Composite Alliance Group Announces Change of Chief Executive Officer of Techni Modul Engineering S.A.

Calgary, Alberta--(Newsfile Corp. - September 27, 2023) - Composite Alliance Group Inc. (TSXV: CAG) (the "Company" or "CAG") announces that, further to its news release of August 29, 2023, Diana Assal no longer holds the position of Chief Executive Officer and an employee of Techni Modul Engineering S.A. ("TME"), a wholly owned subsidiary of the Company.

Mr. Serge Luquain, Chairman of TME and former CEO, will be resuming his role as CEO of TME until a suitable candidate can be found.

For further information, please contact Dale Burstall, Corporate Secretary and Director, via email at dburstall@dsavocats.ca.

Forward-Looking Statements

This news release may contain certain forward-looking information and statements, including finding a suitable candidate as CEO of TME. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond the Company's control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Any forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/182132