An anonymous director reports

BZAM ANNOUNCES STOCK OPTION GRANTS

BZAM Ltd. has granted options to purchase an aggregate of up to 105,000 common shares to certain employees of the company. Each option is exercisable into one common share at an exercise price per common share equal to 14 cents. The options vest as to one-third of the total number of options granted on each of the first, second and third anniversaries of the grant date, and expire five years from the grant date. The options are granted in accordance with the company's share option plan adopted by the board of directors of the company on May 12, 2021.

A copy of the option plan is available under the company's SEDAR+ profile.

About BZAM Ltd.

BZAM is a leading Canadian cannabis producer with a focus on branded consumer goods, innovation, quality, consistency, integrity and transparency. The BZAM family includes core brands BZAM, TGOD, ness, Highly Dutch Organic and Table Top, and partner brands Dunn Cannabis, Fresh and Wyld. BZAM operates facilities in British Columbia, Alberta, Ontario and Quebec, as well as a retail store in Regina, Sask.

BZAM's common shares and certain warrants issued under the indentures dated June 12, 2020, Oct. 23, 2020, and Dec. 10, 2020, currently trade on the Canadian Securities Exchange under the symbols BZAM, BZAM.WR, BZAM.WA and BZAM.WB, respectively. BZAM's shares trade in the United States on the OTCQX under the symbol BZAMF.