Mr. Andrew Yau reports

SHELLRON FILES LAWSUIT FOR RECOVERY OF LOAN

Shellron Capital Ltd. has filed a lawsuit in the Supreme Court of British Columbia against Launchtrip Technologies Inc. and its chief executive officer, for the repayment of a $250,000 loan, made by the company in connection with a terminated qualifying transaction.

Shellron advanced to Launchtrip an aggregate of $250,000 pursuant to a secured loan agreement dated Oct. 6, 2022. The loan became due on March 31, 2023, but has not been repaid.

The company will provide additional updates concerning the lawsuit once available.

Trading in the common shares of Shellron was halted as of July 27, 2022, in connection with the execution of an agreement with Launchtrip. Shellron expects to be authorized to resume trading in due course.

We seek Safe Harbor.