Mr. Sandro Torrieri reports

CARBEEZA INC. ANNOUNCES PRIVATE PLACEMENT

Carbeeza Inc. intends to complete a non-brokered private placement of up to 10 million units of the company at a price of 10 cents per unit for gross proceeds of $1-million. The net proceeds of the private placement will be used by the company to scale up the marketing campaign, to support the company's move into the United States market and for general corporate purposes.

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

The private placement will be conducted pursuant to available prospectus exemptions, including sales to accredited investors, family members, close friends and business associates of directors and officers of the company, and to existing shareholders of the company pursuant to the exemption set out in Alberta Securities Commission Rule 45-516 (Prospectus Exemptions for Retail Investors and Existing Security Holders). The company encourages existing shareholders who wish to participate in the private placement to contact the company.

A finder's fee may be paid in connection with the private placement to finders as determined by mutual agreement between the company and the finders and subject to TSX Venture Exchange approval. The finder's fee shall consist of a cash fee of 8 per cent of the gross proceeds of the private placement raised by the finder and common share purchase warrants of the company equal to 8 per cent of the number of units issued as a result of the finder under the private placement. Each broker warrant entitles the holder thereof to acquire one unit of the company at 25 cents per broker warrant expiring 18 months from the closing date.

The private placement is expected to close in late 2023 on such 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 TSX-V.

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.

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