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Canada Jetlines Operations Ltd. Capital/Financing Update 2021

Oct 7, 2021

48174_rns_2021-10-06_6e5e3f85-e9f3-4f79-a933-13f13aca9287.pdf

Capital/Financing Update

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NOTICE DECLARING INTENTION TO BE QUALIFIED UNDER NATIONAL INSTRUMENT 44-101

SHORT FORM PROSPECTUS DISTRIBUTIONS ("NI 44-101")

October 6, 2021

TO: British Columbia Securities Commission Alberta Securities Commission Saskatchewan Financial Services Commission The Manitoba Securities Commission Ontario Securities Commission New Brunswick Securities Commission Nova Scotia Securities Commission Prince Edward Island Securities Office Government of Newfoundland and Labrador Government of Northwest Territories Government of Yukon

Canada Jetlines Operations Ltd. (the " Issuer ") intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus.

This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.