Mr. Charlie Lamb reports

THE GUMMY PROJECT ANNOUNCES PROPOSED SHARE CONSOLIDATION

The Gummy Project Inc. will be consolidating all of the issued and outstanding common shares of the company on the basis of one postconsolidation common share for every 10 preconsolidation common shares.

The company's board of directors set Nov. 3, 2022, as the effective date of the consolidation. Trading of the common shares on a postconsolidation basis on the Canadian Securities Exchange will commence on or about Nov. 4, 2022. The company's name and trading symbol will remain unchanged.

The 122,501,564 common shares currently issued and outstanding will be reduced to approximately 12,250,156 common shares. No fractional shares will be issued, and any fractions of a share will be rounded down to the nearest whole number of shares. The exercise or conversion price and the number of shares issuable under any of the company's outstanding convertible securities will be proportionately adjusted upon consolidation.

The new Cusip number and ISIN (international securities identification number) are 40281F201 and CA40281F2017, respectively. The company's board of directors approved this consolidation, in accordance with the company's articles and the Business Corporations Act (British Columbia), the company's governing statute.

Letters of transmittal will be mailed to registered shareholders and registered shareholders will be required to deposit their share certificate(s), together with the duly completed letter of transmittal, with Odyssey Trust Company, the company's registrar and transfer agent. Non-registered shareholders holding common shares through an intermediary (a securities broker, dealer, bank or financial institution) should be aware that the intermediary may have different procedures for processing the consolidation than those that will be put in place by the company for registered shareholders. If shareholders hold their common shares through intermediaries and have questions in this regard, they are encouraged to contact their intermediaries.

Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices of outstanding options and share purchase warrants will be adjusted accordingly.

About The Gummy Project Inc.

The Gummy Project is a growing community of individuals and organizations that believes small contributions can add up to something big. The Gummy Project sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. The Gummy Project is the only better-for-you candy company that is built to support the planet's most precious species and ecosystems while educating future generations on the steps people must take today to ensure a viable tomorrow.

We seek Safe Harbor.