Mr. Brent Charleton reports

ENWAVE SIGNS EQUIPMENT PURCHASE AGREEMENT WITH BRANCHOUT FOODS INC. FOR 120KW RADIANT ENERGY VACUUM MACHINE

EnWave Corp. has signed an equipment purchase agreement with BranchOut Foods Inc., an international food technology company dedicated to bringing extraordinary natural snacks and real superfood ingredients to market. BranchOut has been a licensed royalty partner of EnWave for several years and currently operates 10-kilowatt and 60-kilowatt radiant energy vacuum (REV) dehydration machinery, the company's proprietary technology, to produce a portfolio of fruit and vegetable products.

The agreement provides for the acquisition of a 120-kilowatt REV machine, which is anticipated to be delivered to BranchOut in late calendar 2024 pursuant to buildout plans. BranchOut has paid an initial non-refundable deposit and is obligated to make several additional non-refundable payments through fiscal 2024. Subject to this REV machinery purchase, BranchOut and EnWave have agreed to certain additional exclusive production rights to further protect the commercial efforts of BranchOut.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, B.C., EnWave has developed a robust intellectual property portfolio, perfected its radiant energy vacuum (REV) technology, and transformed an innovative idea into a proven, consistent and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality and cost. With more than 50 royalty-generating partners spanning 26 countries and five continents, EnWave's licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner, and getting to market faster with the company's patented technology, licensed machinery and expert guidance.

EnWave's strategy is to sign royalty-bearing commercial licences with food producers that want to dry better, faster and more economically than freeze drying, rack drying and air drying and enjoy the following benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improving product taste, texture, colour and nutritional value.

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