Mr. Amrit Maharaj reports

PUREBREAD BRANDS INC. ANNOUNCES FURTHER DEBT SETTLEMENT

Purebread Brands Inc. has agreed to issue an aggregate of 532,322 common shares of the company to an arm's-length creditor of the company at a price of $1.25 per settlement share, in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $484,000 (U.S.) ($665,403 (Canadian)). Immediately prior to the debt settlement, the company had 27,566,263 common shares of the company outstanding, and, following closing of the debt settlement, the company anticipates that there will be 28,098,585 common shares of the company outstanding.

The debt settlement is subject to TSX Venture Exchange approval. All securities issued in connection with the debt settlement are subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada.

The settlement shares are being issued in satisfaction of indebtedness owing to the creditor pursuant to a debenture of the company originally issued on Dec. 22, 2023, in the principal amount of $400,000 (U.S.) ($562,520 (Canadian)). The debenture accrued interest at a rate of 10.5 per cent per annum and matured two years from the date of issuance on Dec. 22, 2025. Through inadvertence, the issuance of the debenture was not announced by the company at the time of issuance.

About Purebread Brands Inc.

Purebread is a leader in fast-casual cafe/bakeries in British Columbia, driving retail expansion in vibrant communities across Canada and beyond. Purebread is committed to crafting exceptional food experiences and making a positive impact on the communities it serves.

We seek Safe Harbor.