Mr. Randy Clifford reports

SMARTSET ANNOUNCES NON BROKERED PRIVATE PLACEMENT AND DIRECTOR CHANGES

Smartset Services Inc. has arranged a private placement of up to 1.3 million common shares at five cents per share for gross proceeds of up to $65,000, subject to final TSX Venture Exchange approval.

The Company is a "Capital Pool Company", as defined under the policies of the TSX Venture Exchange. The Company does not have any agreement, agreement in principal or any other arrangement with any party in connection with a potential Qualifying Transaction. Proceeds from the Offering will be used for audit, legal, and, general working capital, due diligence costs related to identifying and evaluating assets or businesses for a potential Qualifying Transaction, financing or partially financing the acquisition of significant assets in connection with a Qualifying Transaction or for working capital after completion of a Qualifying Transaction. In the event that a proposed Qualifying Transaction is identified, a portion of the private placement proceeds may be used as an advance to the target company for the purposes of preserving its assets prior to closing of the transaction.

All shares issued pursuant to this placement will be subject to a four month hold period from the date of issuance. The Offering is subject to the approval of the TSX Venture Exchange.

The Company would also like to announce that, subject to the approval of the TSX Venture Exchange, the Company intends to appoint Andrew Kiguel, Jimmy James Sekora and Joshua Gerstein to its board of directors.

Mr. Gerstein is a highly experienced, dynamic corporate strategic consultant, executive and investor, with over 20 years of extensive expertise in investment banking, merchant banking, corporate strategy and management across a variety of industries. Most recently invested in and advising a legal technology company that is launching a virtual marketplace in the legal services industry; co-founded a Europe-based producer, supplier and distributor of psilocybin, a promising key component in the pursuit of a more effective treatment for individuals suffering from mental health issues. Obtained M.B.A. and J.D. degrees from the University of Toronto in 1999, after graduating with a B.A. (majoring in Statistical Sciences) from the University of Western Ontario.

Mr. Gerstein served as Director of Datametex AI Limited (formerly Everfront Ventures Corp.). Mr. Gerstein had been the CEO and a director of Everfront Ventures Corp., a Capital Pool Company listed on the TSX Venture Exchange prior to the completion of its RTO with Datametrex. Mr. Gerstein is also currently a director of ICWHY Capital Ventures Inc., a Capital Pool Company listed on the TSX Venture Exchange.

Mr. Sekora received a Bachelor of Commerce from the University of Calgary in May 1982 and has held a Chartered Accountant designation since December 1982 (now a Chartered Professional Accountant designation). He has operated Tannjinn Enterprises Inc., as the contract chief financial officer of the company, since June 1997. Mr. Sekora has more than 25 years of chief financial officer experience for several private companies.

Mr. Sekora's current principal occupation is as a chief financial officer for several private companies. Mr. Sekora is also currently a director of ICWHY Capital Ventures Inc., a Capital Pool Company listed on the TSX Venture Exchange.

Andrew Kiguel is an accomplished executive and entrepreneur. In the last 6 years, Andrew has co-founded and provided leadership to several companies including Hut 8 Mining, Tokens.com, Metaverse Group, and Hulk Labs. Prior to 2018, Andrew spent over 20 years as an investment banker raising over $5 bn for clients.

Mr. Kiguel is also currently a director of Iocaste Ventures Inc., a Capital Pool Company listed on the TSX Venture Exchange.

The Company also announces that Leo Karabelas and Tyson King have resigned as directors of the Company. The Company would like to thank Mr. Karabelas and Mr. King for their service as directors of Company over the past four and a half years.

In connection with the resignations of Mr. Karabelas and Mr. King, the Company will cancel an aggregate of 397,500 previously outstanding incentive stock options. Subject to the completion of the Offering, the Company has also agreed to issue an aggregate of 1,277,500 new stock options exercisable at $0.10 for a period of 10 years to the directors and officers of the Company.

We seek Safe Harbor.