(via TheNewswire)

Toronto, Ontario - TheNewswire - Eyecarrot Innovations Corp (TSXV:EYC), announces that it is in advance settlement discussions (the "Advanced Settlement") with the former dissident shareholder of the Company (the "Dissident Shareholder") and that there has been a stay of legal proceedings with the shareholder. Both parties have been in extensive discussions and are working to an amicable solution for all parties involved in order to allow the company to continue to build shareholder value.

As part of the settlement, the company has paid the shareholder $500,000 as a show of good faith that a solution could be met in a timely manner. As the company continues to progress with commercialization of its Binovi Platform, it is working to finalize complete settlement and closure to the proceedings.

"We are working diligently to complete a final settlement and look forward to focusing on the continued growth of Eyecarrot as we continue to create value for our shareholders." said Adam Cegielski, Eyecarrot Founder and CEO.

About Eyecarrot Innovations Corp (EYC)

Eyecarrot is a human performance technology company that has developed Binovi, a hardware and software-centered platform. Binovi combines hardware, software, specialized expert knowledge, and unique big data insights in order to deliver customized one-on-one training and treatment. Binovi is designed for vision optimization and the enhancement of skills related to human performance. We are working together under a common banner to help neuro-optometry, vision rehabilitation, and vision performance professionals gain measurable results in less time, and with less effort.

On behalf of the Board of Directors

Adam Cegielski

President | CEO

Investor Relations

Email: invest@eyecarrot.com

Toll-free: 1 (844) 866-6162

https://www.eyecarrot.com/investors/

Forward looking information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations, and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com . The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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