Mr. Robert Dubeau reports

MOJAVE BRANDS INC. ANNOUNCES PRIVATE PLACEMENT OF $0.07 UNITS

Mojave Brands Inc. has arranged a non-brokered private placement of up to 12.65 million units of the company at a price of seven cents per unit for gross proceeds of up to $885,500. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire an additional common share at an exercise price of 11 cents per warrant share for a period of 24 months from the date of issuance.

The company intends to use the net proceeds of the offering for general working capital purposes. All securities issued in connection with the offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The company does not intend on paying finders' fees in connection with the offering.

Prior to closing of the offering, the company intends on obtaining the requisite consent from the majority of its shareholders through written resolution, approving the offering, in satisfaction of Section 4.6(2) of Canadian Securities Exchange Policy 4 (Corporate Governance, Security Holder Approvals and Miscellaneous Provisions). The company intends on closing the offering on Dec. 15, 2023, but notes that closing remains subject to obtaining the requisite shareholder consent and CSE approval.

We seek Safe Harbor.