Mr. Jonathan Or reports

BEYOND OIL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Beyond Oil Ltd. has arranged a non-brokered private placement of up to 3.6 million units at a purchase price of 75 cents per unit, for total gross proceeds of up to $2-million (U.S.). For the purposes of the offering, the company has set the Canadian: United States exchange rate at $1.35: $1 (U.S.).

Each unit will be composed of one common share in the capital of the company and one-half of one share purchase warrant. Each whole warrant will be exercisable for one share at a price of $1.25 per warrant share for a period of one year after the closing date.

The company intends to use the net proceeds from the offering for general corporate purposes.

Product highlights:

• Frying oils recovery: Extensive testing indicates that the Beyond Oil product extends the usable life of frying oil, improves product quality and reduces frying oil costs. As a preferential adsorbent, the product reduces and prevents the formation of harmful components such as free fatty acids (FFA), total polar materials (TPM), acrylamide, polycyclic aromatic hydrocarbons (PAHs), trans fats and other impurities, ensuring frying oil stays fresh and fried food tastes fantastic.
• Patent protected: The company also has a portfolio of registered and patent-pending solutions that extend the shelf life of produced and used vegetable oils.
• Potential cost savings: One of Beyond Oil's unique value propositions is that it can dramatically lower costs for quick-service restaurants by significantly extending the useful life of the oil while meeting food quality and safety requirements. For more information on how the Beyond Oil product extends the life of frying oil, see the company's news release dated Dec. 12, 2022.
• Distribution ready: The company received a non-objection letter from the U.S. Food and Drug Administration (FDA) in March, 2022, on the basis that all the Beyond Oil product ingredients meet food-grade specifications of the FDA. In May, 2022, Beyond Oil received a non-objection letter from Health Canada and a National Sanitation Foundation certification. Beyond Oil is legally permitted to sell its product into the Israeli market according to the processing-aid and filtering-aid regulations.

How the Beyond Oil product works

The Beyond Oil product integrates into the existing filtration systems of both commercial and industrial fryers. The combination of active filtration by the powder and passive filtration by the filter and filtration machine ensures the best results by removing other degradation particles. The powder remains on the filter and creates an additional layer which provides the microfiltration benefit.

About Beyond Oil Ltd.

Beyond Oil is an innovative food tech company dedicated to transforming the way people consume and produce food. Beyond Oil provides sustainable solutions for the food industry, prioritizing environmental protection and the well-being of its workers and customers. The company's innovative solutions help reduce costs for its partners and clients while ensuring responsible and ecofriendly practices. Beyond Oil is committed to environmental responsibility, minimizing the carbon footprint of the food industry on the planet. By implementing cutting-edge techniques, the company delivers a healthier final product by reducing the formation of carcinogenic substances in fried food. The company's vision is to create a more sustainable future where food safety, cost efficiency and environmental consciousness come together seamlessly.

We seek Safe Harbor.