Mr. Marc Aneed reports

EAT WELL INVESTMENT GROUP INC. PROVIDES MANAGEMENT CEASE TRADE ORDER UPDATE PER NATIONAL POLICY 12-203

Eat Well Investment Group Inc. is providing an update with respect to its previously announced management cease trade order issued by the company's principal regulator, the B.C. Securities Commission, on May 2, 2023.

The company and its auditor continue to work diligently to complete and file the audited annual financial statements and related management's discussion and analysis for the financial year ended Dec. 31, 2022, and associated certifications of the company's chief executive officer and chief financial officer. As previously announced, the company and its auditor have determined that the audited comparative financial statements of the company for the financial year ended Dec. 31, 2022, will be prepared on a consolidated operating company basis, which has resulted in certain additional delays. For further details regarding such change in accounting treatment, please see the company's news release dated May 23, 2023, which is available on the company's SEDAR profile.

As previously announced, pursuant to the MCTO, the chief executive officer and chief financial officer of the company may not trade in securities of the company until such time as the company files the required filings and the BCSC revokes the MCTO. The MCTO does not affect the ability of other shareholders of the company to trade in securities of the company.

The company is providing this biweekly default status report in accordance with National Policy 12-203 (Management Cease Trade Orders). Until such time as the company files the required filings and the MCTO has been revoked, the company intends to follow the provisions of the alternative information guidelines set out in NP 12-203, including the issuance of biweekly default status reports in the form of news releases.

Pursuant to the provisions of the alternative information guidelines specified in NP 12-203, the company confirms that, as of the date of this news release: (a) there have been no material changes to the information contained in the default announcement issued on May 2, 2023, that would reasonably be expected to be material to an investor; (b) there have been no failures by the company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement; and (d) there is no other material information concerning the affairs of the company that has not been generally disclosed.

About Eat Well Investment Group Inc.

Eat Well is a publicly traded company primarily focused on the agribusiness, food technology, plant-based and ESG (environmental, social and governance) sectors. Eat Well's management team has an extensive record of sourcing, financing and building successful companies across a broad range of industries.

We seek Safe Harbor.