SYNIAD APPOINTS PHIL SWIFT AS AN INVESTOR IN RESIDENCE

• Phil Swift joins Syniad’s Advisory Board as an Investor in Residence.
• Brings a wealth of private equity investing experience to Syniad

VANCOUVER, BC., October 15, 2022 – Syniad Innovations Inc (“Syniad”) is pleased to announce that Phil Swift has joined Syniad’s Advisory Board as Investor in Residence.  Additionally, Mr. Swift will serve as a non-management member of Syniad’s investment committee.

Mr. Swift is a founder and director of ARC Financial Corp., a leading Canadian energy investor with over $5B under management.  He was the President and Chief Executive Officer of ARC from 1997 to 2003, originated ARC’s private equity investing activities in 1990, and played a key leadership role in ARC’s equity business. Mr. Swift has served on the boards of approximately 20 corporations. He was President of Alberta and International Director of the North American Society for Corporate Planning. He is a recipient of the Warren Bennis Award for Leadership Excellence and the Pinnacle Award for achievement in entrepreneurship.

He holds a Master of Business Administration and a Bachelor of Science in Math from British Columbia. He is a member of the Advisory Board of the Sauder School of Business at the University of British Columbia and acts as a director for several philanthropic organizations.

John Davies, Syniad’s Chief Executive Officer, commented, “Phil is a top-tier business leader with deep experience of the disciplines required to create returns in private equity investing.  He’s a life-long supporter of Canadian academia and a champion of high-impact technologies. We are privileged to have him join us.”

Martin Cronin, Syniad’s Executive Chairman, added, “It’s a pleasure to be able to welcome Phil to Syniad. He has made a huge commitment to get to know the Company and the Syniad team over 2021, and it’s wonderful to be able to draw on his capital markets experience going forward. It’s a great coup for Syniad”.