Labrador Technologies Inc. Enters into Definitive Purchase and Sale Agreement

LABRADOR TECHNOLOGIES INC. ENTERS INTO DEFINITIVE PURCHASE AND SALE AGREEMENT

Calgary, Alberta, April 6, 2022: Labrador Technologies Inc. (the “Corporation” ) (TSXV – “LTX”) is pleased

to announce that, pursuant to its press release dated April 5, 2022, it has entered into the definitive

purchase and sale agreement pertaining to the purchase of a 51% working interest in the Atlee

property.

Trading Halt

The Corporation has been advised by the TSX Venture Exchange that trading in the common shares of

the Corporation will remain halted until closing of the Transactions (as that term is defined in the April 5,

2022 press release).

Cautionary Note

Completion of the Transactions remains subject to a number of conditions, including but not limited to,

TSXV acceptance and if applicable, shareholder approval. There can be no assurance that the

Transactions will be completed as proposed or at all. Investors are cautioned that, except as disclosed in

the management information circular or filing statement to be prepared in connection with the

Transactions, any information released or received with respect to the Transactions may not be accurate

or complete and should not be relied upon.

Forward Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities

legislation. Forward-looking statements include, but are not limited to statements pertaining to the

Corporation’s ability to complete the Transactions and its ability to obtain TSXV approval and, if required,

shareholder approval.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered

reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause

the actual results and future events to differ materially from those expressed or implied by such forward-

looking statements. Accordingly, readers should not place undue reliance on forward-looking

statements. Labrador disclaims any intention or obligation to update or revise any forward-looking

statements, whether as a result of new information, future events or otherwise, except as required by

law.

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

release.

Not for Release in the United States of America

For further information, please contact:

Kaan Camlioglu

Interim CEO, Labrador Technologies Inc.

Phone: (403) 818 1091

Email: [email protected]