Mr. Josh Bruni reports

AMERICAN AIRES INC. ANNOUNCES PARTNERSHIP AGREEMENT WITH HUCK PROJECT LLC

American Aires Inc. has formed a partnership agreement with HUCK Project LLC (HUCK), whereby HUCK becomes the company's non-exclusive global retail-only distribution partner.

This partnership agreement bears a twofold rationale. Firstly, management believes that this outsourcing strategically positions the company as a pure biotechnology firm. With HUCK committing its resources to retail operations, the company plans to focus on R&D (research and development), new product development, and engaging into larger and more lucrative original equipment manufacturer (OEM) deals. This new focus and royalty-based revenues are anticipated to reshape the company's operations and investor perception, improving the company's valuation as it transforms from a working-capital heavy consumer product firm into an R&D-heavy entity with its business core rooted in deep technological and scientific expertise protected by patents. Secondly, by outsourcing retail operations to HUCK, the company transfers the inventory financing burden over to HUCK, a United States-based entity which is better positioned to source financing options to support the growing inventory investments.

The partnership agreement is largely an extension of the working relationships already established between the company and HUCK as it has been managing day-to-day operations of the company's Shopify store, and overseeing the entire sales, marketing and advertising functions since 2021. The agreement also gives complete flexibility over partnership economics to the company through a set of two royalties, both to be set monthly by the company. All of the intellectual property, trademarks and patents, including the Shopify store remain with the company.

Key points of the agreement:

• The company shall grant to HUCK a non-exclusive, sublicensable licence to make, use, advertise, sell, promote, manufacture the intellectual property, and to offer the retail e-commerce services, worldwide.
• HUCK shall acquire from the company all inventory of the company (including current, in-transit and pending inventory) for the sum of $684,038.
• HUCK shall maintain sufficient inventory to ensure the ongoing operation of the company's store in a commercially reasonable manner.
• The company to permit HUCK to submit orders directly to UAB Technano for the manufacture of Lifetune-branded products.
• HUCK shall pay to the company a monthly royalty rate. The net royalty shall comprise a cash royalty portion and a special royalty portion as negotiated by the parties.

Josh Bruni commented: "Today marks a pivotal moment in our company's evolution. As we refocus our energies towards expanding our technological frontiers and unlocking the vast potential of our patented innovations, I am filled with optimism and excitement. Entrusting our esteemed retail partner with our consumer product line ensures that it will continue to flourish and serve our loyal customers. This strategic shift amplifies our commitment to R&D, the enrichment of our intellectual property and the deepening of our scientific research endeavors. We're not just embracing change; we're paving the way for unprecedented opportunities in larger markets, solidifying our position as industry trailblazers."

Drew Green, chairman of American Aires, said: "This strategic evolution not only exemplifies our adaptability but underscores our vision for a future teeming with possibility. I stand wholeheartedly behind the Aires team's direction, confident that our collective endeavors will lead to unparalleled growth and value for our stakeholders."

The agreement with HUCK is considered a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions given that HUCK is owned entirely by Josh Bruni, Aires' chief executive officer and director. This transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the inventory sold to HUCK nor the consideration provided therefor exceed 25 per cent of the company's market capitalization as of the time that the agreement was entered into.

About HUCK Project LLC

HUCK Project is a United States-based digital marketing and advertising consulting and execution group. The company engaged HUCK in 2021 to devise the plan for and execute on brand development and sales growth initiatives.

About American Aires Inc.

American Aires is a Canadian-based nanotechnology company committed to enhancing well-being and environmental safety through science-led innovation, education and advocacy. The company has developed proprietary silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation (EMR). American Aires's Lifetune products target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors and WiFi, including the more powerful and rapidly expanding high-speed 5G networks. American Aires is listed on the Canadian Securities Exchange under the ticker WIFI and on the OTCQB under the symbol AAIRF.

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