Mr. Chuck Rifici reports

BUZZ CAPITAL INC. ANNOUNCES PROPOSED APPOINTMENT OF NEW DIRECTORS AND TRANSFERS IN ESCROW SHARE POSITION

Subject to regulatory consent, Buzz Capital Inc. has proposed to effect certain changes in management and transfers of certain escrow share positions.

Change of management and appointment of new directors and officers

The following persons are being proposed as new directors and officers of Buzz Capital.

James W. Longshore (director)

Mr. Longshore has more than 25 years of business investment experience in resource companies. He is currently, and has been since 2015, the chief executive officer and a director of Xtra-Gold Resources Inc., a producing gold mining company with operations in Ghana, West Africa. He is also a director of another capital pool company, High Mountain 2 Capital Inc. Mr. Longshore has also been a director of Good2Go2 Corp., a CPC which completed a qualifying transaction in 2020 and became Leveljump Healthcare Corp.

Gregory M. Prekupec (director, chief executive officer and chief financial officer)

Mr. Prekupec is a corporate and franchise lawyer by background who has focused on the hospitality industry, financial technology, blockchain and crypto assets. He is also an entrepreneur and business adviser with a deep interest in disruptive technology and emerging markets. Since January, 2014, Mr. Prekupec has practised corporate and franchising law at Dipchand LLP. In addition to a career in law, Mr. Prekupec is an adviser to multiple venture-backed fintech companies, where he helped raise funds, as well as establish key relationships. His experience covers business and regulatory strategy, franchising, venture capital and investing, and private corporate finance. Mr. Prekupec received his JD from Bond University in Australia and is called to the bar in Ontario. He is a member of the Law Society of Upper Canada, the Canadian Franchise Association, and the Society of Trust and Estate Practitioners. Mr. Prekupec is also currently a director and chief executive officer of another CPC, Draxos Capital Corp.

Brian MacIntosh (secretary)

Mr. MacIntosh is the principal of Sunnylea Capital Inc., a private Alberta company that provides contractual expertise and structured capital for new business development and sales initiatives. Mr. Macintosh has led a number of private companies which were acquired by senior telecom companies such as AT&T and Telus. He is also a past executive board member with YPO, a global organization of over 34,000 chief executive officers in over 150 countries. With a strong understanding of both small- and medium-sized businesses and enterprise markets, Mr. MacIntosh brings the full force of 25 years of comprehensive hands-on management and operational expertise to bear on all engagements.

Upon approval of the foregoing appointments, Chuck Rifici will resign as director, chief executive officer and chief financial officer while Hugo Alves will be resigning as secretary. Brett Wilson and Lorne Gertner will remain as directors.

Mr. Rifici and Mr. Alves are stepping down from the corporation at this time to focus their attention on other business ventures they are currently engaged in. The corporation would like to thank them for their service and wishes them well in their future endeavours.

Escrow share transfers

In conjunction with the change of management, it is proposed that an aggregate of 2.4 million escrowed shares currently held by Mr. Rifici, Mr. Alves and a third party seed shareholder will be transferred to the incoming directors and officers.

Disinterested shareholder approval

In addition to exchange approval, the proposed changes of management and escrow transfers require approval by a majority of disinterested shareholders. Shares of the corporation which are held by interested parties to the change of management and escrow share transfers will not be eligible to provide their approval. The company will be seeking disinterested shareholder approval by way of written consent.

About Buzz Capital Inc.

Buzz Capital is a capital pool company pursuant to the policy and, in accordance with the policy, until the completion of its qualifying transaction (as defined in the policy). Buzz Capital's principal business is the identification and evaluation of companies, businesses or assets with a view to completing a qualifying transaction. Investors are cautioned that trading in the securities of a capital pool company is considered highly speculative.

We seek Safe Harbor.