Mr. John Celenza reports

CIZZLE BRANDS CORPORATION ANNOUNCES FILING OF FORM F-10 REGISTRATION STATEMENT WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION AND INTENTION TO LIST ON A U.S. EXCHANGE; APPOINTS FINANCE & GOVERNANCE VETERAN DOMINIC SCARANGELLA TO BOARD OF DIRECTORS

Two important milestones have supported Cizzle Brands Corp.'s continued growth: (i) the filing of a registration statement on Form F-10 with the U.S. Securities and Exchange Commission, together with the company's intention to list its common shares on a national securities exchange in the United States; and (ii) the appointment of Dominic Scarangella, a senior financial executive and corporate director with more than 45 years of experience across finance, audit, retail, manufacturing, and mergers and acquisitions, to the company's board of directors, effective Aug. 19, 2026.

The company has filed the registration statement with the SEC under the multijurisdictional disclosure system established between Canada and the United States. The MJDS permits eligible Canadian issuers to register securities in the United States using disclosure documents prepared principally in accordance with Canadian securities requirements, allowing the company to satisfy a significant portion of its U.S. registration and reporting obligations using the continuous disclosure record it already prepares for Canadian securities regulatory authorities.

In connection with the registration statement, the company has applied to list its common shares on a national securities exchange in the United States. The registration statement is available through the SEC's Electronic Data Gathering, Analysis and Retrieval system, commonly known as EDGAR. The company's Canadian continuous disclosure documents are available under its issuer profile on SEDAR+.

The United States is the largest sports nutrition market in the world, and it is where an increasing share of Cizzle's growth is coming from. Earlier this year, Cwench Hydration launched in the United States at 109 Target stores and on the Target website the brand's first major U.S. retail listing and the platform for a broader U.S. retail rollout. Cwench Hydration is now carried in over 6,900 locations across Canada, the United States and Europe, and continues to build its U.S. sports footprint through partnerships, including with USA Hockey and the New York State Amateur Hockey Association.

In its fiscal third quarter of 2026, the company reported record revenue, up 253 per cent year over year, and delivered its first quarter of positive adjusted earnings before interest, taxes, depreciation and amortization, its first full period operating as an integrated platform following the acquisition of the Cwench Hydration Factory, where the company's largest client is Anheuser-Busch following Anheuser-Busch's acquisition of BeatBox. The U.S. listing is intended to broaden access to U.S. institutional and retail investors, improve trading liquidity, and raise the company's profile in the market where a growing share of its business is being built.

The U.S. listing remains subject to the registration statement being declared effective by the SEC, the approval of the applicable U.S. national securities exchange, and the satisfaction of all applicable listing, regulatory and corporate requirements. There can be no assurance as to whether or when the registration statement will be declared effective, whether a listing application will be approved, or on what terms or timeline a U.S. listing may be completed. The company's common shares will continue to trade on Cboe Canada under the symbol CZZL.

Dominic Scarangella appointed to the board of directors

Cizzle Brands is also pleased to announce the appointment of Mr. Scarangella to its board of directors, effective Aug. 19, 2026. Mr. Scarangella is a chartered professional accountant and corporate director with more than 45 years of experience across finance, audit, retail, manufacturing, and mergers and acquisitions, including three decades as a senior financial executive of a major publicly traded Canadian retailer. He will serve as a member of the company's audit committee.

Mr. Scarangella began his career at PriceWaterhouse in the 1970s, where he obtained his CA and CPA designations. He subsequently moved into the manufacturing sector as vice-president, finance, with a number of international organizations, developing deep expertise in distribution and commerce.

Mr. Scarangella then joined Leon's Furniture Ltd., where he spent the next 30 years of his career. As a senior financial executive, he played a major role in building the company from a $200-million retail operation into a $3-billion operation, leading both organic growth initiatives and a sustained program of mergers and acquisitions. He also served on various boards within the organization before retiring in 2018. Mr. Scarangella subsequently obtained his ICD.D designation from the Institute of Corporate Directors at the University of Toronto's Rotman School of Management.

Mr. Scarangella later came out of retirement to serve as chief operating officer of Artisan Complete, where he led the redesign of the business strategy to improve profitability and, having achieved that objective, took the lead role in the successful sale of the business, which was concluded in January, 2020.

Management commentary

"Cizzle was built to compete at the highest level, and, today, we are taking that ambition to the biggest stage in our industry," said John Celenza, founder, chairman and chief executive officer of Cizzle Brands. "The United States is the largest sports nutrition market in the world. It is where Cwench is starting to win shelf space, and it is where the next phase of our growth will happen. Filing our Form F-10 is the first step in making sure our shareholder base and our access to capital match the size of that opportunity. A U.S. listing would put Cizzle in front of a far deeper pool of investors, improve liquidity for our shareholders, and give us the currency and the visibility to keep building a category-leading platform.

"We are equally excited to welcome Dominic Scarangella to our board of directors," continued Mr. Celenza. "Dominic spent 30 years helping take Leon's from a $200-million business to a $3-billion business. He has lived the exact journey we are on: scaling a business through disciplined growth, acquisitions and the reporting standards that come with the public markets. Very few people can bring that kind of bench strength to a company at our stage, and we are fortunate to have him in our corner as we grow our manufacturing platform and accelerate our growth in the United States."

"Cizzle Brands has built something rare for a company of its size: brands that consumers are genuinely pulling off the shelf, paired with the manufacturing capacity to supply them," said Mr. Scarangella. "I spent my career helping companies grow more than tenfold, and I know what disciplined, durable growth looks like from the inside. Cizzle has the brands, the platform and the ambition. I am looking forward to working with John and the board to help take this company to the next level in the United States and beyond."

About Cizzle Brands Corp.

Cizzle Brands is a vertically integrated sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several sports, Cizzle Brands has launched three game-changing brands: (i) Cwench Hydration, a better-for-you sports drink that is now carried in over 6,900 locations in Canada, the United States and Europe; (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport qualification; and (iii) HappiEats, upgrading everyday eats with high performance foods such as Sport Pasta and SnakStars Sport Bites. It also owns and operates the Cwench Hydration Factory, a manufacturing facility that produces Cwench Hydration and other leading beverage brands in Tetra Pak packaging. All Cizzle Brands products are designed to help people of all ages achieve their best in competitive sports and in living a healthy, vibrant, active lifestyle.

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