• Company to host investor webinar on Thursday, July 27, 2023, at 10 AM PST / 1 PM EST to provide a corporate update and discuss Plurilock's strategic focus on AI safety

Vancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an AI cybersecurity solutions provider for workforces, is pleased to announce that Info-Tech Research Group ("Info-Tech"), a global IT research and advisory firm, has ranked Plurilock's flagship software platform, 'Plurilock AI' as the top Cloud Access Security Broker (CASB) software.

According to Info-Tech's CASB software rankings, Plurilock AI was ranked first among leading software solutions including Microsoft Defender for Cloud Apps, Prisma Cloud, Cisco Cloudlock and Oracle Cloud Access Security Broker.1 In addition, Plurilock AI was rated as a leader in terms of product features and satisfaction and vendor experience and capabilities. 2

"We are delighted to announce that Plurilock AI has been ranked as the top CASB software by Info-Tech," said Ian L. Paterson, CEO of Plurilock. "This ranking provides further validation that our unique technology offers robust security features that can protect our clients' employees during work remote sessions. The safety of our customer data and key resources is a top priority and we aim to become a market leader in providing zero-trust cybersecurity solutions."

Investor Webinar

The Company will host an investor webinar on Thursday, July 27, 2023, at 10 AM PST / 1 PM EST to provide a corporate update and discuss Plurilock's strategic focus on AI safety.

Presenters:

• Ian L. Paterson, CEO of Plurilock
• Scott Meyers, CFO of Plurilock

To register for the webinar, click the link below.
https://us02web.zoom.us/webinar/register/WN_y4x4u-UwSzaaqk4Euq6brw

A Q&A session will be held at the end of the webinar during which the Plurilock management team will answer investor questions.

Plurilock Featured in Omdia's "On the Radar" Report

The Company is also pleased to announce that Plurilock was featured in a recent Omdia "On the Radar" report. The report highlights the capabilities of Plurilock's DEFEND continuous authentication product, which is integrated with Amazon WorkSpaces and designed for remote work sessions as well as the Company's single sign-on, data loss prevention and cloud access security broker technology.3

About Plurilock

Plurilock secures workforces in the age of AI through its Plurilock AI platform, delivering advanced identity, data safety, and guard rails to safely implement AI solutions to commercial and government customers worldwide. With patented artificial intelligence and patented real-time identity confirmation technology, Plurilock AI enables zero-trust architecture and identity threat detection and response capabilities for regulated organizations with remote workforces. Through its Solutions Division, Plurilock aggregates world-class IT services and brings a comprehensive line of products that enable teams across North America and the globe to compute safely in a remote work world.

About Info-Tech

Info-Tech Research Group is the world's fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals. We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions.

About Omdia

Omdia is a leading global research and consultancy firm, based in London, United Kingdom, that offers technology markets research, consulting and custom reports and go-to-market advice and services. https://omdia.tech.informa.com/

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

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

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 forward-looking 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.