Mr. Henri Petit reports

EMERGIA INC. ANNOUNCES THE PAYMENT OF INTERESTS IN SHARES

An additional holder of convertible debentures has elected to have his interests paid in shares of Emergia Inc., totalling $26,548, at a price of 25 cents per share based on the market price, as per the convertible debenture agreements dated Oct. 29, 2021, for a total of 106,192 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 units 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.

In addition, two suppliers have elected to have their debt, for a total amount of $75,500, settled in shares at a price of 50 cents per share for a total of 151,000 shares.

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.