1329306 B.C. Ltd. Announces Closing of Non - Brokered Private Placement, Transfer of Shares by Controlling Shareholder, Changes to Management and Board and Filing of Early Warning Reports

Toronto, Ontario – June 20, 2023 – 1329306 B.C. Ltd. (the “Company”) announces that (i) its controlling shareholder, 2673954 Ontario Inc. and certain affiliates (together, the "Vendors") have sold a total of 20,323,008 common shares in the capital of the Company ("Common Shares"), representing approximately 90% of the Company's issued and outstanding Common Shares to six separate purchasers (the "Share Sale"), none of whom are acting jointly and in concert (as such term is used under applicable Canadian securities laws) and (ii) it has completed a non-brokered private placement of common shares raising total gross proceeds of $586,863.09 (the "Private Placement").

In connection with the completion of the foregoing transactions the Company's management and board was reconstituted such that following completion of the transactions the Chief Executive Officer and Chief Financial Officer is Robin McWatt and the board is comprised of Robin McWatt, Antonio Newson and Joshua Rosenkrantz.

Management of the Company plans to attempt to identify an operating business that might be acquired by the Company, including by way of merger, arrangement or other similar transaction. There is no certainty that such a transaction will be identified.

Early Warning Disclosure

Sami Abou Darwich

In accordance with the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”), Sami Abou Darwich (“Darwich”) announces that he has filed an early warning report related to his acquisition of Common Shares pursuant to the Share Sale and the Private Placement.

Darwich acquired 8,814,640 Common Shares pursuant to the Share Sale at a price of $0.00521758 per share for a total price of $45,991.09, from the Vendors. In addition, Darwich acquired 29,471,074 Common Shares at a price of $0.00753311 per share for a total price of $222,008.91 by way of private placement from the Company.

Prior to the acquisitions of shares, Darwich did not own any securities of the Company. Following the acquisitions of shares, Darwich owns 38,285,714 Common Shares, representing approximately 37.8% of the outstanding Common Shares.

Darwich had acquired the Common Shares for investment purposes. In the future, Darwich will evaluate his investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease his shareholdings as circumstances require through market transactions, private agreements, or otherwise.

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A copy of the early warning report filed by Darwich may be obtained on the Company’s SEDAR profile.

Carole Habib

In accordance with the requirements of NI 62-103, Carole Habib (“Habib”) announces that she has filed an early warning report related to her acquisition of Common Shares pursuant to the Share Sale and the Private Placement.

Habib acquired 8,814,640 Common Shares pursuant to the Share Sale at a price of $0.00521758 per share for a total price of $45,991.09, from the Vendors. In addition, Habib acquired 29,471,074 Common Shares at a price of $0.00753311 per share for a total price of $222,008.91 by way of private placement from the Company.

Prior to the acquisitions of shares, Habib did not own any securities of the Company. Following the acquisitions of shares, Habib owns 38,285,714 Common Shares, representing approximately 37.8% of the outstanding Common Shares.

Habib had acquired the Common Shares for investment purposes. In the future, Habib will evaluate her investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease her shareholdings as circumstances require through market transactions, private agreements, or otherwise.

A copy of the early warning report filed by Habib may be obtained on the Company’s SEDAR profile.

Renaud Adams

In accordance with the requirements of NI 62-103, Renaud Adams (“Adams”) announces that he has filed an early warning report related to his acquisition of Common Shares pursuant to the Private Placement.

Adams acquired 10,714,285 Common Shares at a price of $0.007 per share for a total price of $75,000 by way of private placement from the Company.

Prior to the acquisitions of shares, Adams did not own any securities of the Company. Following the acquisitions of shares, Adams owns 10,714,285 Common Shares, representing approximately 10.6% of the outstanding Common Shares.

Adams had acquired the Common Shares for investment purposes. In the future, Adams will evaluate his investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease his shareholdings as circumstances require through market transactions, private agreements, or otherwise.

A copy of the early warning report filed by Adams may be obtained on the Company’s SEDAR profile.

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2673954 Ontario Inc.

In accordance with the requirements of NI 62-103, 2673954 Ontario Inc., a company beneficially owned and controlled by Chris Irwin and certain affiliates (collectively, “Irwin”) announces that they have filed an early warning report related to the disposition of Common Shares pursuant to the Share Sale.

Irwin disposed of 20,323,008 Common Shares for a total price of $106,036.91 by way of the Share Sale. Prior to the disposition of the Common Shares, Irwin beneficially owned and controlled 20,323,008 Common Shares, representing approximately 90% of the issued and outstanding Common Shares on an undiluted basis. Following the disposition of Common Shares, Irwin does not own any Common Shares.

A copy of the early warning report filed by Irwin may be obtained on the Company’s SEDAR profile.

For further information, please contact:

Robin McWatt Chief Executive Officer Tel: (514) 707-0481

Forward Looking Information

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.