Ms. Erica Fattore reports

PESORAMA ANNOUNCES APPOINTMENT OF NEW CHIEF OPERATING OFFICER

Pesorama Inc. has appointed Rodrigo Castanon as chief operating officer of the company's operating subsidiaries in Mexico City.

Mr. Castanon joins with vast experience in several sectors, including retail, marketing and fast-moving consumer goods. Within retail he has had experience in operations, expansion, finance and marketing, among other areas. He worked for four years in Colombia for Tiendas D1, the largest hard-discount retailer in Latin America with over 2,300 stores, where he was responsible for expansion and opened north of 1,100 stores during that period. With Tiendas D1, he implemented an expansion booster plan, led store maintenance, relocations, remodelling and national security, as well as being a member of the executive committee. Before joining Tiendas D1, he worked for several years for DIA Group, a Spanish food retail company with more than 7,000 stores. With DIA, he held responsibilities in Spain and in China where he lived for several years in Shanghai. He covered areas such as operations, sales manager, human resources, expansion and business controlling. He holds a business administration and law degree from Universidad Pontificia Comillas, and a master of international business degree from Zhejiang University.

In connection with his appointment, the company has granted to Mr. Castanon incentive stock options to purchase an aggregate of one million common shares of the company.

The options are exercisable until Nov. 24, 2028, at a price of 23 cents per share, and shall vest as follows: one-fourth on the first anniversary of the date of grant, one-fourth on the second anniversary of the date of the grant, one-fourth on the third anniversary of the date of the grant and one-fourth on the fourth anniversary of the date of the grant.

The options are granted pursuant to the company's stock option plan, which was most recently approved by shareholders at the company's annual and special meeting held on Aug. 8, 2023, and remain subject to approval of the TSX Venture Exchange.

About Pesorama Inc.

Pesorama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. Pesorama launched operations in 2019 in Mexico City and the surrounding areas targeting high-density, high-traffic locations. Pesorama's 22 stores offer consistent merchandise offerings, which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery, and more.

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