Mr. Christian Bullock reports

PUREBREAD BRANDS INC. ANNOUNCES DEBT RESTRUCTURING AND LEADERSHIP CHANGES

The total indebtedness of $5,209,930 previously owed to Bank of Montreal, pursuant to a letter of agreement dated June 28, 2023, as amended, among BMO, Coho Acquisition Corp., a wholly owned subsidiary of Purebread Brands Inc., and Purebread Brands, as guarantor, has been purchased by a third party, acting at arm's length to the company. All terms and conditions applicable to the indebtedness remain unchanged.

The company also announces changes to its leadership team and board of directors. Christian Bullock has been appointed as chief executive officer of the company. In addition, Ingo Seibert and Mr. Bullock have been appointed to the board of directors.

Mr. Bullock is a brand leader with 25 years experience developing food and beverage brands across Canada.

Mr. Seibert is a business entrepreneur and investor with 26 years of extensive experience in merger and acquisition (M&A), financing, strategic planning, sales, marketing, and team structuring.

In connection with these changes, Amrit Maharaj voluntarily resigned as the interim chief executive officer, and will continue in a leadership role and to serve on the board of directors of the company.

About Purebread Brands Inc.

Purebread Brands operates fast-casual cafe and bakery locations in British Columbia.