NOVA NET LEASE REIT ANNOUNCES RESULTS OF VOTING AT ANNUAL MEETING OF UNITHOLDERS

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TORONTO, Sept. 24, 2024 /CNW/ - Nova Net Lease REIT (the "REIT") (CSE: NNL.U) (OTCQB: NNLRF), a real estate investment trust with investments in cannabis-related properties in the U.S., today announced the results of voting at its annual meeting of unitholders held on September 24, 2024 (the "Meeting").

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees of the REIT. The REIT received votes as set out below:

Nominee	Votes For	% of Votes For	Votes Withheld	% of Votes Withheld
Katie Barthmaier	3,268,217	100.00 %	0	0.00 %
Patrick Burke	3,084,217	94.37 %	184,000	5.63 %
Steve Dawson	3,268,217	100.00 %	0	0.00 %
Edward Lowenthal	3,084,217	94.37 %	184,000	5.63 %
Andrew Oppenheim	3,084,217	94.37 %	184,000	5.63 %
Andrew Shapack	3,268,217	100.00 %	0	0.00 %
Richard Turner	3,084,217	94.37 %	184,000	5.63 %

In addition, the REIT reports that the appointment of MNP LLP as the REIT's auditors for the 2024 fiscal year was passed by 100% of the votes represented at the Meeting.

The REIT's full report of voting results on matters presented at the Meeting can be found at www.sedar.com.

SOURCE Nova Net Lease REIT

For further information, please contact: Stacy Riffe, Chief Financial Officer, Nova Net Lease REIT, Tel: [phone]