Dr. Patrick Gray reports

PASCAL BIOSCIENCES FORMAL AGREEMENT TO ACQUIRE THC ESSENTIALS

Shareholders of Pascal Biosciences Inc. owning 56 per cent of the issued shares of the company have approved the reorganization of the company, including delisting from the TSX Venture Exchange. Details of the reorganization were disclosed in prior releases dated Dec. 9, 2022, and Feb. 15, 2023.

At the request of the company, the shares will be delisted from the TSX-V at the close of the market on May 23, 2023. Immediately thereafter: (i) the company's name will be changed to Nevis Brands Inc.; (ii) the shares will consolidate on the basis of one new share for five old shares; and (iii) the company's board of directors and the chief executive officer will change. A news release will be issued the next day providing details about the new directors and the chief executive officer.

The company has received a conditional listing letter dated April 26, 2023, from the Canadian Securities Exchange. That letter requires the company's reorganization to complete on the day the shares are listed on the CSE. On the listing date, a private placement of $2-million and the acquisition of THC Essentials are required to close as well, as issuing shares for debt, which will complete the reorganization.

Completion of the transactions disclosed in this press release is subject to a number of conditions, including the closing of the private placement and the acquisition. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in further news releases or the CSE Form 2A listing statement, still to be finalized, any information released or received with respect to the transactions may not be accurate or complete and should not be relied upon. The shares of the company have been halted since the first week of December, 2022.

About Pascal Biosciences Inc.

The company has ceased investment in its biotechnology assets and closed its research lab.

We seek Safe Harbor.