Ms. Meris Kott reports

SHINY HEALTH & WELLNESS UPDATE

Shiny Health & Wellness Corp., pursuant to the company's previous press release, has settled an aggregate amount of $156,850 in accrued debt for services and expenses rendered to the company. The debt was settled with 1,168,500 units issued at 10 cents per unit. Each unit consists of one common share and one share purchase warrant exercisable at 35 cents for a period of two years, and an additional 400,000 common shares that were issued to an insider of the company. Insider participation was approximately 25 per cent of the total debt settlement and is considered to be a related-party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101 in respect of the insider participation. The transaction was undertaken by the company in order to conserve working capital.

The securities issued pursuant to the debt settlement were subject to a four-month hold period commencing on the date of issuance.

About Shiny Health & Wellness Corp.

Shiny Health & Wellness is on a mission to help people never settle, 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 (TSX-V) under the ticker symbol SNYB.