Mr. Philip Wong reports

BLUE HORIZON PROVIDES UPDATES

Blue Horizon Global Capital Corp. has provided the following updates.

Mooncor Energy Inc. letter of intent

The company announces that it has entered into a letter of intent dated April 2, 2024, with an arm's-length party with respect to the sale of up to 30 per cent of the issued and outstanding securities in the capital of Mooncor and Primary Petroleum Company USA Inc. The purchaser is a private company engaged in the oil trade sector.

Pursuant to the terms of the LOI, the purchaser has the right to acquire up to 30 per cent of the issued and outstanding securities in the capital of the subsidiaries for an aggregate purchase price of $300,000. The purchase price is payable in instalments with the first payment of $12,000 being made on the execution of the LOI. The balance of the purchase price is payable within 60 days from the date of the LOI. In addition to the purchase price, the company will receive securities in the capital of the purchaser, the exact number of securities and the price per security to be determined by the parties.

Change of auditor

The company has changed its auditor from Wasserman Ramsay, chartered professional accountants, to Zeifmans LLP, effective March 14, 2024. The former auditor provided the company with a formal resignation as auditor of the company, effective as of June 8, 2023. The former auditor resigned on its own initiative. The board of directors of the company appointed the successor auditor as the company's auditor, effective March 14, 2024, until the next annual general meeting of the company.

There were no reservations in the former auditor's audit reports for any financial period during which the former auditor was the company's auditor. There are no reportable events (as the term is defined in National Instrument 51-102 (Continuous Disclosure Obligations)) between the company and the former auditor.

In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, has been reviewed by the board of directors of the company and filed on SEDAR+.

Private placement

The company will not be proceeding with its previously announced private placement of up to $1-million as set out in its press release dated Jan. 24, 2024.

About Blue Horizon Global Capital Corp.

Blue Horizon is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination, to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income. It intends to accomplish these goals through the identification of and investment in securities of private and publicly listed entities across a wide range of sectors and industry areas, including, but not limited to, the technology, software development and biotechnology industries.

We seek Safe Harbor.