Mr. Jeffrey Hasham reports

REDISHRED CAPITAL CORP. ANNOUNCES NEW STOCK OPTION GRANTS

Redishred Capital Corp. has granted options to the officers of the company to purchase an aggregate number of common shares as set forth below.

As part of its 2022 compensation program, effective May 29, 2023, Redishred has granted 135,301 stock options to the officers of the company at a price of $3.81, with one-fourth of the options vesting on each of the first-, second-, third- and fourth-year anniversaries from the date of grant. The stock option grants have a term of five years, expiring on May 28, 2028.

About Redishred Capital Corp.

Redishred 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 grants Proshred and Proscan franchise businesses in the United States and by way of licence arrangement in the Middle East. Redishred 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.