Mr. Pat Dunn reports

EAT WELL GROUP PROVIDES AUDIT UPDATE AND ANNOUNCES ENGAGEMENT OF ERNST & YOUNG AS M&A ADVISOR

Eat Well Investment Group Inc. has provided an audit update, and has engaged Ernst & Young Orenda Corporate Finance Inc. to be its financial adviser to assist with mergers and acquisitions (M&A) and strategic partnerships.

Progress toward finalizing the company's 2022 audited financial statements remains steady, with completion expected very shortly. The change in basis of presentation from an investment company to an operating company, together with change in year-ends and recasting of comparative numbers, have proven to be more arduous than anticipated. Once the audit is completed an announcement will be made.

Eat Well is pleased to also announce that the company has selected Ernst & Young Orenda Corporate Finance to be Eat Well's exclusive adviser to assist with potential mergers, acquisitions and strategic partnerships, both in North America and internationally.

Ernst & Young's M&A practice stands as a global leader, boasting a network of professionals across key financial hubs worldwide. With expertise spanning diverse sectors including agriculture, health care and technology, and others. Ernst & Young provides sector-specific advice on mergers, acquisitions and divestitures, debt and equity capital markets, and real estate and infrastructure transactions. Ernst & Young also advises on corporate strategy. Ernst & Young bring deep industry knowledge to every transaction to support the corporate finance strategies and priorities.

"We are pleased to announce our selection of Ernst & Young, particularly their food and agribusiness team, which has successfully closed several deals in the food and agricultural or ingredient sectors. This collaboration will assist us in assessing our current relationships, and pinpointing opportunities to enhance shareholder value and expand our business operations. With EY's extensive expertise, global network and proven track record in the agricultural sector, we anticipate leveraging these strengths to drive substantial growth. We sincerely appreciate our shareholders' ongoing patience as we navigate this transition from an investment issuer to an operating entity," commented Pat Dunn, chief financial officer and director of the company.

"We're thrilled to support Eat Well and contribute our extensive experience, deep network and resources in the global food and agribusiness sector to unlock new opportunities and help to enhance stakeholder value," remarked Yasser Waly, senior vice-president of Ernst & Young Corporate Finance Canada.

About Eat Well Investment Group Inc.

Eat Well Group is a Canadian-based company leading the way in the future of sustainable, plant-based foods, and has been at the forefront of processing, distributing and marketing premium-quality plant-based ingredients. Operating with intellectual-property-driven facilities in North America, it distributes to over 30 countries worldwide. With a talented leadership team and over 100 years of collective experience, it takes pride in its award-winning business, feeding families globally every day.

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