Turnium Technology Group Inc. (TSXV:TTGI) entered into non-binding Letter of Intent to acquire Claratti Limited on February 28, 2024. Pursuant to the LOI, the Company will acquire 100% of the issued and outstanding securities of Claratti (the "Acquisition") in exchange for: closing purchase price of CAD 6.0 million, payable through the issuance of common shares in the capital of the Company ("Common Shares") at a deemed price of CAD 0.15 per Common Share, being a total of 40,000,000 Common Shares, which closing purchase price is based off of Claratti's expected revenue generation and EBITDA for the twelve-month period ended June 30, 2024; and potential earn-out payments of up to CAD 4 million (also payable through the issuance of up to 26,666,666 Common Shares at a deemed issue price of CAD 0.15 per Common Share) if certain EBITDA levels are achieved in fiscal 2025 and in fiscal 2026. The Common Shares issuable pursuant to the Acquisition will be subject to contractual escrow provisions, providing for release from escrow over an 18-month period.

The Acquisition is subject to approval of the TSX Venture Exchange.