Last Mile Holdings Ltd. ('MILE' or the 'Company') (TSXV: MILE; OTC: AZNVF), a micro-mobility company offering the broadest product suite in the industry, has completed the first phase of its strategic restructuring process.

The Company, with the help of Rock Creek Advisors, is pursuing various opportunities to bolster liquidity. One such opportunity, a sale of some hard assets, is scheduled to close by the end of this week.

At the same, time, the Company continues to explore various potential transactions with other parties. Interested parties, including existing shareholders familiar with the Company, should contact Rock Creek Advisors this week, as other opportunities continue to move forward.

About Last Mile Holdings

Last Mile Holdings (TSXV: MILE; OTC: AZNVF), formerly OjO Electric, is a micro-mobility company in the U.S., offering the broadest product suite in the industry. Last Mile has 25 university and 45 municipal contracted shared mobility systems under the OjO and Gotcha brands. The acquisition of Gotcha in the first quarter of 2020 provides an expansive growth pipeline and a portfolio of products including electric bikes, scooters, and cruisers.

About Gotcha Mobility

Gotcha, a subsidiary of Last Mile Holdings, is a shared electric mobility company dedicated to providing innovative products and technologies that get people out of single-occupancy cars and safely onto efficient, sustainable micro-transit products. The company operates electric bikes, scooters, and cruisers - 2 - as transportation solutions tailored to cities and universities across the US. Gotcha empowers communities to lead happier, more productive lives through the transformative power of affordable, accessible micro-transit.

About Rock Creek Advisors

Rock Creek Advisors LLC works with companies and their investors, shareholders, directors, lenders, and other relevant constituents to help companies maximize their true potential. Rock Creek Advisors has expertise in turnarounds and financial advisory.

Contact:

Tel: 917-842-2652

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