reports until the annual filings are filed.

In conclusion, Turnium Technology Group Inc. has provided a bi-weekly update on the status of the management cease trade order, demonstrating its commitment to transparency and accountability. The Company is actively working to complete the required annual filings and has taken proactive measures to mitigate any potential negative effects on its operations and shareholder value. By adhering to the alternative information guidelines set out under sections 9 and 10 of NP 12-203, Turnium is maintaining transparency and investor confidence during the MCTO period.