Mr. Raymond Lai reports

MAPLE LEAF GREEN WORLD INC. SIGNS LOI WITH ANZA ELECTRIC CO-OP FOR RENEWABLE ENERGY PROJECT

Maple Leaf Green World Inc. signed a letter of intent on June 12, 2023, with Anza Electric Co-Op (AEC) for a renewable energy project on its 18-acre property in Anza, Calif. This momentous agreement signifies a significant step forward for the company in advancing clean and sustainable energy generation in the Anza region.

The collaborative project aims to harness the power of solar and wind energy through the installation of high-efficiency solar panels and mid-size wind turbines on the company's 18-acre property in Anza. The company, with the support of AEC, aims to revolutionize the region's renewable energy landscape.

Under the terms of the LOI, the renewable energy project will initiate with a pilot phase, encompassing annual energy production of up to one megawatt. The pilot phase will also involve activities such as permitting, site preparation and cleanup, and infrastructure upgrade by AEC to support the project's operations. Upon successful implementation and performance, the project will progress to subsequent phases, expanding the property's annual energy generation capacity from one megawatt to three megawatts and beyond three megawatts in phase 3. The actual energy generation capacity will be dependent on the varying solar availability and wind speeds on the property. A power purchase agreement (PPA) will be put in place within three months between the company and AEC to firm up the purchase price and the terms and conditions related to the sale of electricity, duration, pricing structure and other relevant provisions.

About Maple Leaf Green World Inc.

Maple Leaf is a public Canadian company that is focused on the health and wellness industry in North America and China. With a strong commitment to promoting holistic well-being and sustainable practices, Maple Leaf is dedicated to driving positive change in the industry. The company's portfolio includes a plant-based health and wellness project in Southern California, an essential oil project in China and investments in renewable energy initiatives. With a long-term vision to expand its renewable energy portfolio, Maple Leaf aims to contribute to a greener and more sustainable future. The company's common shares are listed for trading on the Canadian Securities Exchange under the symbol MGW and on the OTCQB market under the symbol MGWFF.

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