Mr. Yona Shtern reports

HAPBEE ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Hapbee Technologies Inc. has completed a non-brokered private placement of units of the company for aggregate gross proceeds to the company of $2,785,000.

"This capital enables us to continue to evolve our products and to expand our market presence and manufacturing," said Yona Shtern, chief executive officer and executive chairman of Hapbee.

As part of the offering, the company issued 50,454,544 units at a price of 5.5 cents per unit, which consisted in the issuance of 50,454,544 subordinate voting shares of the company and 50,454,544 share purchase warrants, with each warrant entitling the holder thereof to acquire one share at a price of 11 cents per share for a period of 3 three years from the closing date of the offering.

The expiry date of the warrants will be subject to prior acceleration, at the discretion of the company, should the volume-weighted average price of the company's listed shares on the TSX Venture Exchange or any other stock exchange on which the company's shares are then listed is greater than 40 cents for a period of 10 consecutive trading days, the whole in accordance with the terms of the warrants. Each share and warrant issued (including the shares underlying the warrants) will be subject to a hold period of four months plus one day following the closing of the offering pursuant to Canadian and U.S. securities laws.

Any net proceeds received by the company from the offering are intended to be used for product development, manufacturing, business development, working capital and general corporate purposes. The offering remains subject to the review and final approval of the TSX-V.

Jaylen Brown, who will join Hapbee as chief innovation officer, and Rizwan Shah, who will join as chief commercial officer, both participated in the round.

About Hapbee Technologies Inc.

Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform and feel. Hapbee's digital wellness library of blends and routines utilizes patented ultralow-radio-frequency energy (ulRFE), designed to help optimize users' sleep, productivity, recovery and downtime. Hapbee devices and subscriptions are available for purchase at Hapbee's website and through a growing network of select distributors.

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