Mr. Paul Antoniadis reports

GOOD NATURED PRODUCTS INC. ANNOUNCES $2 MILLION NON-BROKERED PRIVATE PLACEMENT

Good Natured Products Inc. has arranged a non-brokered private placement financing of 33,333,333 units of the company at a price of six cents per unit for aggregate gross proceeds of $2-million. In order to accommodate potential demand from existing and/or new shareholders as outlined below, the offering is also subject to an overallotment option, allowing the company to issue an additional 50 million units for gross proceeds of $3-million.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one common share at an exercise price per warrant share of eight cents for a period of 30 months from the closing of the offering.

The company advises that the offering will be open to existing shareholders that qualify as accredited investors or pursuant to the other available prospectus exemptions under National Instrument 45-106, Prospectus Exemptions, in all provinces of Canada, except Quebec. A minimum subscription amount of $5,000 is required for participation. Please contact the company by e-mail at invest@goodnaturedproducts.com to discuss participating in the offering and the exemptions available for you under existing securities law.

In connection with the offering, the company may pay certain finders a fee comprising cash, finders' warrants or both, based on the proceeds raised from the sale of securities to purchasers introduced to the company by such finders.

The net proceeds of the offering are expected to be used by the company to finance working capital and one-time expenses associated with previously announced cost reduction activities (see news releases dated Feb. 14, 2024, and Feb. 1, 2024).

All securities to be issued pursuant to the above-referenced offering will be subject to a statutory four-month hold period. The offering is subject to a number of conditions, including, without limitation, the approval of the TSX Venture Exchange.

About Good Natured Products Inc.

Good Natured is passionately pursuing its goal of becoming North America's leading earth-friendly product company by offering the broadest assortment of plant-based products made from rapidly renewable resources instead of fossil fuels. The company is focused on making it easy and affordable for business owners and consumers to shift away from petroleum to better everyday products that use more renewable materials, less fossil fuel and no chemicals of concern.

Good Natured offers over 400 products and services through wholesale, direct-to-business and retail channels. From plant-based home organization products to certified compostable food containers, bio-based industrial supplies and medical packaging, the company is focused on making plant-based products more readily accessible to people as a means to create meaningful environmental and social impact.

We seek Safe Harbor.