Vancouver, British Columbia--(Newsfile Corp. - June 28, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce a strategic partnership with Mila - Quebec Artificial Intelligence Institute. Under the partnership agreement, Railtown will be able to forge links with Mila's research community and explore ways to help further develop the company's AI capabilities.

This partnership will also grant Railtown other benefits such as access to recruitment, training, and Mila workspaces, as well as the opportunity to conduct applied research projects together with Mila, in addition to visibility across Mila's website and social media, channels, conferences, and business opportunities related to other Mila partners.

Mila is internationally renowned for its significant contributions to artificial intelligence and machine learning (ML). The collaboration will strengthen Railtown's relationship within the research and developer communities, and expand access to a growing pool of domestic and global ML talent; additionally, Railtown will have exposure to Mila's continued research findings.

"With multiple large projects in our pipeline, we expect that partnering with Mila will allow us to enhance our research processes as part of our future product releases. We see this partnership as an exciting opportunity to collaborate with Mila's research team to help accelerate Railtown's AI roadmap and bring our Application General Intelligence (AGI) closer to customers around the globe," states CEO Cory Brandolini.

About Mila

Founded by Professor Yoshua Bengio of the University of Montreal, Mila is the world's largest academic research center for deep learning, bringing together over 1,200 specialized researchers in machine learning. Based in Montreal and funded in part by the Government of Canada through the Pan-Canadian AI Strategy, Mila's mission is to be a global center for scientific advancements that inspire innovation and the growth of AI for the benefit of all. Mila is a globally recognized non-profit organization for its significant contributions to deep learning, especially in the fields of language modeling, automatic translation, object recognition, and generative models. For more information, visit mila.quebec.

About Railtown AI Technologies

Railtown AI, a Microsoft Partner, is a cloud-based Application General Intelligence Platform for Software Developers and Teams that practice Agile Project Management. We purposely built our Application General Intelligence Platform to help Software Developers and Agile practitioners save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown's proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft's Azure Marketplace.

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ON BEHALF OF THE BOARD

"Cory Brandolini" Cory Brandolini, Chief Executive Officer

INVESTOR CONTACT

Rebecca Kerswell
Investor Relations and Marketing
Email: investors@railtown.ai
Phone: (604)417-4440

This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may", "should", "intends", "anticipates", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators.

Readers are cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and readers should not place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.