Press release

Plurilock Announces New Sale Order and Contract Renewals with Customers Worldwide for Flagship Cybersecurity Platform in November 2022

• Sale order signed with a professional services firm based in India

• Contract renewals secured with 30 leading institutions around the world in November 2022

VANCOUVER, BRITISH COLUMBIA—Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (“Plurilock” or the “Company”), an identity-centric cybersecurity solutions provider for workforces, is pleased to announce that the Company has received a sales order of its flagship software platform, ‘Plurilock’, from a professional services firm based in India (the “Customer”).

The Customer will pay an annual subscription fee to utilize the cloud security functionality of the Plurilock platform to protect their users. This technology offering enables organizations to prevent unauthorized access to their cloud database, allowing them to secure their communication platforms.

Furthermore, the Company is also pleased to announce that Plurilock has signed contract renewals with 30 customers worldwide for its flagship cybersecurity platform in November 2022. These customers consist of organizations from different key industry verticals such as consultancy, finance, automobile and pharmaceutical, and are based in various countries including India, Taiwan, Italy, Australia, United States, France, and Brazil. According to the term of the contracts, each customer has renewed their subscription for the cloud-based cybersecurity solution of this platform, which was previously known as Plurilock CloudCodes before being consolidated with other software products, announced on November 9, 2022. In addition, these customers can upgrade their existing enterprise plans and license other proprietary software offerings within the Plurilock platform.

“We are pleased to see significant customer retention and growth for our flagship cybersecurity platform,” said Ian L. Paterson, CEO of Plurilock. “The recent sale order and customer renewals highlight the robustness and comprehensiveness of our platform which is suited for organizations that are looking to strengthen different areas in their cyber defenses. We will continue to maintain a strong relationship with existing customers to explore cross-selling opportunities while growing our sales pipeline globally.”

About Plurilock Plurilock provides identity-centric cybersecurity for today’s workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson

Chief Executive Officer

ian@plurilock.com

416.800.1566

Roland Sartorius

Chief Financial Officer

roland.sartorius@plurilock.com

Prit Singh

Investor Relations

prit.singh@plurilock.com

905.510.7636

Forward-Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) related to future events or Plurilock’s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock’s business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, the success of the Company in obtaining new or extended contracts or orders; the Company’s ability to maintain existing customers or develop new customers; the Company’s ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; and unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Many of these factors are beyond the control of Plurilock. All forwardlooking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company’s business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR at www.sedar.com.

Neither 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.