Ms. Chelsie Hodge reports

BLENDER BITES FILES AMENDED AND RESTATED OFFERING DOCUMENT FOR PRIVATE PLACEMENT

Blender Bites Ltd. has filed an amended and restated offering document (as defined below) related to its previously announced (Aug. 2, 2024), non-brokered private placement under the listed issuer financing exemption (as defined below) of 1,875,000 units of the company at a price of 64 cents per unit to raise gross proceeds of $1.2-million. Each unit will consist of one common share of the company and one-quarter of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of 80 cents at any time on or before that date which is 36 months after the closing date of the offering. The net proceeds from the offering are expected to be used for operational expenses, including raw material purchases, retailer listing fees, marketing-related expenses and for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions (NI 45-106), the offering is being made to purchasers resident in Canada, excluding Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the listed issuer financing exemption). The securities offered under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an amended and restated offering document dated Aug. 16, 2024, related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

Closing of the offering remains subject to the receipt of any required regulatory approvals. The company may pay finders' fees to eligible parties who have assisted in introducing subscribers to the offering. The company will also issue common shares equal to 2 per cent of the number of units issued in the offering to Amalfi Corporate Services Ltd. as an administrative fee for Amalfi's assistance with the offering. Amalfi is a private company controlled by Geoff Balderson, chief financial officer of the company, and an issuance of admin fee shares to Amalfi is considered to be a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the issuance of the admin fee shares issued to Amalfi will not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Blender Bites Ltd.

Blender Bites is a multiaward-winning Canadian company involved in the development and marketing of a line of premium frozen beverage products with a focus on functionality. Blender Bites was founded in 2017 and quickly became a leader in the easy smoothie category in North America. With a focus on better-for-you ingredients and convenience, the company is proud to be preportioned without the use of any inner plastic packaging. Blender Bites products are certified organic, non-GMO (genetically modified organism), gluten free, dairy free and soy free, and contain functional ingredients such as whole food vitamins, collagen and probiotics. Blender Bites 1-Step smoothies and 1-Step frappes are distributed across Canada and the United States, and the company's products are available in over 5,000 retail locations, including Walmart Canada, Walmart USA, Whole Foods Market, Loblaws, Publix Super Markets, Winn-Dixie, H-E-B and the Albertsons group of companies.

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