Plurilock Announces Dates for Second Quarter 2025 Financial Results

• Gross Margin $2.5 million, 21.9% of sales in Q1 2024 vs. $2.1 million, 13.6% in Q1 2023.
• Plurilock Critical Services growth of 66% to $1.0 million in Q1 2024 from $0.6 million in Q1 2023.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solution provider for workforces, today announces its financial results for the three months ended March 31, 2024. All dollar figures are stated in Canadian dollars, unless otherwise indicated.

"During the first quarter of 2024, Plurilock achieved growth in its services, a key strategic initiative for the company," said Ian L. Paterson, CEO of Plurilock. "Plurilock is diligently marching forward with its Critical Services offer and gaining momentum towards its profitability goals."

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company") announces that further to its news release dated April 3, 2024, it has received TSX Venture Exchange (the "Exchange") approval to amend (the "Debenture Amendment"), for a thirty (30) day period, certain terms of the unsecured convertible debentures of the Company (each, a "Debenture") that were issued by the Company on August 15, 2022 and September 20, 2022 in connection with the private placement of debenture units consisting of $1,000 principal amount of 10% Debentures and 500 common share purchase warrants (each, a "Warrant").

Prior to the Debenture Amendment taking effect, the Debentures were convertible into common shares of the Company (each, a "Debenture Share") at a price of $2.00 per Debenture Share, on a post-consolidation basis. The Warrants were also exercisable into common shares of the Company (each, a "Warrant Share") at a price of $2.00 per Warrant Share, on a post-consolidation basis.

Sale Will Provide Edge and Network Security Solution for Protected and Classified Networks

Plurilock Security Inc. (TSXV: PLUR) ("Plurilock" or the "Company"), is pleased to announce the sale of an advanced edge and network security solution to a key agency of the Government of Canada, in a combined hardware and software sale totaling CA$900,000.

• Total revenue of $70.4 million for the year ended, 2023, an increase of 9% year-over-year.
• Gross margins increased to 8.3% from 7.7% for the year ended December 31, 2023.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solution provider for workforces, today announces its financial results for the year ended December 31, 2023. All dollar figures are stated in Canadian dollars, unless otherwise indicated.

"We made many significant changes in 2023 and continue to move forward as we grow the business and drive forward towards profitability," said Ian L. Paterson, CEO of Plurilock. "While the economic outlook is unclear for 2024, cybersecurity threats are on the rise and show no signs of slowing down. Increased cyber threats are one of the main drivers of our growing sales pipeline, particularly with Plurilock Critical Services."

Plurilock Security Inc. (TSXV: PLUR) ("Plurilock" or the "Company"), is pleased to announce the closing of private placements previously announced April 3, 2024 and April 11, 2024, totaling in aggregate $5.5 million dollars. Specifically, the Company completed the issuance of 22,500,000 units at a price of $0.20 for gross proceeds of $4.5 Million. Each unit being comprised of a share and a two-year warrant exercisable at $0.25 in the first year and $0.40 in the second year. Finder's fees in cash of $203,315 were paid and 1,016,575 finder's warrants were issued. The Company also completed the issuance of 4,444,443 units at a price of $0.225 for gross proceeds of $1 Million. Each unit being comprised of a share and a two-year warrant exercisable for two years at $0.30. Finder's fees in cash of $35,000 were paid and finder's warrants of 155,555 were issued. All securities issued in both private placements will bear a restriction of four months and a day from the date of closing.