Mr. Dennis Hancock reports

MOUNTAIN VALLEY MD ANNOUNCES PLANNED APPOINTMENT OF NEW CFO EFFECTIVE JANUARY 15, 2024

Mountain Valley MD Holdings Inc. has appointed Yong Yao to the role of chief financial officer, effective Jan. 15, 2024. The company has accepted the resignation of the company's current chief financial officer, Lucie Letellier, due to health issues that have resurfaced and require Ms. Letellier to take a leave of absence from her professional endeavours at this time. Ms. Letellier will continue to serve as the company's chief financial officer until Jan. 15, 2024, and assist with the transition to the new CFO.

"I am very pleased to welcome Yong Yao to the MVMD team to support our commercialization growth phase and the scaling of our operations globally," said Dennis Hancock, president and chief executive officer of the company. "Mr. Yao is a very accomplished CFO and has joined us at a very important time as we navigate complex international sales, royalty and tax strategies."

With a distinguished financial career spanning premier institutions in both North America and the Far East, Mr. Yao is a seasoned CFO and brings a wealth of expertise in financial markets, corporate governance and international business. In his recent role as CFO of Hanalytics BioMind Co., Mr. Yao played a pivotal role in securing $200-million (U.S.) in private equity financing and chartering the company's profitable growth to a valuation of $1.4-billion (U.S.). Mr. Yao was the executive director of Xinyuan Real Estate Corp. and president of Xin Yan Capital, a Xinyuan subsidiary, where he managed private equity funds totalling 30 billion Chinese yuan, facilitating successful initial public offerings, overseeing global land acquisition and real estate projects. Mr. Yao's leadership roles at Bank of America Merrill Lynch, Morgan Stanley and Scotia Bank Canada showcased his diverse abilities, including strategic financial oversight, implementation of accounting policies and international financial reporting standards, regulatory reporting, management reporting, and financial business planning. Notably, his entrepreneurial venture, Selectin Biomedical Inc., secured substantial financing and regulatory approvals for innovative small-molecule chemical drugs designed for anti-tumour applications. Mr. Yao holds an MBA from McGill University and two designations by AICPA-CIMA U.K., including fellow chartered management accountant (FCMA) and chartered global management accountant (CGMA). Additionally, he holds a bachelor of science degree in biology from Nankai University.

The company has granted stock options to Mr. Yao, in accordance with the terms and conditions of the company's stock option plan, to purchase 500,000 common shares in the capital stock of the company. The options are exercisable for a period of five years from the date of grant at a price of five cents per share. The options will vest 20 per cent on the date of grant, 30 per cent on the six-month anniversary following the date of grant and the remaining 50 per cent on the 12-month anniversary following the date of grant.

The company extends its appreciation to outgoing CFO Ms. Letellier for her contributions to the company.

"Seeing the relapse in Lucie Letellier's health is very unfortunate, and we respect the important need for her to focus on her well-being with her family at this time," continued Mr. Hancock. "We are grateful for her support of MVMD and willingness to manage through this transition window to minimize any potential disruption to the business."

About Mountain Valley MD Holdings Inc.

Mountain Valley is building a world-class organization centred around the implementation, licensing and reselling of key technologies and formulations:

• Patented Quicksome oral formulation and delivery technologies;
• Patented Quicksol solubility formulation technology;
• Licensed product reseller of Agrarius, a novel agricultural plant signalling technology.

Consistent with its vision toward more life, Mountain Valley applies its owned and licensed technologies to its work for advanced delivery of molecules for human and husbandry animal applications, including the development of products for pain management, weight loss, energy, focus, sleep, anxiety and more. Additionally, Mountain Valley's work with Agrarius is focused on generating a positive impact on crop yields and reducing fertilizer usage.

Mountain Valley's patented Quicksome technology utilizes proprietary formulations and stabilizing molecules to encapsulate and formulate active ingredients into highly efficient product formats. The result is a new generation of product formulations that could be capable of delivering nutraceutical and drug molecules into the body faster, with greater impact, efficiency and accuracy.

Mountain Valley's patented Quicksol technology covers all highly solubilized macrocyclic lactones that could be effectively applied in multiple viral applications that could positively impact human and animal health globally.

Mountain Valley's licensed Agrairus agricultural plant signalling technology could be capable of application to agricultural crops to naturally increase yields, reduce fertilizer usage, and increase general resilience to pests and climate change.

We seek Safe Harbor.