Turnium Technology Group Inc. Announces Upsized Non-Brokered Private Placement

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Vancouver, Canada--(Newsfile Corp. - July 8, 2024) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or the "Company"), an industry leader in cloud-native software-defined wide area networking solutions (SD-WAN), announces that, further to its news release dated May 30, 2024 (the "Prior News Release"), the Company has increased its previously announced non-brokered private placement (the "Offering") of units (each a "Unit") at a price of CAD$0.07 per Unit such that an aggregate of up to 10,214,285 Units (previously up to 8,214,285 Units) may be issued for aggregate proceeds of up to CAD$715,000 (previously CAD$575,000). The terms of the Offering are otherwise unchanged.

The Offering is anticipated to be completed concurrently with the closing of the Company's proposed acquisition of 100% of the issued and outstanding ordinary shares in the capital of Claratti Pty Ltd ("Claratti"), which will result in Claratti becoming a wholly-owned subsidiary of Turnium (the "Acquisition"), and which is anticipated to be completed during July 2024.

Additional details regarding the Acquisition and the Offering are outlined in the Prior News Release, accessible on the Company's profile at www.sedarplus.ca.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Turnium Technology Group Inc.

We make internet connections more secure and reliable for businesses. Our cloud-native software-defined wide area networking (SD-WAN) software platform is licensed by our global network of channel partners and used to deliver highly reliable and secure connections to the applications and data that their business and enterprise customers need using cost-effective standard internet, wireless, or low-earth orbit satellite services. Compared to other options, the proprietary software-based solution that we offer is easier to manage, more flexible and faster to deploy, and more cost-effective than virtual private network (VPN) solutions or the services offered by traditional telecommunication carriers.