Danavation Technologies Corp. announce that have secured two new contracted installations for innovative Digital Smart LabelsTM, including two locations for a liquor retailer in the Yukon, along with another True Value Hardware location in California, further demonstrating the benefits of Danavation's existing relationship with the True Value brand umbrella. Combined, these two contracts are expected to represent approximately CAD 120,000 in up- front revenue for Danavation, to be realized upon completion, and will add to the Company's growing annual recurring revenue base.

New Contract Details Big Bear Donair & Liquor ­ Two Installations in Whitehorse, Yukon Big Bear Liquor & Donair is a liquor retailer and restaurant with two locations in Whitehorse, Yukon, each carrying a vast selection of domestic and imported wine, beer and spirits. With both locations also featuring an attached restaurant, Big Bear is a local gathering spot regularly frequented by members of the community. This is Danavation's first installation into the Yukon Territory, with both locations expected to be complete by mid-spring of 2023.

True Value ­ Installation into building materials retailer in California A retail banner under the True Value umbrella located in California is set to be outfitted with our Digital Smart LabelsTM, targeted for completion in the spring of 2023. Accelerating Momentum Across North America Including the above-mentioned contracted installations, since the beginning of 2023 alone, Danavation has announced installations of our Digital Smart LabelsTM into eight new retail locations across Canada and the U.S., including two additional ACE Hardware locations, two Fowler's Garden Centre locations, and one additional building materials store in Quebec.