Mr. Sandro Torrieri reports

CARBEEZA INC. ANNOUNCES PRIVATE PLACEMENT EXTENSION

The TSX Venture Exchange has approved an extension to close Carbeeza Inc.'s non-brokered private placement, announced on March 20, 2023, of up to 12.5 million units of the company at a price of 20 cents per unit for gross proceeds of up to $2.5-million. The net proceeds of the offering will be used by the company to scale up its marketing campaign, to scale up the company's move into the United States and for general corporate purposes.

The units will consist of one common share and one full common share purchase warrant exercisable into common shares for a period of 18 months from the closing date at a price of 25 cents per warrant.

The common shares and the warrant shares will be subject to a four-month-and-one-day hold period from the date of issuance of the units in accordance with applicable securities laws and the policies of the exchange. The private placement is expected to close on or around Aug. 31, 2023, or such earlier date as may be determined by the directors of the company.

The closing of the private placement is subject to regulatory approval, including, but not limited to, the approval of the exchange.

About Carbeeza Inc.

Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of artificial intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers.

We seek Safe Harbor.