Namaste Technologies Inc. (“Namaste” or the “Company“) (TSXV:N.V) (M5BQ.F) (NXTTF) announces that its principal regulator, the British Columbia Securities Commission, has accepted the Company’s application for, and has granted, a management cease trade order (the “MCTO“). As previously announced on March 18, 2019 , the application for the MCTO was made by the Company due to a delay in the filing of its audited annual financial statements for the fiscal year ended November 30, 2018 , the accompanying management’s discussions and analysis and the related CEO and CFO certifications (collectively, the “Annual Filings“) by the filing deadline of April 1, 2019 .

The delay in completing the Annual Filings is to permit sufficient time for its newly appointed auditor, Baker Tilly WM LLP, to complete its audit.

During the period in which the MCTO is effective, the general investing public, who are not insiders of the Company, will continue to be able to trade in the Company’s listed common shares. However, the Company’s CEO and CFO will not be able to trade the Company’s shares until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted.

Namaste’s board of directors and its management confirm that they are working expeditiously to meet the Company’s obligations relating to the filing of the Annual Filings. At this time, the Company anticipates being able to complete the Annual Filings by May 31, 2019 .

During the MCTO, the Company confirms that it will comply with the provisions of the alternative information guidelines set out in National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release.