Mr. Robert Dubeau reports

MOJAVE BRANDS INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF $0.07 UNITS

Mojave Brands Inc., further to its news release dated Dec. 6, 2023, has closed its non-brokered private placement of 6,799,800 units of the company at a price of seven cents per unit, for aggregate gross proceeds of $475,986.00. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles 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.

Prior to closing of the offering, the company obtained the requisite consent from the majority of its shareholders via 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.

We seek Safe Harbor.