Mission Ready Newsletter | March 2021 Shareholder Update

Dear Fellow Shareholders,

In a previous communication, I touched on “the art of knowing the Order of Operations.” I want to expand on this topic to provide a little insight into the genesis and timing of successful contract awards.

I’ve often heard from shareholders that they are eager to learn when Mission Ready will be announcing new or additional contracts – Though I wish the answer to this question could always be black and white, the reality is that we operate in a complex industry with many dynamics in play. The initial stage of a contract can take several forms – It may be a) as preliminary as a Request for Information (“RFI”) whereby the requestor is simply collecting data in advance of potentially submitting a Request for Proposal (“RFP”), b) as advanced as a concrete Request for Quotation (“RFQ”) with a defined award date, or c) somewhere in between. Depending on various factors, a contract may take several months to develop in the case of an RFI, for example, or advance from solicitation to award very quickly in the case of a sole source solicitation.

Assuming we are to the point where we have submitted our proposal on the solicitation, we then have to wait for a decision to be made.  Though these decisions can be made quickly, it is not uncommon that they are delayed or extended for various reasons, often for reasons entirely outside of our control.  To name a few, a contract award may be delayed due to i) a request for additional information, certifications, etc. from a contracting officer, ii) a high volume of solicitation responses to be reviewed, and/or iii) political reasons. To elaborate on the last example, an election year can bring a great deal of changes to processes as we’ve seen these past few months. A change of President often brings a change in priorities, a change in the policies, and a change in the way Congress reacts. As a further complication, when the balance changes in either the House or the Senate, it can have a ripple effect throughout all of the committees. During these time, ranking members, chairs of committees, etc. are all in flux, which can result in a temporary disruption of federal programs and initiatives. Even without these influences, the response period after a solicitation can span many months. The backlog of pending (to be submitted) and completed (submitted and awaiting response) solicitations in the queue at any given time various considerably depending on factors including the time of year (proximity to government fiscal year-end), size and response criteria of the solicitations, and supply chain capacity. We are ever mindful that our shareholders are eager to learn of the status of bids and new awards, and we remain committed to providing timely updates on all material events and significant corporate developments.

One additional point of clarification is to define the difference between a contract award and an order. Some contracts are specific and contain defined quantities and delivery date. Others, however, are classified as Indefinite Delivery, Indefinite Quantity (“IDIQ”) awards where there will be provisions under one contract for multiple orders governed by a much broader set of parameters in relation to delivery timelines and value (E.g., minimum, estimated, and maximum quantities and/or value).  Examples of IDIQ awards received by Mission Ready include the contracts announced in our news release dated September 18, 2020, titled ‘Mission Ready Awarded New Contract for an Estimated $127 Million with a Ceiling of $435 Million’ (the “Contracts”).

Further to the Contracts, we continue to facilitate the delivery of personal protective equipment for the Strategic National Stockpile as we work through the current queue of purchase orders received from the United States Department of Health and Human Services (“HHS”). Facilitated through our wholly-owned subsidiary, Unifire, Inc. (“Unifire”), our team has performed tremendously well in fulfilling the purchase orders received to date across the Contracts, and we are diligently working to leverage this performance for additional orders during the term of the Contracts. In fact, in approximately 6 months, we have delivered 13,328,670 isolation gowns out of an aggregate order of 18 million ordered, as reported in a news release dated March 10, 2021, titled: Mission Ready Provides Update on Product Deliveries, Strategy to Maximize Contract Value.

Switching gears, I often get requests for the Company to increase its communications via social media and other channels. As announced in a news release dated February 2, 2021, we have engaged the services of Victory Media and various consultants to spearhead the rollout of a targeted communications and marketing plan. I am excited to announce that during the 2nd quarter of this year, we expect to launch our newly branded corporate website alongside a new e-commerce site and social media platforms which is expected to greatly enhance the flow of news and other communications. The aim is to provide transparent and comprehensive access to relevant and interesting news on the Company’s operations, and to ensure that readers are kept well-informed on the current and future direction of the Company.

