March 26, 2021 – TheNewswire - Vancouver, BC - SoftLab9 Technologies Inc. (CSE:SOFT); (CNSX:SOFT.CN); (Frankfurt:APO2); (OTC:SOFSF) (‘Softlab9” or the “Company”) is providing a shareholder update on the status of its proposed transaction with Clean Go Green Go Inc. (“CleanGo”) and the resumption of trading of its shares on the Canadian Securities Exchange (the “CSE”).

As announced on February 25, 2021 the Softlab9 shareholders have approved the “fundamental change of business” (as defined in the policies of the CSE) for the Company that will result from its acquisition of CleanGo pursuant to a plan of arrangement (the “Arrangement”) and the continuation of Softlab9 from the Province of British Columbia into the Province of Alberta (the “Continuance”), conditional upon completion of the Arrangement.

Softlab9 shareholders did not exercise their statutory rights of dissent from the Continuance. On the same date, following the Softlab9 shareholder meeting, the CleanGo shareholders met and approved a special resolution approving the Arrangement. Following receipt of both companies’ shareholders’ approval, CleanGo obtained final approval for the Arrangement from the Court of Queen’s Bench of Alberta.

On March 22, 2021, Softlab9 filed a copy of its Form 2A with the CSE for review and final approval.  There is no guarantee the resulting issuer will be approved for listing.

Trading in Softlab9 Shares

Trading in the common shares of Softlab9 has been halted since November 2020 and will remain halted pending the approval of the Arrangement as a fundamental change by the CSE. CSE approval will be conditional upon the resulting issuer meeting the minimum listing requirements for a new listing.

On behalf of the Board,

Softlab9 Technologies Inc.

Alnoor Nathoo. Director

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

Certain statements made in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information herein include statements about completion of the Arrangement and approval of the CSE of the fundamental change of business and the listing of the resulting issuer.

Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Softlab9 or the resulting issuer to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements, including the completion of the Arrangement and the obtaining of CSE approval for listing of the resulting issuer. Although our management believes that the assumptions underlying the forward-looking statements are reasonable, there can be no assurance that the forward-looking statements will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. These risks, uncertainties and other factors include uncertainty regarding Softlab9’s and CleanGo’s abilities to satisfy the conditions to closing of the Arrangement, and the ability of the resulting issuer to meeting minimum listing requirements for listing on the CSE. Other risks facing the resulting issuer will be discussed in the section entitled “Risk Factors” in the Listing Statement to be filed with the CSE and on SEDAR in respect of the Arrangement upon completion.

We can provide no assurance that the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information as conditions change.

All forward looking statements and information contained in this news release are qualified by this cautionary statement.

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