Mr. Josh Bruni reports

AMERICAN AIRES EXPANDS US INVESTOR REACH WITH OTCQB LISTING UNDER SYMBOL AAIRF

American Aires Inc.'s common shares have been approved for trading under the symbol AAIRF on the OTCQB Venture Market effective May 2, 2024, and will be Depository Trust Company (DTC) eligible. Aires will continue to trade on the Canadian Securities Exchange under its existing stock symbol WIFI.

American Aires' chief executive officer, Josh Bruni, comments: "Listing Aires on the OTCQB market and making our shares DTC eligible marks another milestone toward enabling more investors to be part of our ongoing progress. With both DTC eligibility and listing on the OTCQB, trading of Aires's shares will be easier and made possible to a wider investor audience in the United States. After completing our oversubscribed $4-million financing in February, launching our #airesathletes program with our first partner UFC star Maycee Barber and continuing to scale our business in the U.S. through major strategic partnerships such as the recently announced campaign on the video platform Rumble featuring one its most popular influencers, English comedian, actor, and influencer, Russell Brand, we feel confident about our ability to generate value for our shareholders and improve stock liquidity. This uplisting enables us to leverage our commercial success with the U.S. consumer to deepen and widen awareness of the unfolding Aires story among both institutional and retail investors."

The OTCQB is a premier marketplace for entrepreneurial and development-stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process every six months. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve investors' access to information and trading experience.

The shares will also be eligible for electronic clearing and settlement in the United States through the DTC. DTC eligibility is expected to simplify the process of trading and to enhance liquidity of the shares in the United States.

DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be DTC eligible. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

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 a proprietary silicon-based resonator that protect against the harmful effects of electromagnetic radiation (EMR). 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.

We seek Safe Harbor.