Mr. Amrit Maharaj reports

PUREBREAD BRANDS INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF DEBT SETTLEMENT

Further to the news releases on March 13, 2025, and Oct. 2, 2025, Purebread Brands Inc. has completed the second tranche of its previously announced shares-for-debt transaction and issued to certain creditors of the company an aggregate of 640,000 units at an average price of approximately $1.22 per unit, in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $783,978. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $2.50 per share for a period of 36 months from the date of issue. Immediately prior to the debt settlement, the company had 26,905,221 common shares outstanding, and, following closing of the second tranche of the debt settlement, there are 27,545,221 common shares outstanding. The company anticipates closing the third and final tranche of the debt settlement in the following weeks to settle additional indebtedness of $392,048 through the issuance of 522,894 units.

All securities issued in connection with the debt settlement are subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada.

About Purebread Brands Inc.

Purebread is a leader in fast-casual cafe/bakeries in British Columbia, driving retail expansion in vibrant communities across Canada and beyond. Purebread is committed to crafting exceptional food experiences and making a positive impact on the communities it serves.

We seek Safe Harbor.