Mr. Henri Petit reports

EMERGIA INC. ANNOUNCES THE PAYMENT OF INTERESTS IN SHARES

The majority of Emergia Inc.'s convertible debentureholders have elected to have their interests paid in shares of Emergia, totalling $74,600, at a price of 25 cents per share based on the market price, as per the convertible debentures agreements dated Oct. 29, 2021, Nov. 29, 2021, and April 8, 2022, for a total of 298,400 shares being issued.

The debentures were bearing interest at the rate of 8 per cent per year, accruing in arrears, payable semi-annually in cash or in Class A common shares of the corporation. The debentures were convertible at the holder's option into unit) of the corporation at a conversion price of 85 cents. Each unit is composed of one share in the capital of the corporation and two warrants of the corporation: (i) a warrant of the corporation entitling the holder thereof to purchase one share at a price of $1.25 per share until Oct. 31, 2023; and (ii) a warrant of the corporation entitling the holder thereof to purchase one share at a price of $1.50 per share until Oct. 31, 2024.

"The fact that debentures holders chose to be paid in Emergia shares, driven by the discount on the stock price in the market compared to its net asset value, which was at $1.68 in the corporation's Q3 2022 financial statements, shows the trust in Emergia's business model," said Henri Petit, president and chief executive officer of Emergia.

About Emergia Inc.

Emergia operates mainly in Canada in the development, acquisition and management of multipurpose real estate, including retail, multifamily, industrial and office buildings, as well as land for future development. The corporation's investment platform is based on an integrated, agile and efficient develop-to-own strategy that enables Emergia to benefit from development profits and the value-add while securing stable long-term returns.

We seek Safe Harbor.