Mr. Antonio Comparelli reports

BNSELLIT TECHNOLOGY INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS

Bnsellit Technology Inc. has closed a third tranche of a non-brokered private placement offering of 1,589,434 units for gross proceeds of $95,366 at a price of six cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable into common shares at a price of 10 cents per warrant expiring on Dec. 31, 2024. Including the first and second tranches that closed on April 12, 2023, and April 21, 2023, total gross proceeds to date on the offering was $376,738.

Of the offering, $35,122 was subscribed to by directors and officers of the corporation. The issuance of the units to related parties constitutes a related party transaction as such term is defined by Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The corporation was exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the shares for debt transaction under sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the consultant, exceeds 25 per cent of the corporation's market capitalization (as determined under MI 61-101).

The gross proceeds received by the corporation will be used for working capital purposes. All securities issued under the offering are subject to a statutory hold period until Oct. 31, 2023.

About Bnsellit Technology Inc.

Bnsellit Technology is a cutting-edge technology company that develops advanced artificial intelligence platforms for the hospitality industry designed to enhance the guest experience. Bnsellit's flagship products, Bnsellit and Metaguest.AI, are comprehensive solutions that addresses all aspects of the guest journey, from prearrival to postdeparture. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile checkout, personalized in-room controls, local experience/event bookings, virtual personal concierge and more. Guests engage in over 16 languages, on any connected device, and without the need to download an app or visit a website. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, increase revenue and overall customer satisfaction.