Principal Technologies Inc. — Audit Report / Information 2024

Aug 13, 2024

PRINCIPAL TECHNOLOGIES INC. Suite 2500, 700 West Georgia Street Vancouver, BC V7Y 1B3

NOTICE OF CHANGE OF AUDITOR

To: British Columbia Securities Commission Alberta Securities Commission

AND TO: DMCL LLP, Chartered Professional Accountants (“ DMCL ”) Manning Elliott LLP (“ Manning ”)

RE: Notice Regarding Change of Auditor Pursuant to Section 4.11 of National Instrument 51-102 – Continuous Disclosure Obligations (“ NI 51-102 ”)

Notice is hereby given of a change of the auditor of Principal Technologies Inc. (the “ Company ”) pursuant to section 4.11 of NI 51-102 as follows:

1. The Company has requested and has accepted the resignation of its auditor, DMCL, effective August 1, 2024 and Manning has been appointed as auditor of the Company, to hold office until the next annual general meeting of the Company.

2. The determination to accept the resignation of DMCL and the determination to appoint Manning, in each case as the Company’s auditor, were considered and approved by both the Company’s board of directors and its Audit Committee.

3. DMCL did not express a modified opinion for any of its reports on the financial statements of the Company for: (a) the two most recently completed fiscal years preceding the date of this Notice; or (b) any period subsequent to the two most recently completed fiscal years and ending on the date of this Notice.

4. No “reportable events” (as defined in section 4.11(1) of NI 51-102) have occurred.

1st DATED the _____ day of August, 2024.

PRINCIPAL TECHNOLOGIES INC.

Per: /s/ Gerald Trent Gerald Trent Chief Executive Officer