An anonymous director reports

ROBERT SMITH FILES EARLY WARNING REPORT

Robert Smith, chief executive officer of TUT Fitness Group Inc., has filed an early warning report with respect to his shareholdings in TUT in connection with the non-brokered private placement announced by TUT on June 7, 2023.

TUT issued 3,111,111 common shares and 1,555,556 share purchase warrants to Mr. Smith on July 21, 2023, at a price of 4.5 cents per unit for an aggregate consideration of $140,000.

After giving effect to the private placement, Mr. Smith now has ownership and control over 4,878,611 common shares of TUT (representing approximately 13.33 per cent of the issued and outstanding TUT common shares), 1,555,556 warrants and 100,000 options of TUT. Assuming exercise of all of the warrants and options, Mr. Smith would have ownership and control over 6,534,167 common shares of TUT representing approximately 17.85 per cent of the issued and outstanding TUT common shares. The acquisition was for investment purposes and Mr. Smith may increase or decrease his beneficial ownership or control depending on market or other conditions.

This news release is being issued in accordance with National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated July 25, 2023. The early warning report in respect of the acquisition has been filed on SEDAR+.