Mr. Robert Smith reports

TUT FITNESS GROUP APPLIES FOR MANAGEMENT CEASE TRADE ORDER

TUT Fitness Group Inc. has requested a temporary management cease trade order from the B.C. Securities Commission in connection with the company's filing of its audited annual financial statements and management's discussion and analysis for the financial year ended Sept. 30, 2023.

The company is requesting the MCTO to secure additional time to finalize its audited financial statements, the related MD&A, and the applicable chief executive officer and chief financial officer certifications. The delay in filing the annual filings is a result of unexpected delays experienced by the company and the auditor due to additional auditor testing requirements related to the company's patents and inventory analysis in addition to staffing constraints. The company is working with its auditor and accounting team to draft financial statements and respond to all queries. It is the company's reasonable expectation that the annual filings will be finalized on or before March 29, 2024.

By way of background and as required by the BCSC, the company notes the following:

1. The company is required to file its annual filings all in accordance with international financial reporting standards within 120 days after the end of its completed financial year, such date being Jan. 29, 2024, as required by National Instrument 51-102 (Continuous Disclosure Obligations). The company does not anticipate that it will be able to complete the annual filings on or before the annual filing deadline.
2. The company and its auditor are working diligently to prepare and file the annual filings on or before March 29, 2024.
3. The company confirms that it intends to issue a status report on a biweekly basis for as long as it remains in default of the annual filing deadline in respect of the annual filings.
4. The company is not subject to any insolvency proceeds.
5. There is no other material information concerning the affairs of the company that has not been generally disclosed.

The company has imposed an insider trading blackout pending the filing of the annual filings and will comply with the alternative information guidelines described in National Policy 12-203 (Management Cease Trade Orders) during such period.

We seek Safe Harbor.