CORPORATE UPDATE ON ANNUAL DEPOSITS AND RESUMPTION OF TRADING

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Vancouver, BC, Feb. 05 Feb. 2, 2022 (GLOBE NEWSWIRE) — XRApplied Technologies Inc. (“XRA” or the “Company”) is pleased to announce that trading of its common stock on the CSE will resume on Monday, February 7, 2022. The recent cease trading has has been canceled and all outstanding continuous disclosure documents have been filed by the Company, except for a business acquisition report relating to its acquisition of XRApplied SAS. This document will be filed as soon as the auditors of XRApplied SAS complete their review of the financial statements for the past two years. The Company expects this to be completed within the next few weeks. Until then, the Company will remain on the BCSC’s “default issuer” list, but still eligible for trading.

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About XRApplied Technologies Inc.

XRA is an immersive technology solutions provider that specializes in delivering cost-effective AR/VR e-commerce applications to businesses large and small. We achieve this through a suite of exclusive products and services (AR catalog, toy gamification, AR App e-commerce, AR/VR interactive games) that we offer to the general public through our exclusive XRA marketing platform.

Further information about XRApplied is available under its profile on the SEDAR website, www.sedar.com on the CST website, www.thecse.com and the Company’s website, www.xrapplied.com

For more information about the company, please contact:

Stone of Alexandria

Spyrock Consulting Inc.

E-mail: [email protected]

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Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of this press release.

Forward-looking information:

This press release contains forward-looking statements. Use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe”, and similar aim to identify -looking statements. Although the Company believes that the expectations and assumptions on which forward-looking statements are based are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot guarantee that they will prove to be accurate. Because forward-looking statements address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company’s MD&A under the Company’s profile at www.sedar.com. Although the Company may choose to do so, it does not undertake at any time to update this information.

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