ALUULA offers strategic reorientation update page 1

Victoria, British Columbia–(Newsfile Corp. – September 4, 2024) – ALUULA Composites Inc. (TSXV: AUUA) (“ALUULA” or the “Company”) today announces a corporate update, sharing key activities completed during the past quarter and announcing the establishment of a Global Advisory Board.

• ALUULA continues to focus on stabilization and growth of core activities
• Continued momentum as ALUULA sees new brand partnerships including Hyperlite Mountain Gear, The North Face and IM MEN as well as continued research and development collaboration with Airseas
• ALUULA has expanded its team with experts in sales, marketing, sustainability and technology and announces the creation of a Global Advisory Board

Strategic reorientation update