MAIA Biotechnology Appoints Joseph F. McGuire as CFO and Provides Corporate Update

MAIA Biotechnology, Inc., a targeted therapy, immuno-oncology company focused on developing potential first-in-class oncology drugs ("MAIA"), announced today that it has appointed Joseph F. McGuire as Chief Financial Officer. MAIA has also provided a corporate update announcing the creation of a wholly-owned subsidiary in Australia to execute on its global development strategy.

"I am pleased to welcome Joe to our leadership team as Chief Financial Officer. His financial leadership, strong business acumen and significant company building expertise will add value to the company," stated Vlad Vitoc, MD, MAIA's Chairman and Chief Executive Officer. "We are also pleased to have established our Australian subsidiary, which is a critical component to executing on our global development strategy for THIO-101."

Mr. McGuire brings over 30 years of experience to MAIA, having served as Chief Financial Officer for several privately held and publicly traded companies in the health care, financial services, investment, and manufacturing industries. In these roles, Mr. McGuire's responsibilities included SEC financial reporting, investor relations, corporate governance, legal and audit liaison, and team-building.He began his career with Price Waterhouse, where he was a certified public accountant, and later held management positions with Dean Witter Reynolds and Paine Webber, Inc. Mr. McGuire received a Bachelor of Science in accounting from the University of Notre Dame. Mr. McGuire will serve on the executive management team and will lead the company's finance functions.

"It is extremely exciting to join MAIA," said Mr. McGuire. "The company's strong leadership team, recognized partners, supportive investors, and commitment to transforming the cancer treatment paradigm make this a very compelling opportunity. I look forward to helping MAIA execute on our strategic plan as we advance our cancer pipeline to patients and deliver meaningful growth to our stockholders."

In addition to the appointment of Mr. McGuire as Chief Financial Officer, MAIA also announced today that is has established a wholly owned subsidiary in Australia, MAIA Biotechnology Australia Pty Ltd. The company has created the subsidiary to conduct the pre-clinical and clinical research activities that will support the development of lead product candidates including the initiation of the THIO-101 Phase 2 study for patients with Non-Small Cell Lung Cancer.

About MAIA Biotechnology, Inc.

MAIA Biotechnology, Inc. is a targeted therapy, immuno-oncology company focused on the development and commercialization of potential first-in-class drugs with novel mechanisms of action that are intended to meaningfully improve and extend the lives of people with cancer. Drug candidates include (i) THIO, a potential first-in-class cancer telomere targeting agent in clinical development for the treatment of telomerase-positive cancer cells and (ii) two compound families in pre-clinical evaluation for the treatment of prostate cancer and breast cancer using a potentially novel mode of action targeting androgen receptor (AR) and direct FKBP52 co-chaperone inhibition.