Mr. Blair Wilson reports

FORBIDDEN SPIRITS PROVIDES UPDATE ON PRIVATE PLACEMENT

Further to Forbidden Spirits Distilling Corp.'s prior announcements dated Dec. 6, 2024, and Jan. 6, 2025, and aggregate principal amount of $305,000 convertible debentures were issued under the company's non-brokered private placement.

The convertible debentures will be convertible at the option of the holder into common shares in the capital of the company at a price of one cent per share (on a preconsolidation basis). The convertible debentures will not be convertible into common shares until the company has received a full revocation of the FFCTO (failure-to-file cease trade order) and has also completed a consolidation of its common shares on a one-new-for-10-old basis.

The completion of the private placement remains subject to the receipt of all requisite approvals, including the final acceptance of the exchange.

About Forbidden Spirits Distilling Corp.

Forbidden Spirits is a fast-growing craft distillery and trades under the ticker symbol VDKA on the TSX Venture Exchange.

Forbidden Spirits currently manufactures and distributes a portfolio of ultrapremium brands, including Rebel Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka and Wallace Hill Whisky.

We seek Safe Harbor.