SpotLite360 Announces Debt Settlement Transaction

January 27, 2023

DENVER and VANCOUVER, British Columbia, Jan. 27, 2023 (GLOBE NEWSWIRE) — SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) announces that it has issued $70,000 worth of common shares (“Shares”) in the capital of the Company in full satisfaction of a debt related to a marketing agreement (the “Debt Settlement”). Pursuant to the Debt Settlement, the Company issued 736,842 Shares at a deemed price of $0.095 per Share to the creditor.

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