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Press release

Plurilock Reaches Definitive Agreement with Libby K Industries and Announces Plans to Go Public

Companies enter into amalgamation agreement to enable previously announced reverse takeover (RTO) qualifying transaction

VICTORIA, BRITISH COLUMBIA—Plurilock Security Solutions, Inc. a leading provider of invisible and continuous authentication technologies for enterprises, announced this week that it has entered into a definitive amalgamation agreement (“The Transaction”) with Libby K Industries Inc., a capital pool company listed on the TSX Venture Exchange.

The Transaction, which will enable Plurilock to conduct business as a public issuer on the TSX-V, is subject to the approval of the TSX-V and is intended to constitute Libby K’s ‘Qualifying Transaction’ in accordance with TSX-V Policy 2.4 covering capital pool companies.

“We are excited to enter into a definitive agreement with Libby K Industries,” says Ian L. Paterson, CEO of Plurilock. “As a team, this transaction enhances our ability to provide advanced authentication products and enables greater access to capital, increased liquidity and the ability to execute on M&A transactions. As we transition into a public listing, we look forward to diversifying our shareholder base and executing on our vision as a leading cybersecurity platform.”

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX-V acceptance and, if applicable pursuant to TSX-V requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There is no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a public venture company should be considered highly speculative.

About Plurilock

Plurilock is a cybersecurity company that provides advanced and continuous authentication for standards and regulatory compliance. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely—and with peace of mind.

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