WINKF - Chairman's Update

(TheNewswire)

DOES NOT CONSTITUTE AN OFFEROF THE SECURITIES DESCRIBED HEREIN

Highlights:

• - Progress to an asset based model is well underway

  - $20B in commodities will be required to meet the needs of theelectrification trend

  - Windfall is well positioned through our Digital Explorationtechnologies, strong asset base, and data products to work withexploration companies to take advantage of this growth cycle.

Brossard, Quebec - The Newswire - April 14th , 2021 - WindfallGeotek Inc. ( the “Company”, or “Windfall” ) ( TSXV:WIN ) ( OTC:WINKF ) ( FSE:L7C2)

Dear Shareholders,

I am pleased to initiate my quarterly letter toshareholders as Chairman of the board of directors and interim CEO ofWindfall Geotek Inc. (“ Windfall ”). It has been roughly 60 dayssince we began in earnest our transition towards a new asset drivenmodel built on technology and partnership. The purpose of this go tomarket model is that it commits to putting Windfall shareholderreturns first. We are entering an exciting new chapter where ourrevenues and valuation are expected to be tied to future free cashflows and asset returns as opposed to professional services. In thisperiod, we have been tirelessly executing on the incredibleopportunity in front of us as one of the few publicly traded companieswith over a decade of validated AI based discoveries in theexploration market.

Electrification Opportunityahead

The shift into renewable energy has increased thedemand for battery metals to $20.5 billion by 2027 1 from $11.3 billionin 2019. As the demand increases, one of the key factors to enable theEV future will be the creation of new environmentally sustainablemines. Currently, the mineral discovery process is high risk, with alow probability of success. Windfall possesses a key, proven tool inthis process that lowers the risk and increases the chances ofsuccess: Big data and AI. With one of the biggest changing tideswe’ve seen in transportation, Windfall is well positioned to be akey player in the market by identifying targets that lead to thefuture supply of base metals.

Key Priorities

My priorities since assuming the interim CEO positionhave been tied to three value building initiatives:

1. 1. Strengthen our technologythrough cloud and world class engineering partnerships andexperts.

2. 2. Identify and prepare astrategy to monetize the extensive mineral assets of thefirm.

3. 3. Leverage our proven targetgeneration technology to identify undiscovered opportunities in publicdata sets around the globe.

World Class engineering and AIcapabilities

We recently added Mr. Simran Kamboj to the team asPresident, Chief Technology Officer and director of Windfall. Simranis a proven leader and he will lead our efforts to add the best mindsin cloud, artificial intelligence, andgeotechnical disciplines as we continue to evolve at Windfall. Ourfocus on technology means that we will execute through a few“rockstars” and amplify them using best in class technologyframeworks. We have already added multiple technical members to theteam and expect the key roles to be filled in the next 60 days.

Lastly our partnership with Draganfly Inc. (OTCQB:DFLYF) (CSE: DFLY) (FSE: 3U8) will allow us to augment public datathrough new sensors and techniques that will advance remote sensingmeaningfully while maintaining a low/zero carbon footprint. This willallow us to demand a higher percentage of the financial returns ofevery project.

EagleEye ™ for UXO

We continue to advance our testing on EagleEye™ forUXO (unexploded ordinance and landmines). Our preliminary results areencouraging.  We are now working with advisors to refine theprototype. We have secured a presentation on April 15, 2021 to atechnical review team of The North Atlantic Treaty Organization(NATO). The results of that presentation will inform the next steps ofour commercialization plan.

Strategic Review of Assets

Mr. Mark Billings has been working with our operationsteam on a detailed review of our digital and contractual assets. Over15 years, and at the current count, over 90 engagements, the firm hasaccumulated a large set of contracts that include royalties and otherforms of non-cash compensation that were to be paid at a future date.The work product of these contracts are multiple drilling targets. Insome cases we have provided over 30 targets per project. I will beworking with the team to evaluate all of these contracts and enforcevigorously our rights related to our clients’ contractualcommitments. Each target presents an interesting value crystallizationopportunity particularly if we are able to position each of thesedrilling targets into their own public entity.

