Mr. Randall Smallbone reports

ASTRON CONNECT INC. REPORTS FULL YEAR 2023 RESULTS

Astron Connect Inc. has released its full-year results for the fiscal year ended Sept. 30, 2023.

Highlights for the year ended Sept. 30, 2023:

• Sales for the fiscal year ended Sept. 30, 2023, were $28,283 (2022 -- $175,581), decrease of 521 per cent from that of fiscal year 2022, due to decreased demand for bottled water after the COVID-19 pandemic and the volatility of international shipping costs;
• Net loss of $499,897 for the year ended Sept. 30, 2023 (2022 -- net loss of $937,281), a decrease of 88 per cent from fiscal year 2022;
• As of Sept. 30, 2023, the company had a working capital of $70,036 (2021 -- $715,928).

For further financial information, please refer to the annual audited consolidated financial statements on SEDAR+ and the company's website.

Financial statements and MD&A (management's discussion and analysis)

The company's financial statements and MD&A for the three and 12 months ended Sept. 30, 2023, will be accessible on SEDAR+ under Astron's profile and on the company's website.

About Astron Connect Inc.

Astron Connect helps Canadian enterprises in the food and beverage industry break through the noise and bring their products to new international markets in the emerging world. Astron Connect brings Canadian food and beverage companies to the world through its extensive connections and export logistics capabilities in China and emerging markets. Manna Water and Sachiel Water (both Astron brands) supply China and other emerging markets with pure Canadian bottled spring water.

We seek Safe Harbor.