Mr. Adi Olesker reports

BEYOND OIL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO C$20 MILLION

Beyond Oil Ltd. intends to complete a non-brokered private placement of up to 9,615,384 units of the company at a price of $2.08 per unit, for aggregate gross proceeds of up to $20-million (Canadian) (approximately $14.32-million (U.S.) (1)). The offering is expected to close in the near future.

Each unit will comprise one common share in the capital of the company and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of $3.50 (Canadian) per warrant share for a period of 24 months following the closing date of the offering.

The company intends to use the net proceeds of the offering for industrial research and development, sales and marketing, and general corporate purposes.

Completion of the offering is subject to customary closing conditions, including receipt of the approval of the Toronto Stock Exchange and the finalization and execution of definitive documentation. The offering may close in one or more tranches.

In connection with the offering, the company may pay finders' fees to eligible persons comprising a cash fee of up to 6.5 per cent of the applicable proceeds raised.

The shares and any warrant shares issued under the offering will be subject to a statutory hold period in Canada of four months and one day following the closing date. The warrants will not be listed on the TSX or any other exchange.

About Beyond Oil Ltd.

Everyone loves fried food. Beyond Oil makes it better, not by changing what people love, but by improving the system behind it. Beyond Oil is a foodtech (food technology) innovation company on a mission to help food service operators improve fried food across every dimension that matters: quality, health, consistency, safety, sustainability and profitability. The company achieves these outcomes by improving the system behind every kitchen, the frying performance and oil management that determine what lands on the plate. The company's patented technology, cleared by the U.S. Food and Drug Administration (FDA) and Health Canada, integrates into existing kitchen workflows to improve frying performance and oil management, helping operators deliver more consistent food, strengthen operational control and reduce oil waste. Beyond Oil's solution serves restaurant chains, supermarkets, hotels, catering, institutions and industrial frying operations worldwide, turning frying into a measurable, repeatable and scalable brand standard. The result is a better frying standard, helping every fryer, every shift and every plate live up to the food people love.

(1) Based on a fixed exchange rate of $1.397 (Canadian) to $1 (U.S.).

We seek Safe Harbor.