Maritime Launch Services Appoints Sarah McLean as Chief Operating Officer

HALIFAX, NS, Nov. 12, 2026 /PRNewswire/ -- Maritime Launch Services Inc. (TSX: MAXQ) (OTCQB: MAXQF) ("Maritime Launch" or the "Company"), developer and operator of Spaceport Nova Scotia, is pleased to announce the appointment of Sarah McLean as Chief Operating Officer (COO).

A founding member of Maritime Launch's leadership team, McLean has played an integral role in building the Company and advancing the development of Spaceport Nova Scotia. With 20 years of experience spanning corporate strategy, public affairs, governance and organizational leadership, she brings a strong track record of supporting business growth and navigating complex operating environments.

"Sarah has been instrumental in building Maritime Launch from its earliest days," said Stephen Matier, President and Chief Executive Officer of Maritime Launch Services. "Her leadership has helped shape our organization and establish the relationships and credibility that underpin our progress. She has an exceptional ability to navigate complex challenges, bring people together and translate strategy into action. Her experience, judgment and deep understanding of our business will be invaluable as we enter our next phase of growth."

Since joining Maritime Launch at its inception, McLean has helped advance the Company's corporate strategy, organizational development and industry presence. As the executive responsible for Corporate Affairs, she has led government and investor relations, Mi'kmaw and community engagement, strategic communications and corporate reputation management. She has also supported key milestones, including capital-raising activities, regulatory engagement and the Government of Canada's launch services agreement with Maritime Launch.

"Being part of Maritime Launch from its earliest days has given me the opportunity to help build something truly unique and strategically important for Canada," said McLean. "Our team is developing critical national infrastructure that will strengthen Canada's sovereign launch capability and support our long-term economic and national security interests. I'm proud of what we've accomplished together, and my focus now is on ensuring we have the people, systems and organizational capacity to deliver on our ambitions."

As Chief Operating Officer, McLean assumes expanded responsibility for corporate and organizational operations, including organizational effectiveness, people and culture, corporate governance and business integration. She will continue to lead Corporate Affairs while strengthening the internal capabilities required to support the Company's growth and progression toward orbital launch operations at Spaceport Nova Scotia.

Prior to Maritime Launch, McLean held senior leadership and advisory roles with Canada's largest public relations agency, a national grocery retailer and senior federal Cabinet Ministers' offices. She currently serves on the Board of Governors of Saint Mary's University and the Board of Directors of Genome Atlantic. An alumna of the Governor General's Canadian Leadership Conference and Regional Co-Chair of its 2026 conference, she holds a Bachelor of Commerce from Saint Mary's University, IAP2 and ICS certifications, and is completing her Executive MBA.

About Maritime Launch Services

Maritime Launch Services Inc. (TSX:MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a dual-use commercial spaceport designed to support both civil and defence-related space missions. The spaceport will provide satellite launch services to domestic and international clients across the global commercial space market, supporting a wide range of orbital inclinations from a single location.

Spaceport Nova Scotia is Canada's first commercial orbital launch complex, enabling light and medium launch vehicles to place satellites into low Earth orbit.

For more information:
www.maritimelaunch.com

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words "advance", "outlook", "objective", "develop", "opportunity", "potential", "growth", "milestone" "become", "expects", "anticipates", "continue", "intends", "estimates", "evolution", "projects", "strategy", "subject to", "believes", "plans", "seeks", "commit", "goal", "focus", "target", "vision" and similar expressions or variations of such words and phrases suggesting future outcomes or events, or which state that certain actions, events or results ''may'', "could", ''would'', "should" or ''will'' occur or be achieved are intended to identify forward-looking statements. Forward looking statements include those relating to development and use of the spaceport.

Forward-looking statements are based on a number of factors and assumptions which are subject to numerous risks and uncertainties, which have been used to develop such statements, but which may prove to be incorrect. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Assumptions have been made regarding, among other things: the general stability of the economic and political environment in which the Company operates, general stability of the Canadian space exploration and defence industries, treatment under national security and regulatory regimes, securities laws and stock exchange policies, continuity of current Company management, the availability of suitable investment opportunities from capital markets, continuity of project development at Spaceport Nova Scotia, the ability of the Company and their respective service providers to obtain and retain qualified staff, equipment, materials and services in a timely and cost efficient manner, currency, foreign exchange and interest rates, global economic, financial markets and economic conditions, including the imposition of tariffs, in Canada and the United States.

The Company is subject to significant risks and uncertainties which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Such risk factors include, but are not limited to risk related to: material adverse changes in the affairs of the Company;; disruption to supply chains; geographic concentration; current economic conditions including the imposition of tariffs; strategic initiatives; debt financing; interest rate fluctuations; foreign currency; competition in the space exploration and defence industries; reliance on key personnel; general uninsured losses; dependence on information technology; cyber security; integration of artificial intelligence; imposition of litigation; environmental matters and climate change; volatility of public markets and commodity prices; fluctuations in the trading price of the Company's securities; changes in legislation; dilution of securityholders; failure to obtain additional financing; potential conflicts of interest; and other risks described under the heading "Risk Factors" in the Company's current Annual Information Form and Management Discussion and Analysis, posted under its profile on SEDAR+ at www.sedarplus.ca. The Company cannot assure investors that actual results will be consistent with any forward-looking statements and the Company assumes no obligation to update or revise such forward-looking statements to reflect actual events or new circumstances other than as required by applicable securities laws. All forward-looking statements contained in this press release are qualified by this cautionary statement.

SOURCE Maritime Launch Services Inc.