Mr. Steve Bromley reports

ORGANTO FILES PRELIMINARY BASE SHELF PROSPECTUS

Organto Foods Inc. has filed a preliminary short form base shelf prospectus with the securities regulators in each province and territory of Canada.

This filing renews Organto's final short form base shelf prospectus, dated July 5, 2021, and, when made final or effective, will allow the company to make offerings of common shares, debt securities, convertible securities, warrants and subscription receipts or any combination thereof of up to $50-million during the 25-month period that the shelf prospectus is effective. The net proceeds from any such offerings may be used by the company for general corporate purposes, including financing continuing operations and/or capital requirements, reducing the level of indebtedness outstanding from time to time, settling obligations outstanding from time to time, discretionary capital programs, and potential future acquisitions.

The company has filed this new preliminary base shelf prospectus with a view to maintaining financial flexibility, but has no immediate intention to undertake an offering. The specific terms of any future offering will be established in a prospectus supplement to the base shelf prospectus and this supplement will be filed with the applicable Canadian securities regulatory authorities at the time any such offering is made.

This news release does not constitute an offer of any securities for sale.

A copy of the preliminary short form base shelf prospectus can be found on SEDAR+.

Engagement of Atrium Research

Organto also announced today that it has engaged Atrium Research (the consultant) to provide institutional quality paid equity research and investor relations services pursuant to an agreement dated April 1, 2023. Services will include the production and publication of research reports and periodic updates and distribution of these reports and updates to the consultant's e-mail list and website. In consideration of these services, the company has agreed to pay the consultant a fee of $3,000 per month for an initial 12-month period. The consultant is an arm's-length party to the company and will not purchase securities in the company from time to time for investment purposes.

About Organto Foods Inc.

Organto is an integrated provider of branded, private label and distributed organic, and non-GMO (genetically modified organism) fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.

We seek Safe Harbor.