Lite Access Announces Extension of Exclusivity Period with Ironman Directional Drilling Ltd.

Vancouver, British Columbia.  LITE ACCESS TECHNOLOGIES INC. (“Lite Access” or the “Company”) (TSX VENTURE: LTE) (OTC: LTCCF), a world leader in fibre optic products and advanced installation methodologies, announces that the Company and Ironman have agreed to further extend the exclusivity period until October 31, 2024, in relation to its proposed acquisition of Ironman and its wholly-owned subsidiary, Ironman Direction Drilling Ltd., an experienced provider of directional drilling (the “Transaction”), which was previously announced in the news release dated May 5, 2023. The completion of the Transaction is subject to a number of key conditions including entry into a definitive agreement between Lite Access and Ironman, completion of due diligence of the parties, shareholder approval, TSX Venture Exchange (the “Exchange”) final approval and other conditions customary for this type of Transaction. The Company will issue a subsequent news release upon entry into a definitive share purchase agreement with Ironman.

About Lite Access

Recognized as an industry leader possessing years of experience in the telecommunications space, Lite Access offers total integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, Lite Access proudly offers a full complement of aerial and underground construction methodologies including splicing, testing and maintenance.

Our innovative approach, flexible products and installation solutions are combined with decades of experience and unparalleled passion. ‘The Lite Access Way’ methodology of construction for both trunk and fibre-to-the-premises (FTTx) connectivity has become a recommended and preferred method of fibre installation, globally.

Lite Access’ installation technology and proprietary products extend a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to providing global clients and partners with the most cost-effective and proven fibre connectivity solutions available.

For further information please contact:
Lite Access Technologies Inc.
Mark Tommasi, interim CEO
Phone: 604-318-1448
110 – 6039 196 St.
Surrey, BC V3S 7X4www.liteaccess.com

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