Mr. Rob Fia reports

CITY VIEW GREEN HOLDINGS INC. COMPLETES ISSUANCE OF SHARES IN SETTLEMENT OF DEBT

City View Green Holdings Inc., further to its news release of Oct. 31, 2024, has now issued an aggregate of 78,083,779 common shares at a deemed price of three cents per share to settle aggregate debt of $2,342,513.37. All shares issued in relation to these debt settlements are subject to a hold period expiring March 28, 2025, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Some of these debt settlements constituted related party transactions within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as certain directors and officers, and a company with common directors and officers, were issued an aggregate of 19,372,366 shares in settlement of an aggregate $581,170.98 debt. The company relied 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 participation in these debt settlement transactions by the related parties did not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

Rob Fia, chief executive officer and president of the company, stated: "City View has removed a substantial amount of indebtedness from the balance sheet which provides greater flexibility for management to execute on the business plan. We are excited about our prospects and look forward to providing additional updates on the vision for City View soon."

About City View Green Holdings Inc.

City View is a leading consumer packaged goods company focused on the development of cannabis infused edibles with the receipt of its Cannabis Act processing licence on April 30, 2021.

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