Maritime Launch Services Inc. Issues Early Warning Report Filing Pursuant to National Instrument 62-103

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Maritime Launch Services Inc. (Cboe CA: MAXQ, OTCQB: MAXQF) (the “Company”). This press release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bids and Insider Reporting Issuers ("NI 62-103") in connection with the filing of early warning reports by each of Stephen Matier and Sasha Jacob as a result of their transfer of common shares of the Company (“common shares”) to certain arm’s-length third-parties.

Mr. Matier, through an entity controlled by him, Silverwing Enterprises LLC, has transferred 4,500,000 common shares of the Company for no monetary consideration to certain arm’s-length third parties to satisfy prior personal commitments. Prior to the transfer, Mr. Matier beneficially held an aggregate of 85,667,464 common shares and options to purchase an additional 2,250,000 common shares representing 20.75% of the then outstanding common shares on a fully diluted basis. Following the completion of the transfers, Mr. Matier now beneficially holds an aggregate of 81,167,464 common shares and options to purchase an additional 2,250,000 common shares representing 19.69% of the outstanding common shares on a fully diluted basis.

Mr. Jacob, through an entity controlled by him, Jacob Capital Management Inc., has transferred 4,500,000 common shares of the Company for no monetary consideration to certain arm’s-length third parties to satisfy prior personal commitments. Prior to the transfer, Mr. Jacob beneficially held an aggregate of 115,676,235 common shares, warrants to acquire 13,500,000 additional common shares, options to purchase and additional 2,250,000 common shares, and $140,000 in convertible debentures currently convertible at $0.12 for 1,166,667 Shares representing 30.24% of the outstanding common shares on a fully diluted basis. Following the completion of the transfers, Mr. Jacob now beneficially holds an aggregate of 111,176,235 common shares, warrants to acquire 13,500,000 additional common shares, options to purchase an additional 2,250,000 common shares, and $140,000 in convertible debentures currently convertible at $0.12 for 1,166,667 Shares representing 29.22% of the outstanding common shares on a fully diluted basis.

The above noted transactions and transfers are independent of the extension of Convertible Debentures and pending Private Placement, announced by the Company on November 13, 2024.