Calian Announces Filing of Amended and Restated Base Shelf Prospectus

Ottawa, Ontario – March 2, 2021 - Calian Group Ltd. (“Calian” or the “Company”) (TSX: CGY) today announces that it has filed and obtained a receipt for its amended and restated short form base shelf prospectus (the “Amended and Restated Prospectus”) amending and restating its short form base shelf prospectus dated January 31, 2020 (the “Original Prospectus”) with the securities commissions in each of the provinces of Canada. The Amended and Restated Prospectus, among other things, increases the amount available under the Original Prospectus by Cdn.$100 million. A copy of the Amended and Restated Prospectus can be found on the Company’s directory on SEDAR at www.sedar.com.

The filing of the Amended and Restated Prospectus allows Calian to distribute by way of prospectus in Canada up to Cdn.$200 million of common shares, preferred shares, warrants, units, subscription receipts and debt securities, or any combination thereof, during the 25-month period following the date of the Original Prospectus. Should the Company decide to offer securities during this period, the specific terms, including the use of proceeds from any offering, will be set forth in a related prospectus supplement to the Amended and Restated Prospectus, which will be filed with the applicable Canadian securities commissions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of any such jurisdiction.