Mr. Steve Bromley reports

ORGANTO PROVIDES UPDATE ON PRIVATE PLACEMENT FINANCING

Organto Foods Inc. today provided an update on its previously announced common share private placement financing (see Nov. 14, 2023, news release).

To date the company has raised a total of $758,000 through the sale of 2,296,970 common shares at a price of 33 cents per share. Certain directors, officers and insiders of the company directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, have purchased an aggregate of 1,751,515 common shares for gross proceeds of $578,000. Under Canadian securities laws, the securities are subject to a hold period expiring on April 7, 2024. No finders' fees are payable on the shares purchased thus far.

The company also has secured further commitments for $575,000 to be closed in further tranches, with the next tranche expected to close on Dec. 11 or as soon as practically possible.

All tranches of the private placement remain subject to acceptance by the TSX Venture Exchange.

Organto plans to use the proceeds from the private placement for financing growth initiatives and for general working capital 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.