Mr. Vito Sanzone reports

PROMINO NUTRITIONAL SCIENCES CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT

Promino Nutritional Sciences Inc. has closed its previously announced private placement of units of the company (see the news releases dated Feb. 25, 2025, and March 14, 2025). In the second tranche, the company issued an aggregate of 10,881,000 units at a price of five cents per unit for gross proceeds of $544,050, with each unit comprising one common share of the company and one common share purchase warrant. Each warrant is exercisable to acquire one common share of the company at a price of 18 cents per share for a period of 24 months from the date of issuance. Together with the first tranche, the company has issued an aggregate of 17,281,000 units for gross proceeds of $864,050, exceeding the originally announced amount of up to $750,000.

In connection with closing of the second tranche, the company:

• Paid cash finders' fees in the aggregate amount of $35,073.50;
• Issued an aggregate of 701,470 non-transferable finders' unit warrants, with each finder's unit warrant exercisable at a price of five cents per finder's unit for a period of 24 months. Each finder's unit consists of one common share in the capital of the company and one warrant, which shall entitle the holder thereof to acquire one additional finder's share at a price of 18 cents until the date that is two years following the exercise of the finder's unit warrant.

All securities issued in connection with the private placement are subject to a hold period of four months and one day pursuant to applicable securities laws.

The company intends to use the net proceeds of the private placement to accelerate sales and fulfilment of Promino's marquee muscle strength and recovery sports beverages, Promino and Rejuvenate Muscle Health, to settle outstanding liabilities, and for general working capital purposes.

About Promino Nutritional Sciences Inc.

Promino is an innovative and research-driven Canadian nutraceutical company specializing in the development of patented and science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. Promino's lead product, Rejuvenate Muscle Activator, is a patented proprietary formulation that is clinically proven to assist in the building, rebuilding, restoration and rejuvenation of natural muscle mass. Promino also offers Promino, an elite performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength and accelerate recovery from injury. Promino was founded in 2015 and is located in Burlington, Ont.

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