Hunter Technology : CFO Transition

CFO Transition

June 2, 2021

Eric Luk to succeed Bryant Pike as the Chief Financial Officer of the Company. Bryant joined the Company in the fall of 2018 following the Company's disposition of the oil and gas assets. During his tenure, he was instrumental in completing the transition of Hunter into a technology issuer and concluding the recent acquisition of fintech company FinFabrik. Bryant is departing the Company to pursue other opportunities.

Eric is a CA with over 15 years of financial and management experience, and he is the current Head of Finance of the Company's wholly owned subsidiary, FinFabrik. Previously, he served as the CFO for FORMIA, and prior to that he held financial leadership and management positions with PricewaterhouseCoopers, Swire Pacific (0019.HK) and Cathay Pacific (0293.HK). Eric began his career as a Chartered Accountant with Ernst & Young in the UK.

Bryant will remain a consultant to the Company to assist with a transition of the CFO duties.

Florian M. Spiegl, CEO states:

'I would like to thank Mr. Pike for his invaluable contribution to Hunter in a period of change from an oil and gas E&P company to a technology player in digital commodities marketplaces. The move of Eric Luk into the CFO position will further support the integration of the FinFabrik technology group, while providing a seamless transition of duties. I am pleased that we demonstrate our ability to develop our management team from within the company and have such a dynamic leader take on responsibility as CFO.'

Hunter is deeply indebted to Bryant and wishes him well in all his future endeavours.

About Hunter Technology Corp.

Hunter Technology Corp. develops interactive software platforms powered by blockchain technology that digitalize and streamline physical oil trading throughout the transaction lifecycle. With its solutions, Hunter delivers more favorable economics and fair market access for all and promotes the transition towards a more environmentally and ethically responsible ecosystem. Its flagship product OilEx will connect independent oil producers, buyers, and traders in a trusted digital marketplace to optimize prices, simplify processes, improve transparency, and support a reduced carbon footprint. Through its data analytics capabilities, Hunter will offer real time supply chain management tools for tracking the origin, transhipment, and processing of hydrocarbons and the environmental, social and governance (ESG) compliance during their life cycle.

On behalf of the board of directors

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Cautionary Statement Regarding Forward-Looking Information.

This news release contains certain statements which may constitute forward-looking statements or information (collectively, 'forward-looking statements') regarding Hunter's business development plans. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, including factors beyond Hunter's control, and often contain words such as 'anticipate', 'believe', 'plan', 'estimate', 'expect', and 'intend', statements that an action or event 'may', 'might', 'could', 'should', 'will' or be 'on track to' be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements (including execution risk, market risk, industry risk, market reaction, the impact of general economic conditions and competition from other industry participants, as well as stock market volatility). In this news release, forward-looking statements relate to, among other things, Hunter's business development plans as well as Hunter's future performance as it develops its business. Although Hunter believes that the expectations in its forward-looking statements are reasonable, they are based on factors, estimates and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statement. Such factors include, but are not limited to: risks relating to delays, development and marketing risks, unforeseen requirements resulting from the COVID-19 pandemic, commodity prices, inability to access, on favorable terms, sufficient capital from internal and external sources, the ability to access, hire and retain employees; regulatory changes and impacts, timing and completion of the Company's online platforms as well as general business, economic, competitive, political and social uncertainties. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Hunter does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Hunter should be considered highly speculative. There can be no assurance that Hunter will be able to achieve all or any of its proposed objectives. Please review Hunter's SEDAR filings including its management discussion and analysis available under the Company's profile at www.sedar.com for a more fulsome discussion of risk factors affecting Hunter.