Mr. Pratap Sandhu reports

PANGEA NATURAL FOODS INC. TO CONSOLIDATE ITS COMMON SHARES

Further to the news release dated Feb. 4, 2025, Pangea Natural Foods Inc. will consolidate all of its issued and outstanding common shares on the basis of one postconsolidated share for every six preconsolidated shares held.

The company's board of directors approved the consolidation on Feb. 12, 2025, and has set Feb. 18, 2025, as the record date of the consolidation. Trading of the shares on a postconsolidation basis on the Canadian Securities Exchange is expected to commence on or about Feb. 18, 2025. The new Cusip number for the shares will be 69841D208, and the new ISIN will be CA69841D2086. The company's name and stock symbol will remain unchanged following the consolidation.

As of the date hereof, the company currently has 86,231,999 shares issued and outstanding. The consolidation will reduce the number of outstanding shares to approximately 14,372,000 shares issued and outstanding.

Holders of physical share certificates of the company are required to complete and return a letter of transmittal to the company's transfer agent, Endeavor Trust Corp., to receive their postconsolidation shares. Please visit the Endeavor Trust website for guidance on the process for returning your preconsolidation share certificates and receiving your postconsolidation shares. Shareholders whose shares are represented by a direct registration system statement will automatically receive their postconsolidation shares without any further action. Shareholders who hold their shares through an intermediary are encouraged to contact their intermediaries if they have any questions.

No fractional shares will be issued under the consolidation as fractional shares will be rounded either up or down to the nearest whole number of shares. Each fractional share remaining after conversion that is less than half of a share will be cancelled, and each fractional share that is at least half of a share will be changed to one whole share. The exercise price and number of shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants, will also be adjusted in accordance with the consolidation ratio.

About Pangea Natural Foods Inc.

Pangea is a food manufacturing company focused on manufacturing, co-packing and distributing high-quality plant-based food and health products across North America.

We seek Safe Harbor.