The Chapais project is the first of multipleopportunities for shareholders to derive value from the portfolio ofWindfall. Since our announcement on April 8th, 2021, we have receivedmultiple expressions of interest for the project and the board hasbegun evaluation of those opportunities using a structured process.This process includes our operational team, financing team andtechnical team, which is led by independent director Nathan Tribble,P.Geo.

Mining the world’s Data

The mining industry is roughly $1 trillion dollarsglobally 2 . This entireindustry is highly dependent on surveying data from a variety of typesof sensors. The nature of this data is that it is in differentformats, at various resolutions, and clustered around current camps. Over the past 15 years we have worked on this chaotic mass of datain different formats (digital and paper) on all 5 continents. We areannouncing an initiative to begin working on public data sources inconjunction with our exploration partners that will make Windfall thego to source for normalized, leveled remote sensing data for theindustry. Ultimately putting us at the center of investment decisionsrelated to commodities in base and precious metals globally.

This is a big vision, but we have already begun andwill start close to home with public data from Red Lake, Timmins andother Canadian sources.  Our project generator model is just gettingstarted.

In Conclusion,

When I look at our opportunity with Windfall there aremultiple paths for value creation in front of us. In the short termWindfall will look to monetize 15 years of contracts and explorationassets. In the mid term there will be opportunities for revenuegenerating project royalties, and the appreciation of capitalpositions in our partner projects. Finally, Windfall has theopportunity to be pivotal in the mining industry as the source of datainsights to all players in the marketplace, and growing the intrinsicvalue of our market proven AI technology.

I would like to thank the many Windfall shareholdersthat have been on this journey with our employees and customers. Likeall things in mining, it takes a long time to prove a project, butonce proven it will return value for decades.

Sincerely

Dinesh Kandanchatha

Chairman and Interim CEO

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:This communication contains forward-looking statements, which relateto future events or future performance and reflect management’scurrent expectations and assumptions relating to the development ofthe Company’s business. Such forward-looking statements reflectmanagement’s current beliefs and are based on assumptions made byand using information currently available to the Company. Such factorsinclude, but are not limited to, achievements of new managementvarying significantly from expectations; capital and operating costsvarying significantly from estimates; delays in obtaining or failuresto obtain required governmental, environmental or other projectapprovals; uncertainties relating to the availability and costs offinancing needed in the future; changes in equity markets; inflation;fluctuations in commodity prices; delays in the development ofprojects; and those risks set out in the Company’s public documentsfiled on SEDAR (www.sedar.com) under Windfall Geotek’s issuerprofile. Investors are cautioned that these forward-looking statementsare neither promises nor guarantees, and they are subject to risks anduncertainties that may cause future results to differ materially fromthose expected. These forward-looking statements are made as of thedate hereof and, except as required under applicable securitieslegislation, the Company does not assume any obligation to update orrevise them to reflect new events or circumstances. Allforward-looking statements made in this press release are qualified bythese cautionary statements and by those made in our filings withSEDAR in Canada (available at WWW.SEDAR.COM ).

About Windfall Geotek – Powered byArtificial Intelligence (AI) since 2005

Windfall is an Artificial Intelligence company that hasbeen in business for over 15 years developing its proprietary analysis(AI) and data mining techniques. Windfall Geotekcan count on a multidisciplinary team that includes professionals ingeophysics, geology, Artificial Intelligence, and mathematics. It combines available public and privatedatasets including geophysical, drill hole and surface data. Thealgorithms designed and employed by Windfall are calculated tohighlight areas of interest that have the potential to be geologicallysimilar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream bysignificantly enhancing and participating in the exploration successrate of mining and to continue the UXO detection application as a highpriority. Windfall has played a part in numerouspast discoveries utilizing its methodology as described at: https://windfallgeotek.com/ .

For further information, please contact:

Email: info @windfallgeotek.com

Website: www.windfallgeotek.com

1 The global battery metals market was valued at $11. 3billion in 2019, and is projected to reach $20. 5 billion by 2027,growing at a CAGR of 8. 2% from 2020 to 2027, "Battery Metals Market by MetalsType and Application: Global Opportunity Analysis and IndustryForecast, 2020-2027"

2 Industry Monitor , SNL Metals & Mining notes that the aggregate market capitalization of 2,684listed companies tracked in the SNL database was $1,030 billion at theend of August.

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