Mr. Ashish Malik reports

BEE VECTORING TECHNOLOGIES CLOSES PRIVATE PLACEMENT

Bee Vectoring Technologies International Inc. has closed the previously announced non-brokered private placement of 2.25 million units issued at a price of 12 cents per unit for gross aggregate proceeds of $270,000. Each unit comprises one common share and one common share purchase warrant. Each warrant is exercisable to acquire one additional share of the company for a period of 36 months from closing at a price of 20 cents.

No finder's fees were payable in connection with the private placement. The company intends to use the gross proceeds from the private placement to finance its continuing growth strategy in the agricultural space, for continued research and development, marketing services, and general working capital purposes.

All securities issued pursuant to the private placement are subject to a statutory hold period which will expire on Sept. 13, 2023, in accordance with applicable securities laws of Canada.

The company has also issued 771,014 shares at a price of 8.625 cents per share, to settle a semi-annual interest payment due to Sorbie Bornholm LP pursuant to the issuance of 1,900 notes for gross proceeds of $1.9-million from the private placement that closed on July 11, 2022.

Pursuant to applicable Canadian securities laws, the settlement shares issued pursuant to the Sorbie private placement have been issued under prospectus exemptions and are not subject to any hold periods or resale restrictions.

About Bee Vectoring Technologies International Inc.

Bee Vectoring, an agriculture technology company, is a market disruptor with a significant global market opportunity in the $240-billion crop protection and fertilizer market. It has pioneered a natural precision agriculture system that replaces chemical pesticides and wasteful plant protection product spray applications by delivering biological pesticide alternatives to crops using commercially grown bees. Its award-winning technology, precision vectoring, is completely harmless to bees and allows minute amounts of naturally derived pesticides (called biologicals) to be delivered directly to blooms, providing improved crop protection and yield results than traditional chemical pesticides -- and improving the health of the soil, the microbiome and the environment. Currently, Bee Vectoring has over 65 granted patents, over 35 patents pending in all major agricultural countries worldwide and has U.S. Environmental Protection Agency registration of its Vectorite with CR-7 (EPA Registration No. 90641-2) for sale as a registered biological fungicide for use on the labelled crops.

We seek Safe Harbor.