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WINNIPEG, Manitoba — As Canada’s National Day for Truth and Reconciliation approaches, Exchange Income Corporation (TSX: EIF) (“EIC” or “the Corporation”), a diversified, acquisition-oriented firm centered on alternatives within the aerospace, aviation and manufacturing sectors, celebrates the profitable completion of the Atik Mason Indigenous Pilot Pathway (“Pathway”) second season, supplies affords of employment to the 2024 graduates and expands the Pathway to Rankin Inlet subsequent 12 months.

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This season, with the assist and steerage of Manitoba Keewatinowi Okimakank Inc. (“MKO”), the Pathway noticed six college students from the primary 12 months return to additional their coaching and 12 new Indigenous college students start their journey, a rise of over 60% from final 12 months. Students included First Nations members from communities in Manitoba and Northwestern Ontario, in addition to Red River Metis and Inuit individuals from as far north as Arviat, Nunavut. All of those college students made nice progress this season and intend to proceed their coaching. In reality, six have elected to expedite finishing their superior flight scores by persevering with their coaching this fall and upcoming winter at MFC’s main base in Moncton, New Brunswick. These six college students shall be provided a job to fly for one among EIC’s airways, together with Perimeter Aviation, Calm Air, or Keewatin Air following the completion of their flight coaching. “Last year the Pathway began the process of economic reconciliation with professional training, but offering employment opportunities is when it becomes real,” says EIC Chief Executive Officer, Mike Pyle. “EIC has long standing, strong relationships with the communities that we serve, and we’re excited to provide the chance to support long-term economic stability for Indigenous program members, their families, and their communities. We are creating role models which will have an everlasting effect on the communities.”

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Pathway member and industrial flight coaching scholar, Amber Michell, agrees. “I’m ecstatic! I’m grateful to know exactly what I’m working toward and for the smooth transition from training to a career as a pilot. EIC has supported me through the highs and lows from the very beginning, and this type of security feels great.” Amber provides, “I was born and raised in Thompson and I’m looking forward to being able to work from here and serve communities close to home.”

Next season, EIC plans to additional construct upon the Atik Mason Indigenous Pilot Pathway’s success by continued growth of the pilot licensing choices obtainable to college students in Thompson and by the institution of a second seasonal coaching base in Rankin Inlet, NU. The Rankin Inlet base will allow simpler entry for the Inuit neighborhood members to pursue careers as pilots.

About EIC’s Atik Mason Indigenous Pilot Pathway

Atik Mason Indigenous Pilot Pathway was launched in 2022 as a fully-funded alternative for Indigenous neighborhood members to be taught to fly and construct careers as skilled pilots as a response to the Truth and Reconciliation Commission of Canada’s Calls to Action. The Pathway removes vital obstacles to flight coaching confronted by Indigenous candidates, together with value and placement, and honoring the significance of retaining a deep connection to Indigenous tradition whereas coaching. Thompson’s regional airport is the hub of northern growth for Atlantic Canada-based EIC subsidiary and world class pilot coaching college, MFC Training (“MFC”), permitting this inspiring alternative to be provided regionally.

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About Exchange Income Corporation

Exchange Income Corporation is a diversified acquisition-oriented firm, centered in two sectors: aerospace & aviation providers and gear, and manufacturing. The Corporation makes use of a disciplined acquisition technique to determine already worthwhile, well-established firms which have robust administration groups, generate regular money stream, function in area of interest markets and have alternatives for natural development. For extra info on the Corporation, please go to www.ExchangeIncomeCorp.ca. Additional info regarding the Corporation, together with all public filings, is on the market on SEDAR ( www.sedar.com).

Caution regarding forward-looking statements

The statements contained on this information launch which can be forward-looking are primarily based on present expectations and are topic to numerous uncertainties and dangers, and precise outcomes could differ materially. These uncertainties and dangers embody, however are usually not restricted to, COVID-19 and pandemic associated dangers, the dependence of Exchange Income Corporation on the operations and property at the moment owned by it, the diploma to which its subsidiaries are leveraged, the truth that money distributions are usually not assured and can fluctuate with the Corporation’s monetary efficiency, dilution, restrictions on potential future development, the danger of shareholder legal responsibility, aggressive pressures (together with value competitors), modifications in market exercise, the cyclicality of the industries, seasonality of the companies, poor climate circumstances, and overseas forex fluctuations, authorized proceedings, commodity costs and uncooked materials publicity, dependence on key personnel, and environmental, well being and security and different regulatory necessities. Except as required by Canadian Securities Law, Exchange doesn’t undertake to replace any forward-looking statements; such statements communicate solely as of the date made. Further details about these and different dangers and uncertainties might be discovered within the disclosure paperwork filed by Exchange Income Corporation with the securities regulatory authorities, obtainable at www.sedar.com.

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Contacts

Mike Pyle
Chief Executive Officer
Exchange Income Corporation
(204) 982-1850
MPyle@eig.ca

Pam Plaster
Vice President, Investor Development
Exchange Income Corporation
(204) 953-1314
pplaster@eig.ca

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