Mr. Jon Gluckman reports

SIXTH WAVE ANNOUNCES ASSET FORECLOSURE BY SECURED LENDER

Under the terms and conditions of that certain secured promissory grid note dated as of Nov. 15, 2022, executed with Orca Holdings LLC, the obligations of which were guaranteed by and secured against the assets of 6th Wave Innovations Corp., a wholly owned subsidiary of Sixth Wave Innovations Inc. The company and Orca have entered into an agreement, pursuant to which Orca shall exercise its right to foreclose on 6th Wave's assets and conduct a public foreclosure sale pursuant to the applicable provisions of the New York Uniform Commercial Code, N.Y. U.C.C. Law paragraph 9-601 (McKinney) et seq. The company has tried several avenues to liquidate its assets, licence IP (intellectual property), raise capital and convert debt to equity to have capital to continue operations and satisfy creditors. These efforts have not been successful. As a result of the events and situation described herein, and there being no operating capital to satisfy existing debt obligations, the board is satisfied that it has no choice other than to proceed with the foreclosure. Should the auction yield proceeds in excess of Orca's secured debt, such funds will be relinquished to 6th Wave and a usage plan will be generated based on the proceeds received.

All interested bidders must submit bids for the assets no later than Jan. 10, 2024, at 5 p.m. Central Time. The auction will be held on Jan. 15, 2024, at 2 p.m. Central Time.

In addition to the herein, the company announces that David Fransen and Patricia Steadman have left the board of directors for personal reasons. The company wishes to thank them and wish them well in their future endeavours. The company has not proceeded with any efforts to replace them as of this date.

About Sixth Wave Innovations Inc.

Sixth Wave is a nanotechnology company with patented technologies that focus on the extraction and detection of target substances at the molecular level using highly specialized molecularly imprinted polymers (MIPs). The company is in the process of commercializing its IXOS -- AuC polymer for the gold mining industry is focused on expanding the offerings as noted here in lithium. The company's patent portfolio covers extensions of the designs for extraction and purification of other critical metals including nickel, cobalt, rare-earth elements and platinum group metals.

Sixth Wave can design, develop and commercialize MIP solutions across a broad spectrum of industries. The company has successfully developed nanotechnology architectures that are highly relevant for the detection and separation of viruses, bacteria, biogenic amines and other pathogens. The company is has yet to finish commercialization of its Affinity system for purification of cannabinoids.

We seek Safe Harbor.