Mr. Rob Fia reports

CITY VIEW GREEN HOLDINGS EXTENDS PRIVATE PLACEMENT

Further to City View Green Holdings Inc.'s press releases dated Oct. 17, 2024, and Dec. 23, 2024, the remaining balance of units available for sale under the offering will remain open until May 10, 2025. Under the first tranche announced on Dec. 23, 2024, the company issued 23,475,000 units for gross proceeds of $234,750. No finders' fees were paid in connection with the first tranche. For the remaining financing, the company intends to issue 76,525,000 units for gross proceeds of $765,250.

The details of the financing, as reported on Oct. 17, 2024, are provided herein.

The company intends to raise gross proceeds of up to $1-million through a non-brokered private placement of up to 100 million units of the company at a price of one cent per unit.

Each unit shall consist of one common share in the capital of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share of the company at a price of five cents per share for a period of three years following the date of issuance; except that, from and after the date that is one year after the closing date, if the average closing price of the company's common shares on the Canadian Securities Exchange is equal to or exceeds 5.5 cents during any 10-trading-day period, then the company may anytime thereafter accelerate the expiry date of the warrants to the date that is 30 days following the date on which the company issues notice to all the warrantholders of the new expiry date (and the company will also issue a press release on the same date as it issues notice confirming the new expiry date of the warrants).

The units will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. Directors and officers of the company may acquire securities under the private placement, which will be considered a related party transaction, as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The non-brokered private placement is subject to all necessary regulatory approvals. The company will pay finders' fees to eligible finders in connection with the private placement, subject to compliance with applicable securities laws and CSE policies. The securities being issued in the private placement will be subject to a four-month-and-one-day hold period, in accordance with applicable Canadian securities laws. The company intends to use the net proceeds of the private placement for general working capital purposes.

About City View Green Holdings Inc.

City View is a leading consumer packaged goods company focused on the development of cannabis-infused edibles with the receipt of its Cannabis Act processing licence on April 30, 2021.

We seek Safe Harbor.