Following the release of our Q4 2020 audited results which are due to be filed on or before April 30, 2021, I also expect to take part in some exciting media relations opportunities such as a podcast, video interviews and social media initiatives. Through these supplemental communications channels, we will not only provide further insights into the Company’s financial outlook, but also look ahead to 2022 and beyond. It is, indeed, a busy time for us!

I’ve said it many times, and I will continue to say it – I am exceedingly proud of our team and their drive to build something awesome. I am grateful to each and every shareholder who has believed in us and continues to go on this journey with us.  I am optimistic about our future and look forward to what every day holds for each of us. We have made tremendous strides to become One Company, led by One Team, moving in One Direction.

As COVID-19 continues across the globe, I hope that each and every one of you and your families stay safe, healthy and connected to your loved ones and communities in whatever way you can during these difficult times.

Sincerely,
Buck Marshall
President & CEO

For further information on Mission Ready Solutions Inc., visit MRSCorp.com or contact:

Investor Relations
T: 1.877.479.7778 – Ext 5
E: IR@MRSCorp.com

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Forward-Looking Information
This newsletter contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Announces Stock Option Grant

VANCOUVER, BRITISH COLUMBIA, CANADA – MARCH 19, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) (OTCQB: MSNVF) announces that it has granted incentive stock options (the “Options”), pursuant to its stock option plan (the “Plan”), for a total of 4,400,000 common shares of the Company, to certain directors, officers, employees and consultants of the Company. The Options, subject to the terms of the Plan and the corresponding option agreements, are exercisable at a price of CAD $0.70 per share for a period of up to 5 years.

About Mission Ready Solutions Inc.
Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Multiple Award Schedule contracts administered by the United States General Services Administration (“GSA”).

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”) is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million fire, military, emergency, and law enforcement products. With extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies.

For further information, visit MRSCorp.com or contact:

Investor Relations
T: 1.877.479.7778 – Ext 5
E: IR@MRSCorp.com

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
Ph: +1 877.479.7778

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

Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Provides Update on Product Deliveries, Strategy to Maximize Contract Value

VANCOUVER, BRITISH COLUMBIA, CANADA – MARCH 10, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) (OTCQB: MSNVF) is pleased to provide an update further to the Company’s October 8, 2020 news release announcing that it had received an aggregate of $112 million in purchase orders (each purchase order, a “Purchase Order”) to supply isolation gowns in connection with the Company’s September 18, 2020 news release announcing that it had been awarded new contracts valued at an estimated $127 million, with a ceiling of $435 million (the “Contracts”).

As part of the US Governments COVID-19 pandemic response, the Contracts were awarded to the Company’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”) through the United States Defense Logistics Agency Troop Support (“DLA”) Clothing & Textiles (“C&T”) supply chain to facilitate the delivery of personal protective equipment to the United States Department of Health and Human Services for the Strategic National Stockpile.

First announced in a news release dated February 2, 2021, the Company has engaged Tremont Strategies Group (“Tremont”) to help maximize the value of the Purchase Orders received across the Contracts during the term which spans from September 2020 through September 2021 (the “Term”). Tremont is a strategic, bipartisan government relations firm based in Boston, MA and Washington, DC. Tremont specializes in executing complex, multi-faceted campaigns by utilizing a comprehensive approach to engage stakeholders, policymakers and the general public in order to educate and advocate for its client’s position. With decades of experience in the public and private sectors, Tremont offers in-depth analysis’ on policy matters and proposals before state and federal government, and provides the expertise and entrepreneurial creativity needed to build successful comprehensive public affairs strategies.

Buck Marshall, President and CEO of Mission Ready, said “I am exceptionally proud of the tireless efforts of our team and trusted industry partners who have presided over the successful, on-time delivery of 13,328,670 of the 18,000,000 isolation gowns ordered across the Contracts to date. Though we are unable to definitely predict the aggregate value of Purchase Orders to be issued across the Contracts during the Term, with another 6 months and up to ~$323 million in runway remaining, we continue to proactively demonstrate Mission Ready’s preparedness and ability to accommodate additional Purchase Orders across the Contracts in the coming months in an effort to maximize the value of the Contracts to the Company beyond the Purchase Orders currently queued for delivery.”

