Mr. Michael Diao reports

ELEMENT LIFESTYLE ANNOUNCES BOARD CHANGE

Teresa Sun has resigned as a director and corporate secretary of Element Lifestyle Retirement Inc., effective July 3, 2024.

Element chief executive officer Michael Diao commented: "Teresa has been with the company since it went public in 2015. She was involved in virtually all facets of developing our flagship project Opal by Element. We thank her for all of her efforts and wish her the best in the future."

About Element Lifestyle Retirement Inc.

Element was established in June, 2013, in Vancouver, B.C. It is in the business of providing specialized development expertise and flexible, innovative management services for senior retirement communities. The core business of Element is the development and management of third party assets in the senior retirement community space. Element aspires to be one of the most respected senior living specialists in North America, emphasizing the continuum-of-lifestyle model, which encompasses a smooth, seamless transition for seniors from independence to assisted living to complex care. The management team of Element has over 20 years of experience developing and operating retirement communities.

We seek Safe Harbor.