Mr. Gary Bartholomew reports

SPONSORSONE BRANDS ANNOUNCES LATE FILINGS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

SponsorsOne Inc. will not meet the following filing deadlines:

• Audited annual financial statements and management discussion and analysis for the year ended Dec. 31, 2022, due on or before May 1, 2023;
• Management-prepared financial statements and management discussion and analysis for the quarter ended March 31, 2023, due on or before May 30, 2023;
• Chief executive officer and chief financial officer certificates relating thereto.

SponsorsOne does not expect to be able to meet these filing deadlines, but its internal audit work has commenced and it now expects to complete the annual filings by July 3, 2023, and the Q1 filings by July 31, 2023.

Financial conditions and auditor availability impacted the corporation's ability to prepare for and pay for its annual financial statements and annual MD&A.

SponsorsOne made an application to the Ontario Securities Commission to approve a temporary management cease trade order (MCTO) under NP 12-203, which was denied.

Other than as previously disclosed and the contents hereof, there is no material information of the corporation which has not been disclosed by timely press releases.

About SponsorsOne Brands Inc.

SponsorsOne is the leader in the next evolution of brand creation and digital marketing through influencer marketing, storytelling and digital commerce with the SponsorCoin platform and its highly scalable, smart-contract-based digital currency. SponsorCoin allows brands to build and manage exclusive and highly engaged communities of salespeople and marketers within the social realm. The SponsorCoin platform provides data-driven marketing campaigns that will change how brands connect with their customers. SponsorCoin is a tool for brands to inspire real movements around their products and services. Their most valuable customers become their best salespeople, producing far higher ROI (return on investment) than current social media advertising methods. SponsorsOne's wholly owned subsidiary, S1 Brands Inc., builds wholesale/retail distribution channels for the company's internal brands, acting as a master distributor. S1 Brands provides sales and marketing on behalf of the brand to its vast network of national wholesalers and retailers and provides purchase order financing to assist the brand in fulfilling every order. Premier Beverage Consortium Inc. is a wholly owned subsidiary and is brand building for the global spirits market with its flagship ready-to-drink product, called Doc Wylder's. HS Brands Inc. is a wholly owned subsidiary and is brand building for the global hemp smokes market by launching multiple premium products such as Primero Hemp Smokes and Suede Hemp Smokes. Ownership of the brand, distribution, digital marketing innovation and capital are the winning formula for building the next billion-dollar brand.

We seek Safe Harbor.