Ms. Meris Kott reports

SHINY HEALTH & WELLNESS CLOSES PRIVATE PLACEMENT; PROGRESS TOWARDS BUILDING A STRONG CANADIAN BRAND

Shiny Health & Wellness Corp. has closed its previously announced non-brokered private placement.

The financing consisted of units at a price of 10 cents per unit. The company closed a first tranche of the offering on Oct. 4, 2023, and does not anticipate any more proceeds from this offering. For more information on the offering and the first tranche, please see the company's news release dated Oct. 4, 2023. 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, new store buildouts, plus acquisitions.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. No finders' fees will be paid in conjunction with the offering. 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.

The company also announces it has agreed to settle an aggregate amount up to $200,000 for services and expenses rendered to the company to be settled by the issuance of units, at a deemed price of 10 cents per unit, with a 35-cent warrant. The transaction is being undertaken by the company in order to conserve working capital. The securities issued pursuant to the debt settlement will be subject to a four-month hold period commencing on the date of issuance. Completion of the debt settlement is subject to acceptance by the TSX Venture Exchange.

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 operates ShinyBud Cannabis Co., a well-established brand of adult-use dispensaries in Ontario, strategically located in markets less saturated with cannabis retailers. Shiny Health trades on the TSX Venture Exchange under the ticker symbol SNYB.

We seek Safe Harbor.