Mr. Raymond Lai reports

MAPLE LEAF GREEN WORLD INC. DELAY IN FILING FINANCIAL YEAR 2023 YEAR-END FINANCIAL STATEMENTS AND MD&A DUE TO CHANGE OF AUDITOR

Further to the news release dated March 22, 2024, relating to a change of auditor, Maple Leaf Green World Inc. will be unable to meet the filing deadlines of April 29, 2024, for filing of the following continuous disclosure documents:

• The company's annual audited financial statements for the year ended Dec. 31, 2023, as required by Section 4.2 of National Instrument 51-102 (Continuous Disclosure Obligations);
• The company's management's discussion and analysis for the year ended Dec. 31, 2023, as required by Section 5.1(2) of NI 51-102;
• The certification of the required documents for the year ended Dec. 31, 2023.

The delay is the result of:

• Paul J. Rozek Professional Company, chartered professional accountant, notifying the company on Feb. 28, 2024, that he cannot feasibly do the audit of Maple Leaf Green due to an undertaking with CPA Alberta;
• Time taken to engage GTA Accounting Professional Company, chartered professional accountants, as the new auditor;
• Commencement of audit fieldwork by the successor auditor.

In response to the required document delay, the company has applied to the company's principal regulator, Alberta Securities Commission, for a management cease trade order under National Policy 12-203 (Management Cease Trade Orders) that will prohibit the management of the company from trading in the securities of the company until such time as the required documents are filed. No decision has yet been made by the Alberta Securities Commission on this application. The Alberta Securities Commission may grant the application and issue the MCTO, or it may impose an issuer cease trade order if the required documents are not filed in a timely fashion.

The company continues to work to complete the company's annual financial statements and expects to file the required documents as soon as they are available, but in any event no later than June 15, 2024, and will issue a news release once the required documents have been filed. Maple Leaf Green has made all efforts and allocated all available resources to the preparation, completion and filing of the required documents. Until the company files the required documents, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the company to issue biweekly default status reports, in the form of news releases, for so long as the required documents have not been filed.

Until the company has filed the required documents, members of the company's management and other insiders are subject to an insider trading blackout policy as per its internal insider trading policy that is consistent with the principles in National Policy 12-203, Section 9, Alternative Information Guidelines -- Default Announcements.

The company's board of directors and management confirm that they are working expeditiously to file the required documents and confirm that since the filing on Nov. 28, 2023, of the company's interim financial reports for the period ended Sept. 30, 2023:

• There have been no material changes to the information contained in the default announcement that would reasonably be expected to be material to an investor.
• There have been no failures by the company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203.
• There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement.
• There has been no material information concerning the company's affairs that has not been generally disclosed.
• There are no insolvency proceedings involving the company.

For as long as the company is in default for its continuous disclosure obligations, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in Section 10 of NP 12-203 by issuing default status reports in the form of further press releases every two weeks.

About Maple Leaf Green World Inc.

Maple Leaf Green 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 Green 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 Green 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.

We seek Safe Harbor.