Ms. Chelsie Hodge reports

BLENDER BITES EXTENDS FACILITY LOAN WITH EXPORT DEVELOPMENT CANADA, ANNOUNCES DIRECTOR RESIGNATION AND ENGAGES BUNT CAPITAL

Blender Bites Ltd. has entered into an agreement with Export Development Canada (EDC) to establish a new $500,000 bridge facility in addition to the existing $2-million facility loan from EDC (see the company's news release dated Nov. 9, 2023). The bridge facility will be repayable on demand and will mature on the date on which the borrower completes a sale of its shares or 90 days from the date of the bridge facility advance.

The company also announces the resignation of Grant Smith from its board of directors, effective March 20, 2025. The board of directors thanks Mr. Smith for his contributions to the company and wishes him the best in his future endeavours.

In addition, the company also announces that it has engaged Bunt Capital Corp. (business address: 64 Russell Hill Rd., Toronto, Ont., M4V 2T2) to provide consulting services related to mergers and acquisitions (M&As). As compensation, the company has agreed to grant 25,000 stock options and 95,000 restricted share units to Bunt Capital, under its equity incentive plan. No additional securities have been issued to Bunt Capital or its principals beyond this grant.

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 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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