Mr. Robert Thast reports

IZOTROPIC ANNOUNCES DEBT SETTLEMENT

Izotropic Corp. has entered into a debt settlement agreement with a lender to settle a portion of the principal balance pursuant to a promissory note originally issued by the company.

The company previously entered into a promissory note dated April 1, 2022, with the lender in the principal amount of $2-million.

Pursuant to the agreement, the company will settle $100,000 of the principal balance through the issuance of 500,000 units at a deemed price of 20 cents per unit, in full settlement of the portion of the principal balance. Each unit will consist of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder to acquire one additional share at a price of 20 cents per warrant share for a period of three years from the date of issuance.

All securities to be issued in connection with the interest settlement will be subject to a statutory hold period of four months and one day, in accordance with applicable securities laws.

Completion of the interest settlement remains subject to the approval of the Canadian Securities Exchange.

About Izotropic Corp.

More information about Izotropic can be found on its corporate website and by reviewing its profile on SEDAR+.

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