SATO Technologies Corp. Provides Results from Shareholder Meeting

Toronto, Ontario--(Newsfile Corp. - June 30, 2023) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the "Company", or "SATO") is pleased to announce that all resolutions considered at its 2023 Annual General and Special Meeting of shareholders on June 30, 2023, were approved by its shareholders. Particulars of the voting are set out at the end of this news release.

The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:

• Romain Nouzareth, Frank Di Tomaso, Dominique Payette, Fred T. Pye and Mathieu Nouzareth were duly re-elected to SATO's board of directors.
  
  
• Raymond Chabot Grant Thornton LLP was re-appointed as an independent, external auditor of SATO for the ensuing year or until its successor is appointed, and the Board was authorized to fix its remuneration.
  
  
• The Company's Stock Option Plan was re-approved.

The resolutions voted on at the meeting are described in more detail in SATO's Management Information Circular, dated May 26, 2023, which was mailed to shareholders and is available on SEDAR at www.sedar.com.

Detailed Voting Results

About SATO
SATO, founded at Bitcoin block 494673 in 2017, is a prominent innovator in the field of computing power commodities, specializing in Bitcoin mining by efficiently operating a 20 MW data center that generates nearly 0.6 EHs of mining power. Listed on TSX.V:SATO & OTCQB:CCPU.F since 2021, the Company prides itself on outstanding performance, financial stability, and a top-tier team. To learn more about SATO's distinct vision, ambitious goals and meet the team, visit www.bysato.com.

For additional information, please contact:

Investor Relations: invest@bysato.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172042