Mr. Christian Bullock reports

PUREBREAD BRANDS INC. ANNOUNCES UPSIZING OF NON-BROKERED PRIVATE PLACEMENT TO $2,000,000 AND PROPOSED DEBT SETTLEMENT

Purebread Brands Inc., due to strong investor demand, is increasing the size of its previously announced non-brokered private placement offering to up to $2-million. The private placement will now consist of up to 13,333,333 units of the company at a price of 15 cents per offered unit for aggregate gross proceeds of up to $2-million.

Each offered unit will comprise one common share in the capital of the company and one-half of one common share purchase warrant, with each warrant exercisable by the holder to acquire one common share at an exercise price of 30 cents per common share for a period of 24 months from the date of issuance.

The company may pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange.

The proceeds of the private placement will be used to primarily finance new store openings and for general working capital purposes.

The private placement remains subject to receipt of all necessary regulatory approvals, including exchange acceptance. All securities issued in connection with the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

Debt settlement

The company further announces that it has agreed to issue an aggregate of 20 million units of the company to an arm's-length creditor at a price of 15 cents per settlement unit, in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $3-million. Each settlement unit will comprise one common share and one-half of one warrant, with each whole warrant exercisable by the holder to acquire one common share at an exercise price of 30 cents per common share for a period of 24 months from the date of issuance.

Completion of the debt settlement remains subject to TSX Venture Exchange approval. All securities issued in connection with the debt settlement will be subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws.

About Purebread Brands Inc.

Purebread Brands 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.

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