File: Attachment ESSNRMAY03.pdf

Esstra Industries Welcomes Rabih N. Brair as CFO and Announces Board Update

VANCOUVER, BC , May. 3, 2024 - Esstra Industries Inc. ("Esstra" or the "Company") (TSXV: ESS) is pleased to announce the appointment of Rabih N. Brair as Chief Financial Officer ("CFO") and Director, effecQve May 3, 2024 .

Rabih N. Brair, CPA is a highly experienced financial executive with over two decades of expertise in finance, governance, and accounting. As the former Chief Financial Officer of MARS (UAE), a multinational company producing confectionery, pet care, and food products, Mr Brair played a pivotal role in strategically expanding the Company's operations in the Middle East.

His comprehensive skills span corporate and M&A activities, debt and capital markets, operations, financial reporting, and human resources. Mr Brair has a proven track record of successfully negotiating and completing numerous debt and equity deals, fostering and maintaining relationships with international institutions, and leading teams with a focus on collaboration and mentorship.

Mr. Brair has also served as part of senior management and as a director on the board of several companies in the tech sector. With a strong foundation built during his tenure at PriceWaterHouse Coopers LLP., Mr. Brair has been instrumental in overseeing all aspects of finance and legal functions, implementing structural controls, governance, and fiscal policies throughout his career. Mr. Brair holds a Certified Public Accountant designation earned in 2001 and a Bachelor of Commerce degree from Concordia University.

Board Resignation

The Company also announces the resignation of David Atkinson from the Board of Directors and from the position of CFO. We extend our appreciation for his dedication and tireless efforts and wish him continued success in his future endeavors.

About Esstra Industries Inc.

Esstra Industries Inc. is listed on the TSX Venture Exchange and is classified as an "Investment Company" under applicable Exchange policies.

Ms. Virginia Olnick Chief Executive Officer For further information, please contact the Company at:

Tel.: (604) 785-1425 Email: virginia@volnick.com

Reader Advisory

This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.