TruTrace Technologies Inc. — Capital/Financing Update 2021

Feb 24, 2021

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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TruTrace Technologies Announces Stock Option Grants

FOR IMMEDIATE RELEASE:

Toronto , February. 24, 2021 - TruTrace Technologies Inc. (CS E : TTT) (“ TruTrace ” o r the “ Company ”) is plea s ed to anno u nce that it has grante d (the “ Grant ”) an aggr e gate of 1,0 0 0,000 options t o purchase up to 1,00 0 ,000 com m on shares o f the Com p any to tw o directors o f the Compan y . The Opti o ns vest as follows: 25 % on Nove m ber 6, 202 0 and the re m aining O p tions monthly in equal re l eases over a period of s ix months fr om Nove m ber 6, 2020 . The Optio n s are exercisa b le for a per i od of 5 yea r s from the d ate of Gra n t at a price of $0.155 p e r common s hare. None of t he securiti e s issued in c onnection w ith the Gr a nt will be s u bject to a h o ld period.

This ne w s release d o es not cons t itute an off e r to sell or a solicitatio n of an offer to buy any o f the securitie s in the Uni t ed States. T he securitie s have not b een and wi l l not be reg i stered und e r the United S tates Secu r ities Act o f 1933, as a mended (t h e “ U.S. Securities Act ”) or any state securitie s laws and m ay not be o ffered or sold within t h e United St a tes or to U. S . Persons u nless registered under th e U.S. Secu r ities Act a n d applicab l e state sec u rities laws or an exemption from such registrati o n is available.

About TruTrace Technologies www.trutrace.co:

TruTrac e Technolog i es is the d e veloper of a fully inte g rated software platfor m , secured o n the blockch a in, offering clients the ability to st o re, manag e , share an d immediat e ly access q u ality assurance and testin g details, C O As, as well as motion a nd movem e nt intellige n ce on inve n tory. The plat f orm was s p ecifically d e signed to power the tr a ceability of testing sta n dards with i n the legal ca n nabis, nutr a ceutical, fo o d and pha r maceutical s pace with a focus on t h e authenti c ation of sourc e materials o r ingredien t s used in fo r mulation.

For More Information:

Robert G alarza, CE O Tel: 888- 7 75-4888 Email: i n fo@trutrac e .co

Twitter: @ TruTrace T ech LinkedI n : @trutrace t ech Faceboo k : https:// w ww.facebo o k.com/TruTrace/ Instagra m : @trutrac e technologi e s