Mr. Steve Bromley reports

ORGANTO FOODS ANNOUNCES COMPLETION OF $8.0 MILLION PRIVATE PLACEMENT FINANCING

Organto Foods Inc. has completed its previously announced non-brokered private placement, pursuant to which the company has issued 16 million units of the company at a price of 50 cents per unit for gross proceeds of $8-million.

Each unit consists of one common share in the capital of the company and one-half of a common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one common share at a price per warrant share of 75 cents until March 10, 2027, subject to the right of the company to accelerate the expiry date to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after the date of issuance of the warrants, the closing price of the common shares on the TSX Venture Exchange equals or exceeds $1 for a period of 10 consecutive trading days.

In consideration for arranging the private placement, the company has paid finders' fees comprising a cash commission in the amount of $600,000 and warrants to purchase up to 1.2 million common shares at an exercise price of 50 cents until March 10, 2027.

Net proceeds from the private placement are intended to be used to continue the growth of the company's organic and fair-trade fruit and vegetable products platform, to further develop the company's technology platform, and to support general working capital requirements, and may also be used to repay part of the company's short-term debt.

The common shares, warrants, finders' shares, and any warrant shares and finders' warrant shares issued upon exercise of the warrants and finders' warrants, as applicable, are subject to a hold period and may not be traded until Jan. 11, 2026, except as permitted by applicable securities legislation. Further, all securities issued pursuant to the private placement 12-month contractual restriction on transfer commencing on the date of issuance and ending on the first anniversary thereof.

The closing of the private placement remains subject to the final approval of the TSX Venture Exchange.

About Organto Foods Inc.

Organto is an integrated provider of branded, private-label and distributed organic, fair-trade and non-GMO (genetically modified organism) fruit and vegetable products using a strategic asset-lighter 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.