Martello Technologies Group Inc. announced the appointment of Kim Butler as the Company's Interim Chief Financial Officer (the "Interim CFO"), effective February 16, 2022. Current Chief Financial Officer ("CFO") Erin Crowe, whose departure from Martello was announced on December 1, 2021 will continue as acting CFO on a consulting basis until February 15, 2022. Ms. Butler is a seasoned finance executive with more than 30 years of executive level financial and operational experience with large public and private Canadian and multinational organizations.

She has served as the CFO/COO of technology companies including Bridgewater Systems Corporation, Amdocs, CENX and Ericsson and previously held a senior finance role in Mitel Networks Corporation. In addition to her track record of financial and operational leadership, her experience includes mergers and acquisitions, operational and strategic leadership of IT, procurement, sales operations, contract management, legal affairs and human resources. Ms. Butler holds a Chartered Professional Accountant (CPA) designation and Institute of Corporate Directors (ICD.D) designation and has experience as a Board Director and Corporate Secretary.

Ms. Butler, who has already begun working closely with Erin Crowe ahead of the transition to Interim CFO, will act as Interim CFO on a part-time basis until such time as a permanent CFO is appointed, pursuant to a consulting agreement with Stratford Group, an Ottawa-based management consulting firm. Martello has engaged executive search firm Keynote Search to identify suitable candidates for the role of permanent CFO.