Mr. Mark Silver reports

EDDY SMART HOME SOLUTIONS LTD. ANNOUNCES FILING OF ANNUAL FINANCIAL STATEMENTS AND CEASE TRADE ORDER

The Ontario Securities Commission has issued a failure-to-file cease trade order pursuant to National Policy 11-207 (Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions) dated July 7, 2023, in respect of the securities of the company, as a result of the company's inability to file its: (i) audited annual financial statements for the year ended Dec. 31, 2022; (ii) management's discussion and analysis relating to the audited annual financial statements for the year ended Dec. 31, 2022; (iii) chief executive officer and chief financial officer certifications of annual filings for the year ended Dec. 31, 2022; (iv) interim financial statements for the period ended March 31, 2023; (v) management's discussion and analysis for the period ended March 31, 2023; and (vi) CEO and CFO certification of interim filings for the period ended March 31, 2023.

As previously disclosed, the company's audit has taken longer than anticipated as a result of a number of transactions and other factors in 2022, including the company's public listing, growth in contracted revenues and an acquisition.

This evening, the company filed the annual documents on the company's SEDAR profile. The company expects to file the interim documents on or about Aug. 10, 2023, in accordance with National Instrument 51-102 (Continuous Disclosure Obligations).

The FFCTO prohibits the trading by any person of any securities of the company in each jurisdiction in Canada in which the company is a reporting issuer, including trades in the company's common shares made through the TSX Venture Exchange, for so long as the FFCTO remains in effect. However, the FFCTO provides an exception for beneficial securityholders of the company who are not currently (and who were not as of July 7, 2023) insiders or control persons of the company and who sell securities of the company acquired before July 7, 2023, if both of the following conditions are satisfied: (i) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (ii) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The FFCTO also revoked the management cease trade order that had been previously issued by the OSC on May 2, 2023, with such revocation being effective as of July 7, 2023.

There is no assurance that the company will be able to remedy its filing default in respect of the interim documents and have the FFCTO lifted in a timely manner or at all.

The company is not currently subject to any insolvency proceedings. The company also confirms that there is no other material information concerning the affairs of the company that has not been generally disclosed as of the date of this press release.

About Eddy Smart Home Solutions Ltd.

Eddy Smart is a North American provider and developer of residential and commercial smart water metering products and monitoring services, helping property owners protect, control and conserve water usage by combining water sensing devices with behavioural learning software.

We seek Safe Harbor.