Company Announces More Warrants Exercised

• Existing high tech manufacturing customer that first engaged Plurilock last fall

• Validation of Plurilock's strategy of winning large, high-value customers and expanding those relationships by delivering consistent, high-quality services and solutions

Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces that it has secured a new US$1.7 million sale with an existing client, a major semiconductor manufacturer. The customer, a prominent industry leader, initially began working with Plurilock Critical Services last fall.

The sale, awarded through the Company's Aurora Systems Consulting division, is based on the success of previous work delivered by Plurilock and will further enhance the customer's cybersecurity infrastructure.

"The expansion of our partnership with this major semiconductor manufacturer demonstrates the efficacy of both our Critical Services and Aurora Systems Consulting," said Ian L. Paterson, CEO of Plurilock. "This new contract is a testament to the strength of our solutions and the results we have delivered. It also highlights our ability to expand contracts with satisfied clients over time as we continue to build trust through successful engagements."

Warrants Exercised

Management is pleased to announce that as of October 1, 2024 warrants were exercised to purchase 13,627,613 of the Company's common shares at an average price of $0.26, adding $3,595,644 to the Company's Treasury. This is an increase from the August 28, 2024 announcement that warrants were exercised to purchase 8,038,946 shares of the Company's common stock at an (average) exercise price of $0.27 per share for gross proceeds of $2,190,949.

About Plurilock

Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services-aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
[email protected]
416.800.1566

Ali Hakimzadeh
Executive Chairman
[email protected]
604.306.5720

Sean Peasgood
Investor Relations
[email protected]
647.953.5607

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