Critical Infrastructure Technologies Ltd. — Capital/Financing Update 2025

Mar 20, 2025

Citech

NEWS RELEASE

CSE: CTTT | OTCQB: CITLF

CRITICAL INFRASTRUCTURE TECHNOLOGIES LTD. AWARDED AUD$1,162,877 GRANT FROM AUSTRALIAN GOVERNMENT

Vancouver, BC – March 20, 2025 – Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTCQB: CITLF) ("CiTech" or the "Company"), a leading developer and manufacturer of high-capacity mobile communication towers, is pleased to announce the successful outcome of its Industry Growth Program Grant Application to the Australian Government's Department of Industry, Science and Resources.

In October 2024, CiTech submitted an application for AUD$1,162,877 under the Industry Growth Program to support the construction of three Nexus 16 mobile communication towers. The Company is proud to confirm that its application has been approved by Industry Growth Program committee on February 20, 2025.

As a matched funding grant, in order for CiTech to receive the aforementioned funds, CiTech is required to secure co-funding through Nexus 16 sales, loans, and/or equity financings over the 14-month grant period. There is no guarantee that CiTech will be able to secure the necessary co-funding.

On Behalf of the Board of Directors:

Brenton Scott
Director & Chief Executive Officer
Critical Infrastructure Technologies Ltd.
Brenton.s@citech.com.au
+61 411 751 191

About Critical Infrastructure Technologies Ltd.

Listed on the CSE with operations in Perth, Western Australia, CiTech is creating autonomous, high capacity, rapidly deployable technology that delivers essential services to where they are needed most. CiTech is targeting the mining, emergency services and defence sectors in relation to its first product release, the Nexus 16, which aims to provide critical mobile telecommunications for such sectors. Using patented technologies, CiTech's self-deploying platform (SDP) provides a solution for two of the greatest limitations of current rapidly deployable communication solutions, strength of the tower and ability to rapidly self-deploy and operate, in numerous situations. The SDP is designed to support radio equipment including LTE (Long Term Evolution) and several other technology payloads, such as surveillance and anti-drone systems. CiTech has completed the research and development phase and is currently

40325850v1

---

citech

commercialising the first of many products that will be released. To learn more about the Company, visit www.citech.com.au.

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

FORWARD-LOOKING INFORMATION

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: (i) expectation regarding anticipated co-funding secured by the Company; (ii) expectations regarding sales of its Nexus 16 mobile communication towers; and (iii) expectations for other economic, business, and/or competitive factors.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the Company could fail to secure the necessary co-funding in order to obtain the grant. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable laws.

40325850v1