Ms. Chelsie Hodge reports

BLENDER BITES ANNOUNCES DEBT SETTLEMENT AND WARRANT REPRICING

Blender Bites Ltd. has entered into debt settlement agreements with certain creditors of the company. Pursuant to the agreements, the company has agreed to issue an aggregate amount of 550,456 common shares in the capital of the company at a deemed price of 81 cents per common share to settle an aggregate amount of $445,869.75 of outstanding debt. All securities issued pursuant to the share-for-debt transaction will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation. Pursuant to the policies of the Canadian Securities Exchange, the share-for-debt transaction will close five business days from the date of this news release.

In addition to the above, the company intends to amend the terms of an aggregate 504,144 outstanding share purchase warrants. The warrants were originally issued as shown in the attached table.

Subject to the consent of the holders of the warrants, the company will reduce the exercise price of the warrants to 91 cents per share. In accordance with the policies of the Canadian Securities Exchange, the expiration of the warrants will be accelerated to 30 days if, for any 10 consecutive trading days, the closing price of the common shares of the company on the CSE is $1.14 or greater, with such 30-day period starting seven days after the acceleration trigger. All other terms of the warrants will remain unchanged.

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 are currently sold in over 5,000 stores, including Walmart, Albertsons, HEB, Whole Foods and Publix.

We seek Safe Harbor.