Caldwell Expands Global Presence to Australia

-Firm adds new team,Hattonneale,in Sydney,Australia-

TORONTO and SYDNEY,Feb. 7,2019 --Retained executive search firm Caldwell (TSX: CWL) today announced a major expansion of its global capabilities by establishing a strategic affiliation with Hattonneale,a leading Sydney-based board and C-suite executive search firm.

Under the affiliation agreement,Hattonneale will represent Caldwell in Australia and drive further growth into key practice sectors and geographies across Australia/New Zealand and the Asia Pacific region. As such,it will have full access to and be fully integrated with Caldwell's recognized global reach and resources across the Americas and Europe.

"We're thrilled to have the Hattonneale team joining forces with Caldwell," said John Wallace,chief executive officer. "Anne Hatton and Jane Neale and their team have built an impressive track record for delivering high quality outcomes across a wide range of disciplines and industry sectors. As important,their focus on finding outstanding leaders who shape the future is in perfect alignment with our belief that connecting clients with transformational talent can turn corporate potential into proven success."

"We are excited to be joining a team whose unwavering commitment to their clients and candidates matches our own. We genuinely care about the quality of outcomes we produce for clients and candidates,and we have been impressed by the degree to which we see that in the Caldwell team as well," said Jane Neale,managing partner and co-founder. Joint managing partner and co-founder Anne Hatton commented further,"We look forward to the increased global footprint and wide range of talent solutions the Caldwell platform provides us,and which will allow us to serve our clients more broadly."

Wallace concluded: "This expansion into the Australian market is another major step forward for Caldwell as it builds its Asia Pacific footprint. Our growth strategy as a leading international boutique is positioned to attract the very best talent to provide personalized and high quality solutions to our clients anywhere in the world."

About Caldwell

At Caldwell we believe Talent Transforms. As a leading provider of executive talent,we enable our clients to thrive and succeed by helping them identify,assess,recruit and retain their best people. Our reputation–nearly 50 years in the making–has been built on transformative searches across functions and geographies at the very highest levels of management and operations. We leverage our skills and networks to also provide agile talent in the form of flexible and on-demand advisory solutions for companies looking for support in strategy and operations,as well as talent optimization as a certified partner of Predictive Index. With offices and partners across North America,Europe,Latin America and Asia Pacific,we take pride in delivering an unmatched level of service and expertise to our clients.

Caldwell's Common shares are listed on The Toronto Stock Exchange (TSX: CWL). Please visit our website at www.caldwellpartners.comfor further information.

Investors: Chris Beck,CPA,Chief Operating and Financial Officer,cbeck@caldwellpartners.com,+1 (617) 934-1843; Media: Caroline Lomot,Director of Marketing,clomot@caldwellpartners.com,+1 (516) 830-3535