Mr. Michael Nadeau reports

SHINY HEALTH & WELLNESS ANNOUNCES PRIVATE PLACEMENT OF $500,000

Shiny Health & Wellness Corp. has arranged a non-brokered private placement consisting of gross proceeds of up to a total of $500,000 and will, on acceptance by the TSX Venture Exchange, close on a first tranche of the offering for gross proceeds of $225,000.

The offering comprises units of the company at a price of 10 cents per unit for gross proceeds of up to and aggregate of $500,000.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 35 cents at any time on or before the date which is 24 months following the closing of the offering.

The warrants will be subject to an acceleration clause whereby if the common shares of the company, traded on the TSX-V, trade at a volume weighted average price exceeding $1 per common share for a period of 10 consecutive trading days, the issuer may, at its discretion, deliver a notice to the warrantholders notifying such warrantholders that they must exercise their warrants within 30 days from the date of such notice. All common shares and warrants comprising the units will be subject to a four-month hold period from the date of issuance, during which any resale or other transfer will be restricted in accordance with applicable securities laws.

The company may pay 7 per cent in cash or shares to eligible finders on all or a portion of the offering. Finders may also receive finders' warrants entitling such finders to purchase up to 7 per cent of the shares issued to the purchaser introduced by the finders under the offering exercisable at the issue price of 35 cents for a period of 24 months from the closing date, subject to TSX-V acceptance and applicable laws.

The company intends to use the net proceeds of the offering for general working capital requirements, including to advance the company's cannabis line of business performance by increasing store inventory, store buildouts and acquisitions.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including the TSX-V. Finders' fees will be payable in accordance with the policies of the TSX-V. The unit shares, warrant shares and any common shares of the company that are issuable from any finders' warrants will be subject to a hold period of four months and one day following the closing date of the offering in accordance with applicable securities laws.

Closing of the first tranche

Shiny Health has closed the first tranche of the non-brokered private placement for gross proceeds of approximately $225,000 from the sale of 2.25 million units of the company at a price of 10 cents per unit. There is no finder's fee to be paid on this first tranche.

Closing of the first tranche of the offering is subject to receipt of all necessary regulatory approvals, including acceptance of the TSX-V.

About Shiny Health & Wellness Corp.

Shiny Health is on a mission to help people never settle and live fully by being a trusted source for health and wellness solutions and services. The company recently broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies, with its first pharmacy in Cornwall, Ont. Striving to provide a more diverse and accessible cannabis experience for adult consumers, the company also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers. The company's board of directors and management team hold extensive retail operating experience, a key competitive differentiator in leading its growth strategy. Shiny Health trades on the TSX-V under the ticker symbol SNYB.