Mr. Jonathan Sheeri reports

HAPBEE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Hapbee Technologies Inc. has closed its previously announced non-brokered offering for aggregate gross proceeds of $2.72-million. Hapbee also wishes to correct its previous announcement made July 8, 2024, of an initial closing of this non-brokered private placement. The earlier press release should have stated that the company had simply received commitments from subscribers for up to $2.7-million.

Pursuant to the closing of the offering, the company issued a total of 22,693,753 units at 12 cents per unit. As previously announced, each unit consists of one subordinate voting share and one-half of one non-transferable share purchase warrant. Each warrant shall be exercisable to acquire one additional share until July 26, 2026, at an exercise price of 24 cents. The expiry date of the warrants will be subject to acceleration following the closing of the offering, at the discretion of the company, and as previously announced, if the shares trade at or above 50 cents on the TSX Venture Exchange for a period of 10 consecutive trading days after the expiry of the four-month hold period, the company may issue a news release accelerating the expiry date to 60 days after the filing of such news release.

All securities issued under this offering are subject to a four-month-and-a-day hold period expiring on Nov. 27, 2024. No finders' fees were paid in connection with this offering.

The net proceeds raised from the units will be used to finance product and business development and for working capital and general corporate purposes.

About Hapbee Technologies Inc.

Canadian-based Hapbee is a wearable wellness technology company that aims to help people enhance how they feel. Powered by patented ultralow radio frequency energy technology, Hapbee delivers low-power electromagnetic signals designed to produce sensations to assist with sleep, performance, mood and others. Hapbee is available for purchase at the Hapbee website, Target stores and at the Target website.