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Intermap Technologies Provides Filing Update

Intermap Technologies (“Intermap” or the “Company”), today provided updates on its business related to COVID-19 and on the timing of its regulatory filings.

The spread of COVID-19 and related restrictions on travel and non-essential services have led to a general reduction in business activity worldwide and in delays in government contracting for the Company’s products and services. While the Company expects these effects to be temporary, the duration of the business disruptions and the related financial impact on the Company, its business and its liquidity cannot be reasonably estimated at this time. As a result of COVID-19 pandemic developments, the Canadian Securities Administrators recently granted blanket relief (the “Blanket Relief”) for all market participants, providing up to a 45-day extension for periodic filings normally required to be made on or before June 1, 2020.

In accordance with the Blanket Relief, the Company will be delaying the filing of its audited annual financial statements for the year ended December 31, 2019 (the “2019 Annual Financial Statements”), annual management’s discussion and analysis (“MD&A”) for the corresponding period, related management certifications of annual filings and its annual information form (collectively, the “Filings”). In addition to the Filings, the Company also intends to rely on the Blanket Relief in order to extend the date by which the Company must, under applicable securities laws, deliver an annual request form, the 2019 Annual Financial Statements and the MD&A. The Company expects to be able to complete the Filings and those deliveries on or before May 14, 2020 and confirms there have been no material business developments since the release of preliminary 2019 financial results on January 31, 2020. The Company’s insiders and management remain restricted from trading in Intermap securities pursuant to the Company’s insider trading policy, which reflects the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.