Ms. Chelsie Hodge reports

BLENDER BITES LIMITED PROVIDES UPDATE ON DEFAULT ANNOUNCEMENT PURSUANT TO NATIONAL POLICY 12-203 - MANAGEMENT CEASE TRADE ORDERS

Blender Bites Ltd. is providing this biweekly update on the status of the management cease trade order granted on March 3, 2025, by its principal regulator, the B.C. Securities Commission under National Policy 12-203 (Management Cease Trade Orders), following the company's announcement on Feb. 14, 2025, that it was unable to file its audited annual financial statements for the financial year ended Oct. 31, 2024, and the related management's discussions and analysis, and chief executive officer and chief financial officer certificates, which were required to be filed on or before Feb. 28, 2025. The MCTO does not affect the ability of investors who are not insiders to trade the securities of the company.

The company reports that: (i) there are no changes to the information contained in the default announcement that would reasonably be expected to be material to an investor; (ii) the company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue biweekly default status reports for so long as the delay in filing the required filings is continuing, each of which will be issued in the form of a press release; (iii) there has not been any other specified default by the company under NP 12-203, and, except as set forth below, no such other default is anticipated; (iv) the company is not subject to any insolvency proceedings; and (v) there is no material information concerning the affairs of the company that has not been generally disclosed.

The company continues to work with its auditor to complete the audit of the company's consolidated financial statements and expects to file the required filings on or around April 29, 2025. The delays are due to the company's former auditor, GreenGrowth CPAs, resigning as the auditor of the company on its own initiative on July 10, 2024, and the company's new auditor not being appointed until Oct. 31, 2024, as well as the resignation of the company's former chief financial officer on Feb. 13, 2025.

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-genetically modified, gluten free, dairy free and soy free, and contain functional ingredients such as whole food vitamins, collagen and probiotics. Blender Bites one-step smoothies and one-step frappes are distributed across Canada and the United States, and are currently sold in over 7,000 stores, including Walmart, Albertsons, HEB, Whole Foods and Publix.

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