Mr. Stephen Brown reports

FTI FOODTECH ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF SHARES AND UNITS AND AMENDMENT TO OFFERING DOCUMENT

FTI Foodtech International Inc. has closed the first tranche of its previously announced non-brokered private placement of 2.1 million common shares in the capital of the company at a price of 20 cents per share for gross proceeds of $420,000.

The company has also closed the first tranche of the concurrent non-brokered private placement of 3,912,500 units at 20 cents per unit, for gross proceeds of $782,500 (the concurrent offering). Each unit consists of share and one share purchase warrant. Each warrant will be exercisable to acquire an additional share at a price of 35 cents per warrant share for a period of 60 months after the closing date of the offering subject to accelerated expiry upon 15 days of notice by the company in the event that the shares close at or above 60 cents on the TSX Venture Exchange for 10 consecutive trading days. The units offered under the concurrent offering will be sold pursuant to other applicable prospectus exemptions contained in National Instrument 45-106. The shares and warrants underlying the non-LIFE (listed issuer financing exemption) units are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The company also announces that it has filed an amendment to the offering document filed on April 4, 2025, relating to the offering and concurrent offering, pursuant to which the initial terms of the warrants have been amended.

In connection with the offering and concurrent offering, the company paid arm's-length finders an aggregate of $84,175 and issued an aggregate of 420,875 warrants, representing 7 per cent of the proceeds raised from those purchasers introduced by such finders, and 7 per cent of the total number of units sold to investors introduced by such finders, which provide that such finders may acquire common shares of the company at a price of 20 cents per finder warrant share for a period of 12 months from the date of issuance.

The company intends to use the net proceeds from the offering and the concurrent offering for development of its business operations, including a retail and barter e-commerce platform, expected product acquisitions, marketing research and strategies, development of new products, and for general working capital.

The company expects to close the second and final tranche of the offering and concurrent offering on or around May 19, 2025.

About FTI Foodtech International Inc.

The company is focused on developing an innovative retail and barter e-commerce platform for products that address challenges and promote sustainability within the cosmetic, skin care, wellness, health and industrial products industries. FTI is committed to delivering high-quality, reliable products and solutions that meet the evolving needs of its clients worldwide.

We seek Safe Harbor.