Mr. Mitchell Jackman reports

CULT FOOD SCIENCE ANNOUNCES DEBT SETTLEMENT

Cult Food Science Corp. has agreed to settle a certain debt with an arm's-length creditor.

Pursuant to the debt settlement, the company will provide a cash payment of $30,000 and issue 10 million common shares of the company at a deemed price of one cent per share. The shares will be issued as free-trading securities, in reliance on Section 2.24 of National Instrument 45-106 -- Prospectus Exemptions.

The board of directors has determined that completing the debt settlement is in the best interests of the company as it will preserve cash for working capital purposes and strengthen the company's balance sheet.

About Cult Food Science Corp.

Cult Food Science is a disruptive food technology investment platform focused on making investments to pioneer the commercialization of lab grown meat and cellular agriculture to reshape the global food industry. The company's investments may include the acquisition of equity, debt, or other securities of publicly traded or private companies or other entities, financing in exchange for predetermined royalties or distributions, and the acquisition of all or part of one or more businesses, portfolios or other assets. The company also provides operational, advisory and commercialization support to select companies in its portfolio, including collaboration in launching new consumer brands and products. The company's objective is to reshape the global food system while enhancing long-term shareholder value through active stewardship and innovation.

We seek Safe Harbor.