Mr. Robert Smith reports

TUT FITNESS ANNOUNCES SHARE CONSOLIDATION

TUT Fitness Group Inc.'s board of directors has approved the implementation of the consolidation of its issued and outstanding common shares on the basis of 10 old shares for one new share, subject to approval by the TSX Venture Exchange. Neither the company's name nor its trading symbol will change in connection with the consolidation. The consolidation is expected to become effective on or about May 8, 2024.

As a result of the consolidation, the 36,605,349 common shares which were previously issued and outstanding are reduced to approximately 3,660,536 shares. No fractional shares will be issued under the consolidation; if a shareholder becomes entitled to receive a fraction of a common share, such fractional shares, if less than one-half, will be rounded down to zero and, if equal to or greater than one-half, will be rounded up to one and added to the number of shares held by such shareholder.

The new Cusip will be 90109P204 and the new ISIN will be CA90109P2044 for the postconsolidation shares.

We seek Safe Harbor.