Mr. Roy Sebag reports

MENE INC. ANNOUNCES APPOINTMENT OF NEW PRESIDENT & CHIEF EXECUTIVE OFFICER

Mene Inc. has appointed Vincent Gladu has been appointed President & Chief Executive Officer of the Company. Roy Sebag, who has served as the Company's Chief Executive Officer since founding Mene in 2017 will be resigning from his position and transitioning to the role of Executive Chairman of Mene's Board of Directors.

Vincent brings over 20 years of operational, sales and managerial experience in a variety of fields, including manufacturing, product design, technology commercialization, financial services and B2B/B2C eCommerce. Prior to joining Mene, Vincent was Vice President at goeasy Ltd., a publicly traded consumer lender, where he built and grew the company's online and brick & mortar Point-Of-Sale business.

Statement from Roy Sebag

In the six years since founding Mene, we have ardently pursued our mission to disrupt the western jewelry industry. Starting with the premise that consumers would recognize the inherent value proposition of pure gold jewelry sold transparently by weight, we at Mene have thoughtfully constructed the brand and business one year at a time. Mene was built as a vertically integrated business from the ground up, from the foundations of artistic design and craftsmanship to the infrastructure of distribution, to offer customers the unique opportunity to buy intrinsically valuable and artistically meaningful jewelry in a direct-to-consumer fashion. The result has been a globally successful business that has produced cumulative revenues of $107,759,891, selling over 131,209 units of jewelry to customers in 70 countries, and registering over 37,000 positive reviews.

Vincent and I met serendipitously, outside of the executive search process that Mene had initiated two years ago. He struck me as a unique executive with interdisciplinary experience in direct-to-consumer businesses, having materially scaled goeasy's Point-Of-Sale business. In addition, his industrial and product design background provided an essential element in my decision, precisely because Mene is not just a digital business, but is very much steeped in the production of physical objects that require capital and craftsmanship. Most of all, it was Vincent's passion for the concept, his appreciation of the value proposition, and his vision for the brand that moved me to see him as our new CEO. From the first of our conversations, we both saw the company's long-term potential and its current market share as being in its infancy.

Vincent is the leader that Mene needs at this stage of the Company's life. What is required over the next 3-5 years is a disciplined operational focus and a refreshed go-to-market strategy that will allow the business to scale and reach more consumers who are inspired by our jewelry and its intrinsic value. Vincent has been working by my side as Interim Chief Operating Officer to Mene since the Spring of 2023. During that time, we have crafted a detailed 3-year strategic plan for the business that I believe is quite realistic. Some of the work outlined in this plan has already begun as we look to position Mene for sustained, profitable growth.

I look forward to continuing to serve in my role as an active Executive Chairman and Board Member of Mene and, as the largest individual shareholder, I will continue to provide guidance to the new management team. I feel truly optimistic and invigorated by this decision.

Statement from Vincent Gladu

I am both thrilled and honoured to be joining the Mene team and to continue working on the long-term growth of the Company. In my conversations with Roy, I've come to recognize not only the tremendous amount of work that's been put in to build Mene into a global luxury brand but also how important the ethos it embodies is to Roy and the Company as a whole. It's on those precepts that I intend on building the foundations of my leadership at Mene and our renewed approach to growth over the next several years.

Incentive Grants

In connection with his appointment, Vincent Gladu has been granted i) 7,469,437 incentive stock options (the "Options") exercisable into the equivalent number of Class B shares at a price of CAD$0.43 per Class B share for a period of 10 years, subject to vesting conditions, and ii) 3,000,000 restricted share units ("RSUs") exercisable into the equivalent number of Class B shares, subject to vesting conditions to Mr. Gladu.

The Options and RSUs were granted pursuant to the Company's Stock Option Plan and Restricted Share Unit Plan, as applicable, and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange.

About Mene Inc.

Mene crafts pure 24 karat gold and platinum jewelry that is transparently sold by gram weight. Through mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Mene was founded by Roy Sebag and Diana Widmaier-Picasso with a mission to restore the relationship between jewelry and savings. Mene empowers consumers by marrying innovative technology, timeless design, and pure precious metals to create pieces which endure as a store of value.

We seek Safe Harbor.