Mr. Lawrence Hay reports

GOAT INDUSTRIES ANNOUNCES FINANCING AND DEBT SETTLEMENT

Goat Industries Ltd. has arranged a non-brokered private placement consisting of up to 11,615,384 units of the company, at a price of 6.5 cents per unit, to raise up to $755,000. Each Unit will consist of one (1) common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will be exercisable into to acquire one (1) Common Share (each, a "Warrant Share") at a price of $0.085 per Warrant Share for a period of two (2) years after the closing date the Private Placement (the "Closing Date"), subject to adjustment in certain events.

The Units sold pursuant to the Private Placement shall be subject to a four-month-and-one-day hold period and will be offered in all Canadian provinces pursuant to the Accredited Investor Exemption under NI 45-106 and in such other jurisdictions that will be determined by the Company.

The Company intends to use the net proceeds from the Private Placement for general working capital, the re-payment of certain outstanding loan obligations, to advance its primary business objective of identifying and investing into businesses that may result in a return on investment for shareholders and to support operational and administrative expenses.

The Company may pay finder's fees under the Private Placement as permitted by the policies of the CSE and applicable securities laws.

The Company also advises that its board of directors has approved the settlement of $148,403 in debt (the "Debt Settlement") through the issuance of 2,283,120 Units of the Company to creditors for outstanding promissory notes. The Units will be issued on the same terms and condition as the Private Placement and will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue. The Company agreed to satisfy this outstanding indebtedness with Units to preserve the Company's cash for working capital.

Pursuant to CSE Policy 4 Section 4.6(2) Sale of Securities, the Company will not be required to seek security holder approval for completion of the Private Placement and Debt Settlement due to the Company being in serious financial difficulty. No related parties will be participating in the Private Placement or Debt Settlement. The Company's independent directors have also determined that the Private Placement and Debt Settlement are in the best interests of the Company and reasonable based on the Company's current financial circumstances in order keep the Company solvent; the Company's independent directors have determined that a rights offering to existing securityholders on the same terms would not be feasible to complete.

The Private Placement and Debt Settlement are expected to close concurrently on or about November 16, 2023, subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals.

ABOUT GOAT INDUSTRIES

Goat Industries is an investment issuer focused on investing in high-potential companies and assets operating across a variety of sectors. The paramount goal of the Company will be to generate maximum returns from its investments.

We seek Safe Harbor.