Mr. Michael Semler reports

NASS VALLEY GATEWAY LTD ANNOUNCES IT WILL NOT FILE ITS 2022 EOY AUDITED FINANCIALS BY THE JULY 14TH, 2023 EXTENSION GRANTED BY THE BCSC AND WILL BE SUBJECT TO A FFCTO UNTIL THE FILING REQUIREMENT IS MET

Due to delays in finalizing its 2022 end-of-year (EOY) financials, Nass Valley Gateway Ltd. will not be able to file by the July 14, 2023, extension granted by the BCSC (British Columbia Securities Commission). As Nass Valley Gateway's subsidiary, Nass Valley Gardens Inc., is finalizing the financing and closing of its acquisition of Super Scientific Laboratories, it requires a filing of consolidated financials, which are not complete. The company will be in default of the specific filing requirement and will be subject to an FFCTO (failure to file cease trade order) until it remedies the requirement by filing EOY 2022 through July, 2023, audited and consolidated financials, plus MD&A (management's discussion and analysis) reports and all attending certifications through July, 2023. To accomplish this, the issuer has a 30-day remediation plan in place to gather the final documents, share them with the auditor and provide any supporting or sample documentation. The auditor will then review the final documents and provide its opinion.

Management will satisfy the alternative information guidelines by publishing biweekly updates until the filing is completed.

Michael Semler, Nass Valley Gateway chief executive officer, stated: "To ensure the stability of the share price as we are closing on a material event, this is the correct step to take. We look forward to filing the consolidated financials and satisfying the requirement."

Management will comply with the FFCTO until the filings have been submitted to the BCSC and published on SEDAR with an unqualified opinion from its auditor. This FFCTO restricts management and the general public from all trading of Nass Valley Gateway shares until the FFCTO is lifted by the BCSC.

There are no other material changes or other items to report at this time.

About Nass Valley Gateway Ltd.

Nass Valley Gateway is a publicly traded company on the Canadian Securities Exchange, focused on the sales and distribution of organic, non-GMO (genetically modified organism), hemp-based, zero-THC (tetrahydrocannabinol), CBD (cannabidiol) products. Nass Valley CBD products are sold under the Nass Valley Gardens brand through digital sales channels. Nass Valley's products target the general wellness, pain remediation, dermatology, anti-aging and beauty markets.

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