Mr. Jeff Ciachurski of Captiva Verde reports

CAPTIVA ANNOUNCES SETTLEMENT OF SAGE RANCH OPTION AND JOINT VENTURE AGREEMENT WITH GREENBRIAR CAPITAL CORP.

Captiva Verde Wellness Corp. and Greenbriar Capital Corp. have tentatively agreed on a settlement of the Sage Ranch option and joint venture agreement. Pursuant to the terms of the option and joint venture agreement, Captiva Verde would earn a 50-per-cent net profit interest in Sage Ranch by:

1. Captiva Verde paying Greenbriar a cash payment of $112,500 (Captiva Verde satisfied this payment in 2018 under the terms of the sale agreement);
2. Captiva Verde issuing Greenbriar common shares (Captiva Verde satisfied this payment in 2018 through the issuance of 10,687,500 common shares under the terms of the sale agreement);
3. Captiva Verde financing the applicable permitting and development costs for the Sage Ranch project (Captiva Verde is in default on such financing obligations as no financing has been provided since November, 2021).

Greenbriar and Captiva Verde have agreed that Greenbriar will pay Captiva Verde 10 per cent of Sage Ranch's net profit per year until the $5,591,588 that Captiva Verde has spent on the property is repaid. Subsequent to the amount being repaid, Captiva Verde will no longer have any further interest in the Sage Ranch project.

We seek Safe Harbor.