Route1 Inc. announced that Peter Chodos, the Company's Executive Vice President and Chief Financial Officer has entered into a new role with the Company and effective November 1, 2022 date becomes Executive Vice President, Corporate Development. The agreement between Peter Chodos and the Company will be for a period of one year and is extendable by mutual agreement. Mr. Chodos will continue with Route1 in leading its acquisition growth and other strategic initiatives, assisting in the execution of important operational tasks and managing capital market relationships including debt funders.

Mr. Chodos will also continue as a director with Route1. The Company's annual general and special meeting of shareholders (the "Meeting") will be held on November 30, 2022. The Company recently mailed its management information circular.

One of the matters to be voted on at the Meeting is the election of the Company's directors. The Company has put forward three independent directors, Michael F. Doolan, Michael D. Harris and John Marino, for election, and Tony Busseri and Peter Chodos. Directors who are part of the Company's management team do not receive additional compensation as board directors.

Until a replacement for Peter Chodos is secured, Tony Busseri will add to his duties and act as the Company's Chief Financial Officer ("CFO").