File: Attachment Cannibble_Press_Release_May_2026.pdf

CANNIBBLE FOODTECH LTD. ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING

Rosh Haayin, Israel, May 20, 2026 -- Cannibble Food-Tech Ltd. (CSE: PLCN) (the "Company" or "Cannibble") announces that it has adopted a semi-annual financial reporting ("SAR") framework, effective immediately. This change is being made pursuant to the Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").

CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi- annual financial reporting framework.

Transition Details Cannibble's fiscal year ends on December 31. Under the SAR framework, the Company will be exempt from filing interim financial reports and related Management Discussion & Analysis ("MD&A") for its first and third quarters for so long as it continues to meet eligibility criteria under CBO 51-933.

By adopting the SAR, Cannibble aims to reduce the administrative and financial burden associated with quarterly reporting, allowing management to focus resources on advancement of different projects.

dot Initial Interim Period: The Company will not file an interim report for the first quarter (Q1) ending March 31, 2026 and for the third quarter (Q3) ending September 30, 2026.

dot Ongoing Reporting: Cannibble will continue to file audited annual consolidated financial statements (due within 120 days of December 31, 2026), and six-month interim financial reports (due within 60 days of June 30).

dot Continued Disclosure: The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102.

dot Eligibility: Cannibble confirms it meets the pilot program's eligibility criteria, which includes being a venture issuer with annual revenues of less than$10 million and maintaining a clean 12-month continuous disclosure record.

dot Continued Participation: Should the Company cease to continue participating in the SAR Pilot Program, it will announce it in a future news release.

About Cannibble

Cannibble Food-Tech Ltd. is a food technology company focused on the development and

commercialization of innovative food and beverage products enhanced with alternative proteins and functional ingredients.

In the past months the Company has upgraded its food product development capabilities

and is currently working on developing an AI-powered formulation agent designed to assist food scientists, technologists, and product developers in the creation and optimization of food and beverage formulations. This AI agent is intended to autonomously analyze ingredient functionality, nutritional targets, sensory profiles, regulatory requirements, and manufacturing parameters in order to generate and optimize product formulations. The agent is also being designed to interface with robotic manufacturing solutions capable of producing these formulations in automated production environments.

Driven by the rapid and transformative advancement of artificial intelligence across virtually every aspect of modern life and industry, the Company believes that AI-powered development tools and robotics will become a central component in the future of food innovation. By leveraging machine learning, large datasets, and predictive modeling, the AI agent is expected to significantly shorten research and development cycles, reduce formulation costs, and improve the efficiency and accuracy of product innovation.

In addition, the Company is developing a consumer-facing AI agent app designed to assist

end users in creating and adapting recipes based on their individual preferences and profiles. The app is intended to personalize recipes according to a wide range of parameters, including nutritional goals, dietary restrictions, allergies, lifestyle choices, and taste preferences. This technology aims to provide users with tailored culinary recommendations and optimized meal preparation solutions.

All of these technologies are being developed in-house, leveraging the extensive knowledge, industry experience, and decades of expertise of the Company's team in food technology, product formulation, and consumer food innovation.

In synergy with the above, the Company has also established an Innovation Division focused on robotics and artificial intelligence solutions through strategic collaborations with manufacturers of existing and proven technologies. This division leverages the Company's existing relationships within the food service, hospitality, and service industries and is engaged in the marketing and commercialization of AI-enabled robotic technologies designed to support automation, operational efficiency, and scalable service delivery across food service, hospitality, and industrial environments.

The division is designed to provide the Company's clients with comprehensive robotics and AI solutions in a 360-degree approach, offering a one-stop shop for automation technologies, integration, and deployment across their operations.

On behalf of the board of directors of Cannibble:

Yoav Bar-Joseph, CEO and director

Email: yoav@cannibble.world

Tel: +1 (786) 322 6055

Cautionary Statement

Certain statements in this news release constitute "forward-looking information" under applicable Canadian securities laws. Words such as will, plan, anticipate, believe, estimate, expect, may, intend, and similar expressions often identify forward-looking information. Forward-looking information contained herein is based on the opinions and reasonable assumptions and estimates of management as at the date hereof and is subject to a variety of known and unknown risks and uncertainties and other factors, many of which are beyond the control of Cannibble, that could cause actual events or results to differ materially from those contained in the forward-looking information. Such factors include, among other things: regulatory risks; operational matters; historical trends; current conditions and expected future developments; access to future financing; as well as other considerations that are believed to be appropriate in the circumstances, including but not limited to those described in Cannibble's financial statements and management's discussion and analysis available on Cannibble's SEDAR+ profile at www.sedarplus.ca. Because of such risks, uncertainties and other factors, investors should not place undue reliance on the forward-looking information contained herein. Cannibble does not intend to update or revise any forward-looking information for any reason, except as required by applicable law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.