Mr. John Clifford reports

SMARTSET CLOSES PRIVATE PLACEMENT

Smartset Services Inc. has closed its private placement, previously announced May 24, 2023, of an aggregate of 300,000 common shares at five cents per share for gross proceeds of $15,000.

The company is a capital pool company, as defined under the policies of the TSX Venture Exchange. Proceeds from the placement 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 as defined in the policies of the TSX-V, 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. In addition, all shares issued will be subject to an 18-month, postqualifying transaction escrow release schedule pursuant to the company's CPC escrow agreement dated March 17, 2021, a copy of which will be available under the company's profile on SEDAR.

We seek Safe Harbor.