Mr. Jeffrey Hasham reports

REDISHRED CAPITAL CORP. ANNOUNCES NEW STOCK OPTION GRANTS

Redishred Capital Corp. has granted options to non-management directors of the company as part of their board compensation. The options are to purchase an aggregate of common shares as set forth as follows.

Effective Feb. 3, 2023, Redishred has granted 74,039 stock options at an exercise price of $3.89. The options vest equally over the next four years on each anniversary date of the grant and have a term of five years, expiring on Feb. 3, 2028.

About Redishred Capital Corp.

Redishred Capital is the owner of the Proshred, Proscan and secure e-cycle brands, trademarks and intellectual property in the United States. Redishred digitizes, secures, shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. Redishred is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2015 certification. It is Redishred's vision to be the system of choice in providing digital retention, secure shredding and recycling services on a global basis. Redishred Capital grants Proshred and Proscan franchise businesses in the United States and by way of licence arrangement in the Middle East. Redishred Capital also operates 15 corporate businesses directly. The company's plan is to grow its business by way of both franchising and the acquisition and operation of information security businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.