Mr. Mitchell Jackman reports

CULT FOOD SCIENCE UPDATES CONTINUOUS DISCLOSURE RECORD AND PROVIDES CORPORATE UPDATE ON NOOCHIES FOLLOWING OSC STAFF REVIEW

At the request of staff of the Ontario Securities Commission, Cult Food Science Corp. has filed certain material agreements on its SEDAR+ profile that were previously disclosed by the company but not filed, or required correction or clarification.

The company confirms that these filings have been made as part of a continuous disclosure review being conducted by OSC staff and in accordance with OSC Staff Notice 51-711, Refilings and Corrections of Errors.

On May 20, 2025, the company filed on SEDAR+ under project No. 06287904 an intellectual property purchase agreement dated April 28, 2023, together with related intellectual property assignment agreements (including patent, trademark, copyright and related assignments), and a promissory note dated April 28, 2023. These agreements were previously disclosed by the company and have now been formally filed on SEDAR+.

In connection with the filings completed on May 20, 2025, under SEDAR+ project No. 06287904, the company also filed the following material agreements, each of which had previously been disclosed in the company's continuous disclosure record but were not previously filed on SEDAR+:

• Debt settlement agreements (various counterparties) -- agreements settling outstanding trade payables through the issuance of common shares;
• SAFE (simple agreement for future equity) instruments -- investment agreements entered into with certain portfolio companies, including agreements with Novel Farms, Cell Ag Tech, Fiction Foods, Ohayo Valley, Umami, Mogale Meat Co., Biftek Inc. and other counterparties;
• Share exchange and joint venture agreements -- agreements governing equity restructurings and strategic joint ventures with portfolio companies.

In addition, on July 13, 2025, the company filed on SEDAR+ under project No. 06309557 certain additional material consulting, marketing, investor relations and advisory agreements with Triple Bull Consulting Inc., Spark Newswire Inc., Milestone Capital Partners Ltd., Longtable Capital Partners Inc., Binns Holdings Inc. (doing business as Hopefield Advisors), Emerging Markets Consulting LLC and Guerilla Capital, which had previously been disclosed in the company's continuous disclosure record but were not previously filed on SEDAR+.

In addition, on Dec. 29, 2025, the company filed on SEDAR+ under project Nos. 06299893, 06379935 and 06379971, the following forms and material agreements, each of which had previously been disclosed in the company's continuous disclosure record but were not previously filed on SEDAR+:

• Form 51-102F6V, Statement of Executive Compensation -- Venture Issuers, for the years ended Dec. 31, 2024, and Dec. 31, 2023;
• Advisory agreement with Empower Insurance Corp., a company controlled by Russell Starr;
• Debt settlement agreements (various counterparties) -- agreements settling outstanding trade payables through the issuance of common shares.

As a result of these refilings, the company acknowledges that it will be placed on the Ontario Securities Commission's public refilings and errors list for a period of three years, in accordance with OSC Staff Notice 51-711 (Revised), Refilings and Corrections of Errors.

Corporate update on Noochies brand

The company's subsidiary, Further Foods Inc. (FFI), has ceased operations of its Noochies brand of pet food products. FFI has been unable to secure the financing needed to continue operations and therefore has been forced to cease all product sales and business activities. FFI and the company are currently evaluating strategic options for the Noochies brand, including divesting of some or all of the associated assets. The company will provide further updates if any material transaction transpires.

The company's current operations consist of managing its global investment portfolio, which comprises investments in more than a dozen lab-grown meat and cellular agriculture start-ups. The company continues to monitor the performance of its investments, seek liquidity on its investments and to evaluate new potential investments in line with its investment policy. The company looks forward to providing future updates on its investment portfolio as events occur.

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.