Strad Inc. ('Strad' or the 'Corporation') (TSX: SDY) announces that the special meeting of Strad shareholders (the 'Meeting') in respect of the previously announced plan of arrangement involving Strad, 2238399 Alberta Ltd. and the shareholders of Strad under Section 193 of the Business Corporations Act (Alberta), scheduled for Monday, April 20, 2020 at 8:30 a.m. (Calgary time), has been changed from an in-person meeting to a virtual-only meeting to be held electronically at the same time and on the same date.

Strad has been actively monitoring developments relating to the novel coronavirus, COVID-19, and the directives of public health and government authorities for group gatherings and social distancing. In response to the City of Calgary and the Province of Alberta declaring a state of public health emergency and to support efforts to combat the spread of COVID-19 and to mitigate risks to the health and safety of Strad's shareholders, team members, communities and other stakeholders, Strad will convene the Meeting in virtual-only format by way of live audio webcast. Shareholders of record as of March 16, 2020 will be able to attend the Meeting electronically using a smartphone, tablet or computer but will not be able to attend the Meeting in person. The Court of Queen's Bench of Alberta approved the holding of the Meeting in virtual-only format pursuant to its interim order dated March 20, 2020.

About Strad

Strad specializes in industrial matting and equipment rentals for projects of any size, from a network of branches across Canada and the United States. Strad aims to exceed customer expectations in many industrial sectors, including Pipeline, Oil and Gas, Transmission and Distribution as well as Construction. Strad is headquartered in Calgary, Alberta, Canada. Strad is listed on the Toronto Stock Exchange under the trading symbol 'SDY'.

Contact:

Tel: (403) 775-9202

Email: apernal@stradinc.com

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