File: Attachment 2025-05-14 Modern Plant news release - PP.pdf

MODERN PLANT-BASED FOODS INC. 700 W Georgia St #2500, Vancouver, BC V7Y 1B3

MODERN PLANT BASED FOODS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR $230,000

VANCOUVER, BC, May 14, 2025 - Modern Plant Based Foods Inc., (CSE: MEAT) ("Modern Plant Based Foods") or (the "Company"), The company announces it will be arranging a non-brokered private placement offering of up to 3,066,665 Units (each a "Unit") at a price of $0.075 per Unit for gross proceeds of up to $230,000.

Each Unit will consist of one common share and one transferrable common purchase warrant. Each full warrant will be exercisable into one common share of the Company at a price of $0.10 per warrant having an expiry of 24 months from the date of issuance.

The proceeds raised from this offering will be used by the Company for general working capital purposes, further acquisitions, and developing the Company. Finder's fees may be paid, as permitted under CSE policies and applicable securities laws.

For further information, please contact: Avtar Dhaliwal Chief Executive Officer investors@modernfoods.ca

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation that are not historical facts.

This news release includes certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the Company and the Company's business and prospects; the Company's objectives, goals or future plans; the Company's sales growth, planned expansion, awareness of the Company's brands, future sales and revenue growth, the availability of Modern Meat Products through GFS, and the business, operations, management and capitalization of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; local and global market and economic uncertainties arising in respect of the COVID-19 pandemic; litigation, availability of key product ingredients, legislative, environmental and other judicial, regulatory, political and competitive developments; the ability to effectively expand manufacturing and production capacity; the ability to obtain retail partners to distribute Company products, the success of market initiatives and the ability to grow brand awareness; the ability to attract, maintain and expand relationships with key strategic restaurant and food service partners; our ability to predict consumer taste preferences; delay or failure to receive regulatory approvals; the sufficiency of our cash to meet liquidity needs; those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Accordingly, the forward-looking statements discussed in this release may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.