Ztr Acquisition Corp. Extends Deadline for Annual General Meeting

Suite 918, 1030 West Georgia Street Vancouver, British Columbia, Canada, V6E 2Y3 Tel. No. (604) 628-5621 ♦ Fax No. (604) 662-7950

ZTR ACQUISITION CORP. EXTENDS DEADLINE FOR ANNUAL GENERAL MEETING

Vancouver, British Columbia – May 11, 2020 – ZTR Acquisition Corp. (TSXV: ZTR.H) (the “Company”) announces that it has received approval of the British Columbia Registrar of Companies (the “Registrar”) to extend the deadline to hold an annual meeting of its shareholders in accordance with the Business Corporations Act (British Columbia). The relief provided by the Registrar permits the Company to hold the meeting at any time up to and including January 7, 2021.

In connection with this extension, the Company also intends to rely upon similar relief granted by the TSX Venture Exchange (the “Exchange”), in its corporate finance bulletin of March 23, 2020, which permits issuers listed on the Exchange to delay annual meetings. The Company will also rely upon BC Instrument 51-516 – Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials which provides temporary relief from executive compensation disclosure requirements.

The Company intends to send a management information circular for its annual meeting, containing its executive compensation disclosure required under applicable securities laws, on or before January 7, 2021. In light of current circumstances, the Company is considering an appropriate time and format for its annual meeting and will provide information on the timing of the meeting and the filing of its executive compensation disclosure when all issues have been appropriately considered.

For further information please contact:

Martin Bajic, Chief Executive Officer Tel: (604) 628-5621 Fax: (604) 662-7950

This news release contains statements about the Company's expectations regarding the completion of an annual meeting of shareholders, the intended timing and format of such a meeting, and the intended timing for the filing of executive compensation disclosure required under applicable securities laws, that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements and there can be no assurance that such expectations will prove to be correct. Factors that could cause the actual results to differ materially from those in forward-looking statements include the ongoing evolution of the global COVID-19 pandemic. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward- looking statements or information, whether as a result of new information, future events or otherwise, except a required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.