An anonymous director reports

THE GOOD FLOUR CORP. ANNOUNCES LOAN

The Good Flour Corp. has entered into a loan agreement dated March 8, 2024, with an arm's-length lender pursuant to which the company may borrow up to $250,000 in requested drawdowns, from time to time. The loans advanced will bear interest at a rate of 10 per cent per annum and are unsecured, and have a maturity date of six months from the date of the loan agreement.

The facility is non-revolving. The company intends to use any funds advanced as loans for general corporate and working capital purposes. In connection with making the loan facility available, the company has agreed to issue up to an aggregate of 1,785,700 share purchase warrants to the lender on the date of the first advance under the loan agreement, with such bonus warrants vesting on a pro rata basis upon advance of each loan pursuant to the loan agreement. Each bonus warrant will be exercisable into one Class A common share at a price of 14 cents per bonus warrant share for a period of five years from the date of issuance.

We seek Safe Harbor.