Mr. Maximilian Justus reports

GROUNDED PEOPLE ANNOUNCES DELAY OF FILINGS

Grounded People Apparel Inc. anticipates a delay in filing its financial statements for the year ended Feb. 28, 2023, and the related management's discussion and analysis, and chief executive officer and chief financial officer certifications, which are required to be filed on or before June 28, 2023. The expected delay in filing the required filings is due to the delays associated with collection of the required data and documentation to complete the audit of the company.

Accordingly, the company has applied to the British Columbia Securities Commission, the company's principal securities regulator in Canada, for the issuance of a management cease trade order (MCTO) under the provisions of National Policy 12-203, Management Cease Trade Orders, to be granted in connection with the late filing of the required filings, so as to permit the continued trading in the company's common shares by persons other than the company's CEO, CFO, and such other directors, officers and persons as determined by the applicable regulatory authorities. There is no guarantee that an MCTO will be granted. However, if an MCTO is granted, the company expects to file the annual filings on or before July 10, 2023.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in Section 10 of National Policy 12-203 and issue biweekly default status reports for so long as it remains in default of the requirement to file the required filings. The company has not taken any steps toward any insolvency proceeding and the company has no material information to release to the public. The company has made the foregoing representations in accordance with the requirements of applicable securities laws.