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Labrador Technologies Change of Auditor and Annual General and Special Meeting Results

Shareholder Meetings Regulatory & Compliance

Labrador Technologies Change of Auditor and Annual General and

Special Meeting Results

Calgary, Alberta – December 24, 2019 – Labrador Technologies Inc. (“Labrador” or the “Corporation”)

(TSXV: LTX) announces that effective December 5, 2019, KPMG LLP (“KPMG”) tendered its resignation

and effective December 12, 2019 MNP LLP (“MNP”) was appointed as the successor auditor and approved

by the Board of Directors.

In accordance with National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”), the

Corporation has filed a Notice of Change of Auditor. To the Corporation’s knowledge, there were no

“reportable events” as such term is defined in NI 51-102 between the Company and KPMG.

The Corporation also announces that all items presented at the Annual General and Special Meeting,

including the appointment of the new auditor were approved by the shareholders.

About Labrador Technologies

Labrador Technologies Inc. is a Calgary, Alberta based technology company evaluating new opportunities in

the technology sector.

For further information, please contact:

Kaan Camlioglu, Interim Chief Executive Officer

T: (403) 818-1091

E: [email protected]

Dean Stuart

T: (403) 617-7609

E: [email protected]

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture) accepts responsibility for the adequacy or accuracy of this release.