Calgary, Alberta--(Newsfile Corp. - March 11, 2024) - FluroTech Ltd. (TSXV: TEST.H) ("FluroTech" or the "Company") and Great Slave Helicopters 2018 Ltd. ("GS Heli") are pleased to announce that further to the news release dated December 21, 2023, the parties have entered into an updated non-binding letter of intent (the "Letter of Intent") which provides for an updated acquisition price and changes to the proposed board of directors. Pursuant to the Letter of Intent, the Company will acquire all the issued and outstanding shares of GS Heli (the "GS Heli Shares") pursuant to a share purchase, business combination, plan of arrangement or similar structure (the "Transaction"). It is intended that the Transaction will constitute a "Change of Business" for the Company, as such term is defined in Policy 5.2 ("Policy 5.2") of the TSX Venture Exchange (the "TSXV"). Additionally, it is intended that the Transaction will constitute the Company's "Reactivation" under the policies of the TSXV and that upon completion of the Transaction (the "Closing") and satisfaction of all conditions of the TSXV, the Company as it exists upon completion of the Transaction (the "Resulting Issuer") will have its listing transferred from the NEX board of the TSXV ("NEX") to the TSXV.

Toronto, Ontario--(Newsfile Corp. - December 21, 2023) - FluroTech Ltd. (TSXV: TEST.H) ("FluroTech" or the "Company") and Great Slave Helicopters 2018 Ltd. ("GS Heli") are pleased to announce that they have entered into a non-binding letter of intent in connection with an assignment agreement dated December 21, 2023 (the "Letter of Intent"), pursuant to which the Company and GS Heli intend to complete a business combination or other similarly structured transaction which will constitute a reverse take-over of the Company by GS Heli (the "Transaction"). In connection with the Transaction, the Company intends to acquire all of the issued and outstanding securities of GS Heli (the "GS Heli Shares"). It is intended that the Transaction will constitute a "Reverse Take-Over" for the Company, as such term is defined in Policy 5.2 ("Policy 5.2") of the Corporate Finance Manual of the TSX Venture Exchange (the "TSXV"). Additionally, it is intended that the Transaction will constitute the Company's "reactivation" under the policies of the TSXV and that upon completion of the Transaction (the "Closing") and satisfaction of all conditions of the TSXV, the Company as it exists upon completion of the Transaction (the "Resulting Issuer") will have its listing transferred from the NEX board of the TSXV ("NEX") to the TSXV.