Mr. Hari Varshney reports

ZOGLO'S CLOSES PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT OF UNITS

Zoglo's Food Corp. has closed the previously announced non-brokered private placement of units of the company by the issuance of 12,726,749 units at 5.5 cents per unit for gross proceeds of $699,971.20.

Each unit consists of one common share of the company and one whole common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of 10 cents per common share for a period of 36 months from the closing date of the offering. The net proceeds of the offering are expected to be used for general working capital purposes and to pay down the company's outstanding payables. The securities issued under the offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing of the offering. No finders' fees are payable in connection with the closing of the offering.

All references to currency in this news release are to Canadian currency. The company has obtained securityholder approval for the offering, by consent resolution, in accordance with Section 4.6(2) of Canadian Securities Exchange Policy 4, Corporate Governance, Security Holder Approvals and Miscellaneous Provisions.

The securities issued pursuant to the offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Zoglo's Food Corp.

Zoglo's Food is a publicly traded company listed on the CSE under the ticker ZOG and the Frankfurt Stock Exchange under the ticker KX9.

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