Beyond Oil Enters Into LOI With One Of The World’s Largest Food Equipment Manufacturers Page 1

Parties plan to create a joint integrated solution for the industrial frying market

VANCOUVER, BC / ACCESSWIRE / August 12, 2024 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) (“Beyond Oil” or the “Company”)an innovative food technology company dedicated to reducing health risks associated with fried foods while reducing operational costs, minimizing waste and improving sustainability, is pleased to announce that, further to the press release dated May 31, 2024, it has signed a letter of intent (the “LOI”) with one of the world’s largest manufacturers of equipment for the industrial frying sector (the “Industrial Manufacturer”).

Following a successful initial industrial test in May 2024 at the industrial manufacturer’s facilities in the United States, demonstrating the exceptional performance of Beyond Oil’s innovative product in combination with the industrial manufacturer’s advanced systems, the companies have strengthened their partnership with LOI.