Mr. Vito Sanzone reports

PROMINO NUTRITIONAL SCIENCES INC. ANNOUNCES PRIVATE PLACEMENT FINANCING

Promino Nutritional Sciences Inc. intends to conduct a private placement of units of the company at a price of five cents per unit for gross proceeds of up to $2-million, subject to an overallotment right exercisable by the company to increase the size of the offering to up to $2.5-million.

Each unit will comprise one common share of the company and one-half of one common share purchase warrant, with each whole warrant exercisable to acquire one common share of the company at a price of 10 cents per share for a period of 24 months from the date of issuance. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. The company may pay finders' fees in connection with the offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Completion of the offering is subject to customary conditions and the receipt of all necessary approvals, including acceptance of the Canadian Securities Exchange.

The company intends to use the net proceeds of the offering to accelerate sales and fulfillment of Promino's marquee muscle strength and recovery sports beverages, Promino and Rejuvenate Muscle Health, to renew IP licensing agreements, settle outstanding liabilities and for general working capital purposes.

About Promino and Rejuvenate Muscle

Promino is NSF (National Sanitation Foundation) certified for sport, which means it is free of banned substances and approved for use by all major sports leagues. Additionally, Promino invested in a rigorous flavouring process with a top tier United States flavour house responsible for creating the taste of several of North America's best-selling sports nutrition beverages. Followed by extensive in-market consumer testing, the company will launch two refreshing fruit flavours in Q2 2024.

Promino and Rejuvenate utilize a patented formula from the University of Arkansas, led by Dr. Robert Wolfe, and is the result of over $20-million (U.S.) in research over 23 years including extensive human clinical trials on muscle repair, recovery and muscle protein synthesis.

The patented essential amino acid blend, in the precise ratio to accelerate muscle protein synthesis, is fast-absorbing and provides the body with the building blocks of protein faster, without the excess calories, filler and carbohydrates of conventional whey or plant proteins. Promino's patented amino acid formula contains the essential building blocks of protein and are shown to be the highest-quality protein source in the world based on the rising gold standard of protein quality -- DIAAS -- which measures the uptake of these key amino acids in the digestive tract. With a 321 DIAAS (Digestible Indispensable Amino Acid Score), Promino is superior to whey protein at 109 Agriculture and Agri-Foods Canada, 2014 Protein Trends & Technologies Seminar.

Promino's patented amino acid formula contains the essential building blocks of protein and are shown to be the highest-quality protein source in the world based on the rising gold standard of protein quality -- DIAAS -- which measures the uptake of these key amino acids in the gut. With a 321 DIAAS (Digestible Indispensable Amino Acid Score), Promino is superior to whey protein at 109.

Promino is more effective than whey protein at producing the desired results -- with none of the fat, sugar, carbs and bloat. It is a significant step forward for pro and collegiate athletes.

About Promino Nutritional Sciences Inc.

Promino is an innovative and research-driven Canadian nutraceutical company specializing in the development of patented and science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. Promino's lead product, Rejuvenate, is a patented proprietary formulation that is clinically proven to assist in the building, rebuilding, restoration and rejuvenation of natural muscle mass. The company also offers Promino, an elite performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength and accelerate recovery from injury. Promino was founded in 2015 and is located in Burlington, Ont.

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