Blender Bites Announces Debt Settlement and Warrant Revaluation

VANCOUVER, British Columbia, August 19, 2024 (GLOBE NEWSWIRE) — Blender Bites Limited (the “Company“, “Blender snacks” or “Blender”), (CSE:
BITEFront page: JL4WKN: A3DMEJ), announces that it has entered into debt settlement agreements (the “Agreements”) with certain creditors of the Company. Pursuant to the Agreements, the Company has agreed to the issuance of an aggregate principal amount of 550,456 ordinary shares (“Ordinary shares”) in the capital of the Company at a stated price of $0.81 per common share to settle an aggregate amount of $445,869.75 of outstanding indebtedness (the “Shares for debt transaction”). Any securities issued pursuant to the Debt Transaction Shares will be subject to a waiting period of four months and one day from the date of issuance, in accordance with applicable securities laws. In accordance with the policy of the Canadian Securities Exchange, the Debt Transaction Shares (5) will close five business days from the date of this press release.

In addition to the above, the Company intends to exercise the terms of an aggregate of 504,144 outstanding share purchase warrants (the “Commands”). The Warrants were originally issued as follows: