Mr. Steve Bromley reports

ORGANTO APPLIES FOR MANAGEMENT CEASE TRADE ORDER

Organto Foods Inc. has requested a temporary management cease trade order from the B.C. Securities Commission in connection with the company's filing of its audited annual financial statements and management's discussion and analysis for the financial year ended Dec. 31, 2023.

The company is requesting the MCTO to secure additional time to finalize its audited financial statements, the related MD&A, and the applicable chief executive officer and chief financial officer certifications. The delay in filing the annual filings is a result of unexpected delays experienced by the company due to personnel changes in late December, 2023. The company is working with its accounting team to prepare the financial statements and respond to all queries. It is the company's reasonable expectation that the annual filings will be finalized on or before June 30, 2024.

By way of background and as required by the BCSC, the company noted the following:

1. The company is required to file its annual filings all in accordance with international financial reporting standards within 120 days after the end of its completed financial year, such date being April 29, 2024, as required by National Instrument 51-102 (Continuous Disclosure Obligations). The company does not anticipate that it will be able to complete the annual filings on or before the annual filing deadline.
2. The company is working diligently to prepare and file the annual filings on or before June 30, 2024.
3. The company confirms that it intends to issue a status report on a biweekly basis for as long as it remains in default of the annual filing deadline in respect of the annual filings.
4. The company is not subject to any insolvency proceedings.
5. There is no other material information concerning the affairs of the company that has not been generally disclosed.

The company has imposed an insider trading blackout pending the filing of the annual filings and will comply with the alternative information guidelines described in National Policy 12-203 (Management Cease Trade Orders) during such period.

About Organto Foods Inc.

Organto is an integrated provider of branded, private label, and distributed organic and non-genetically modified 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.