TeraGo Inc. at its Annual and Special Meeting of Shareholders held on June 15, 2023, announced that the nominees listed in the management information circular for the Company's 2023 Annual and Special Meeting of Shareholders (the "Meeting") were each either elected or re-elected as directors of TERAGO. Following the Meeting, the Company board composition remained at seven total directors, six of whom are independent. TERAGO welcomed its newly elected directors, Mr. Daniel Vucinic, Mr. Fred Hrenchuk, Ms. Tina Pidgeon and Mr. Jim Watson, to its board of directors.

Mr. Fred Hrenchuk is the founder and currently serves as the Principal of Citada Capital. Mr. Hrenchuk is the founder and currently the Principal of Citada Capital, which serves as an angel investor for small start-up companies and provides advisory services primarily in telecommunications since 2016. From 2008 to 2016, Mr. Hrenchuk was the CEO for Bite Group (Baltics) where he led the successful exit process on the back of double-digit EBITDA growth.

Prior to that Mr. Hrenchuk was CTO of Vodafone Czech Republic for 8 years. Mr. Hrenchuk holds a degree in Economics from York University. Mr. Hrenchuk is a Canadian Citizen.

Ms. Pidgeon is currently the Principal of Tina Pidgeon Strategies. Ms. Pidgeon is a 25-year veteran of the telecom and tech industry and a recognized leader in telecommunications policy development and broadband infrastructure deployment. As the Principal of Tina Pidgeon Strategies, she advises clients on business transformation, executable advocacy strategies, and organizational design.

Ms. Pidgeon previously spent 17 years with GCI Communication Corp. (GCI), an Alaska telecommunications company providing statewide broadband and wireless services. As GCI's General Counsel, Chief Compliance Officer, and SVP, Governmental Affairs for a decade, she directed the company's legal, policy, regulatory, communications, compliance, and risk operations, and applied her DC-based expertise in broadband deployment, universal service policy, and wireless and video service matters.

During that time, she served on the company's senior executive team, which guided significant wireless transactions and major infrastructure deployments across Alaska, and managed broadband, wireless, video, and traditional telecom service businesses. Ms. Pidgeon subsequently served as Special Advisor to the CEO, and earlier as Vice President of Federal Regulatory Affairs. Prior to her roles with GCI., Ms. Pidgeon was an associate with the law firm of Drinker Biddle & Reath LLP (now Faegre Drinker) in Washington, D.C., where she specialized in regulatory policy and compliance in the telecommunications industry.

Ms. Pidgeon also serves as a director of AP&T (Alaska Power and Tel), chairing the Governance and Nominating Committee; the American Oncologic Hospital, a comprehensive cancer center in Philadelphia, and the Fox Chase Cancer Center Foundation, chairing the Institutional Advancement Committee, and previously of Nova, an Icelandic mobile wireless and broadband company. Ms. Pidgeon is a graduate of the University of Virginia School of Law and the University of Notre Dame, and her efforts, experience, and leadership have been recognized by many industry and professional organizations. Ms. Pidgeon is an American Citizen.

Mr. Watson served as the 56th mayor of the city of Ottawa, Ontario from 2010 to 2022. Prior to this, Mr. Watson served as Member of Provincial Parliament for the Ottawa West-Nepean riding and was appointed as Minister of Consumer and Business Services in 2003. In addition, he became Ontario's first Minister of Health Promotion in 2005 and Minister of Municipal Affairs in 2007.

From 2000-2003, Mr. Watson served as President and CEO of the Canadian Tourism Commission, a Federal Crown Corporation designed to market Canada domestically and internationally as a tourism destination. Previously, Mr. Watson also served as an Ottawa city councilor from 1991 to 1997, and as mayor from 1997 to 2000. Mr. Watson has served on the board or as honorary chair of several community organizations including the Riverside Hospital, the National Arts Centre, the Central Canada Exhibition Association, the Christmas Exchange of Ottawa, and the Forum for Young Canadians.

He also served as chair of the United Way's 2002 campaign. Mr. Watson is the recipient of several honours and awards for his previous and continued service to the community, including the Queen's Diamond Jubilee Medal. Mr. Watson graduated from Carleton University with a degree in Journalism.

Mr. Watson is a Canadian Citizen. The Company also announced that Mr. Richard Brekka, Mr. Gary Sherlock and Ms. Laurel Buckner have stepped down from the board of directors after having each served a ten-year term, a seven-year term and a five-year term respectively.