Mr. Steven Glaser reports

POOL SAFE CLOSES FINAL TRANCHE OF $1.14 MILLION NON-CONVERTIBLE DEBENTURE FINANCING

Pool Safe Inc. has closed the third and final tranche of its previously announced non-brokered debenture financing. The company closed on 50 debenture units for gross proceeds of $50,000. For details of the debenture financing and capitalized terms used but not defined herein, please refer to the company's news releases dated April 17, 2023, June 1, 2023, June 27, 2023, and June 30, 2023.

The company has raised $1.14-million through the sales of 1,140 debenture units at a price of $1,000 per debenture unit.

All debentures and financing warrants issued pursuant to the debenture financing are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. No commissions were paid in connection with the debenture financing. The company intends to use approximately 30 per cent of the net proceeds from the debenture financing to increase its inventory and production capacity for future Loungenie builds. In addition, approximately 10 per cent of the net proceeds will be used to evolve the company's communication technology and enhance its Loungenie's Internet of Things capabilities. The remainder of the net proceeds will be applied to working capital and general corporate purposes.

About Pool Safe Inc.

Pool Safe designs, develops and distributes a product known as the Loungenie, which functions as a multipurpose personal poolside attendant. The Loungenie is designed to provide safety, convenience and peace of mind for hotels, resorts, waterparks and cruise ship guests. Functions include: lockable safe, solar-powered charger for USB compatible electronic devices including phones, cameras and tablets, in addition to a server call-button, a beverage cooler and holders. Conveniently located alongside pool or beach lounge chairs, the Loungenie is a unique way of providing vacationers with a comforting sense of security for their belongings, while they enjoy their vacation.

We seek Safe Harbor.