MONTREAL, June 24, 2024 /CNW/ - Taiga Motors Corporation ("Taiga" or the "Company") (TSX: TAIG), announced today that its Chief Financial Officer, Eric Bussières, will be departing the Company to pursue another opportunity outside the powersports industry. His successor will be named at a later date. Mr. Bussières will remain with the Company as CFO until July 12^th working with the seasoned finance and accounting team to ensure a smooth transition.

"I would like to thank Eric for his hard work and contributions during his tenure, and wish him all the best in his new role" said Samuel Bruneau, Taiga's CEO. "We look forward to continue building upon the strong foundations of financial rigor instilled across the organization in the initial phase of scaling production."

"I want to thank Sam and everyone at Taiga," said Eric Bussières. "I leave holding Taiga in the highest regard. I am enormously proud of the innovation we brought to the powersports industry by providing better alternatives to customers for sustainable adventures."

About Taiga

Taiga (TSX: TAIG) is a Canadian company reinventing the powersports landscape with breakthrough electric off-road vehicles. Through a clean-sheet engineering approach, Taiga has pushed the frontiers of electric technology to achieve extreme power-to-weight ratios and thermal specifications required to outperform comparable high-performance combustion powersports vehicles. The first models released include a lineup of electric snowmobiles and personal watercraft to deliver on a rapidly growing demand from recreational and commercial customers who are seeking better ways to explore the great outdoors without compromise. For more information, visit www.taigamotors.com

Forward-Looking Statements

This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements generally, but not always, can be identified using forward-looking terminology such as "outlook", "objective", "may", "could", "would", "will", "expect", "intend", "estimate", "forecasts", "project", "seek", "anticipate", "believes", "should", "plans" or "continue", or similar expressions suggesting future outcomes or events and the negative of any of these terms. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond Taiga's control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include those described in Taiga's management's discussion and analysis for the  three-month period ended March 31, 2024, and under the "Risk Factors" section of Taiga's annual information form filed on April 2, 2024, available on Taiga's SEDAR+ profile at www.sedarplus.ca.

Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes, or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements.

All forward-looking statements included in this news release are qualified by these cautionary statements. Unless otherwise indicated, the forward-looking statements contained herein are made as of the date of this news release, and except as required by applicable law, Taiga does not undertake any obligation to publicly update or revise any forward-looking statement, whether because of added information, future events or otherwise.