Mr. Stuart Lowther reports

ELEMENT NUTRITIONAL SCIENCES ANNOUNCES REJUVENATE NOW AVAILABLE AT ALL SAM'S CLUB ACROSS THE UNITED STATES

Element Nutritional Sciences Inc.'s Rejuvenate ready-to-drink organic plant protein beverage is now available at all 589 Sam's Club locations. Rejuvenate has also been available on the Sam's Club e-commerce platform in the United States since July, 2021. Founded in 1983, Sam's Club is a wholly owned subsidiary of Walmart in the United States and Puerto Rico, in addition to locations in Brazil, China and Mexico. For the fiscal year ended Jan. 31, 2021, Sam's Club's total revenue was $64-billion.

"In the last two years, Element's growth was driven by sales to the two largest pharmacies in the United States, CVS and Walgreens. We are now making inroads with grocers and other large retailers like Sam's Club, where we plan to gain traction both on-line and at traditional retail locations. We feel that we are still very early in our growth trajectory given the total remaining addressable market, our ability to drive velocity quickly with our retail partners and the clear benefits of Rejuvenate helping to improve muscle health for its consumers," said Stuart Lowther, chief executive officer.

Service agreements

The company has also entered into advertising agreements with Future Money Trends LLC and Sideways Frequency LLC, arm's-length parties to the company, to provide advertising, digital marketing, investor relations and brand visibility in connection with the company's continuing effort to increase awareness. The company has agreed to compensate Future Money Trends with $400,000 (U.S.) for services provided over a six-month term, commencing in January, 2022, and Frequency with $150,000 (U.S.) for services provided over a three-month term, commencing in November, 2021. The company and Future Money Trends act at arm's length, and neither Frequency, nor Future Money Trends has any present equity interest, directly or indirectly, in the company or its securities.

About Element Nutritional Sciences Inc.

Element is an innovative and research-driven Canadian nutraceutical company specializing in the development of science-based products for the global consumer packaged goods market, with a portfolio focused specifically on men and women over the age of 50. Element's lead product, Rejuvenate, is a proprietary formulation that is clinically proven to assist in the rebuilding, restoration and rejuvenation of natural loss of muscle mass due to aging or other medical conditions. Element also offers Jaktrx, an elite brand of performance supplements. Element was founded in 2015 and is located in Burlington, Ont.

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