Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - FluroTech Ltd. (TSXV: TEST.H) ("FluroTech" or the "Company") announces that the amalgamation agreement between the Company and Great Slave Helicopters 2018 Ltd., among others, dated April 19, 2024, as amended (the "Definitive Agreement"), and as further described in the press releases dated April 19, 2024 and May 1, 2024, has been terminated due to unfavorable market conditions and changed economic conditions impacting the proposed transaction and events outside the Company's control.

The Company is continuing to identify and evaluate assets and businesses with a view of reinstating the Company on the TSX Venture Exchange (the "TSXV").

The Company's common shares are listed on the NEX Board of the TSXV (the "NEX") under the symbol "TEST.H". Trading in the common shares of the Company has been halted since December 20, 2023. The Company has applied to the NEX to resume trading of its common shares, which were previously halted from trading pending completion of the proposed transaction.

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

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning: the Company's expectation as to the resumption of trading of its common shares on the NEX constitute forward-looking information. FluroTech cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of FluroTech, including expectations and assumptions concerning FluroTech and the timely receipt of all required NEX, TSXV and regulatory approvals and exemptions (as applicable). The reader is 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 FluroTech. The reader is cautioned not to 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 press release are expressly qualified by this cautionary statement.

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