Blackline Safety Announces CFO Departure

Resignation effective June 30, 2024; search for new CFO underway

Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced the resignation of CFO, Shane Grennan, effective June 30, 2024. After more than eight years as Chief Financial Officer, Mr. Grennan is leaving Blackline to pursue new career opportunities.

Cody Slater, CEO and Chair, Blackline Safety Corp., said, “On behalf of the team, I would like to thank Shane for his contributions to Blackline Safety. Since joining in 2016, Shane has been a loyal, committed member of our Executive leadership team. He led the Accounting & Finance function through years of the Company’s rapid growth on its path toward EBITDA positivity. We wish him well in his future endeavours.”

The Blackline Safety Board of Directors has appointed an executive search firm to seek a new Chief Financial Officer. To ensure a smooth transition for the business, Mr. Grennan will be available through June 30, 2024.

About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 225 billion data-points and initiated over seven million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, X (formerly Twitter), LinkedIn and Instagram.

Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively “forward-looking information”) within the meaning of applicable securities laws relating to, among other things, the effective date of Mr. Grennan's resignation, the intention to appoint a new CFO and Blackline’s expectation that Mr. Grennan will continue to be available through June 30, 2024.

Blackline provided such forward-looking statements in reliance on certain expectations and assumptions that it believes are reasonable at the time. The material assumptions on which the forward-looking information in this news release are based, and the material risks and uncertainties underlying such forward-looking information, include: expectations and assumptions concerning Mr. Grennan's cessation date and the timing and ability of Blackline to identify a successor to Mr. Grennan's position on or before June 30, 2024.

Although Blackline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Blackline can give no assurance that they will prove to be correct. Forward-looking information addresses future events and conditions, which by their very nature involve inherent risks and uncertainties, including the risks set forth above and as discussed in Blackline’s Management’s Discussion and Analysis and Annual Information Form for the year ended October 31, 2023 and available on SEDAR+ at www.sedarplus.ca. Blackline’s actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Blackline will derive therefrom. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide readers with a more complete perspective on Blackline’s future operations and such information may not be appropriate for other purposes. Readers are cautioned that the foregoing lists of factors are not exhaustive.

These forward-looking statements are made as of the date of this press release and Blackline disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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