Throughout the COVID-19 pandemic, Mission Ready has worked with its extensive network of Berry Compliant (Made in America) product suppliers and their staff to quickly and efficiently deliver critical, life-preserving personal protective equipment to the US Government in support of their efforts to replenish the Strategic National Stockpile.

Further information on the Awards can be found in related Company news releases which can be viewed on at www.MRSCorp.com or directly at the following links:

October 8, 2020 | $16 Million in New Purchase Orders
September 25, 2020 | $58.5 Million in New Purchase Orders
September 24, 2020 | $37.5 Million in New Purchase Orders
September 18, 2020 | Contracts for an Estimated $127 Million with a Ceiling of $435 Million

Monetary values referenced herein have been converted from US currency (USD) to Canadian currency (CAD) using an exchange rate of 1.32 and rounded down to the nearest 0.5 million.

About Mission Ready Solutions Inc.
Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Multiple Award Schedule contracts administered by the United States General Services Administration (“GSA”).

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”) is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million fire, military, emergency, and law enforcement products. With extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies.

For further information, visit www.MRSCorp.com or contact:

Investor Relations
T: 1.877.479.7778 – Ext 5
E: IR@MRSCorp.com

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

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

Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Mission Ready Commences Trading on the OTCQB® Venture Market

VANCOUVER, BRITISH COLUMBIA, CANADA – MARCH 1, 2021 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSX Venture: MRS) (OTCQB: MSNVF) is pleased to announce that, effective today, March 1, 2021, the Company’s common shares (“Shares”) have been approved to commence trading on the OTCQB® Venture Market (“OTCQB”) under the symbol “MSNVF”. The Company’s Shares will continue to trade on the TSX Venture Exchange under the symbol “MRS”.

“Obtaining a listing for our common shares in the United States – the epicenter of our operations – is an important and timely milestone for the Company,” said Buck Marshall, President and CEO of Mission Ready. “In keeping with our commitment to build real and sustainable shareholder value, we are confident that trading on the OTCQB will further enhance liquidity for our current shareholders and extend investor awareness of the Company throughout the U.S. and beyond.”

The Company also reports that it is in the process of completing its application for DTC eligibility through the Depository Trust Company “(DTC”) for electronic settlement and transfer of its common shares in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies.

The OTCQB is a leading market for early stage and developing U.S. and international companies operated by the OTC Markets Group Inc. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. Recognized by the U.S. Securities and Exchange Commission as an established public market, the OTCQB market will provide investors who cannot access trading on the TSX Venture Exchange with an alternative access to Mission Ready’s Shares though regulated U.S. broker-dealers.

Investors can find Real-Time quotes and market information on Mission Ready at:
https://www.otcmarkets.com/stock/MSNVF/quote.

The Company appointed Burns, Figa and Will, Attorneys, to provide guidance with respect to its eligibility to meet the requirements of the OTCQB and to advise the Company on its responsibilities for complying with its U.S. disclosure obligations under the Securities Act of 1934 and Rule 12g3-2 promulgated thereunder in connection with the OTCQB listing and the OTCQB standards for international companies.

About OTC Markets Group Inc.
OTC Markets Group Inc. (“OTC Markets”) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, OTC Markets connects a diverse network of broker-dealers that provide liquidity and execution services, enabling investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

The OTCQB Venture Market is the premiere marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors.

To learn more about how OTC Markets creates better informed and more efficient markets, visit www.otcmarkets.com. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

About Mission Ready Solutions Inc.
Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Multiple Award Schedule contracts administered by the United States General Services Administration (“GSA”).

Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“Unifire”) is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million fire, military, emergency, and law enforcement products. With extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies.

Mission Ready trades on the TSX Venture Exchange under the symbol MRS.

For further information, visit MRSCorp.com or contact:

Investor Relations
T: 1.877.479.7778 – Ext 5
E: IR@MRSCorp.com

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
Ph: +1 877.479.7778

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

Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.