Mr. Liran Brenner reports

SUPERBUZZ ANNOUNCES INTENTION TO COMPLETE A SHARES FOR DEBT TRANSACTION

Superbuzz Inc. intends to settle $1.2-million of debt through the issuance of up to a maximum of 40 million units at a price of three cents per unit. The company anticipates that, upon completion of the debt settlement, a new control person (as defined below), Yoel Yogev, will be created.

Each unit shall consist of one common share in the capital of the company and one warrant. Each warrant shall entitle the holder to acquire one common share for a period of 24 months from the closing date of the debt settlement at an exercise price of five cents per common share.

The debt settlement is subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange, pursuant to TSX Venture Exchange Policy 4.3 -- Shares for Debt. All securities issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation in Canada.

The company and each respective creditor have agreed to complete the debt settlements to preserve the company's cash for working capital.

Policy 4.1 -- Private Placements of the TSX Venture Exchange corporate finance manual requires shareholder approval where a transaction creates a shareholder that holds or controls 20 per cent or more of an issuer's shares (a control person). The company anticipates that, upon completion of the debt settlement, Mr. Yogev will be a new control person pursuant to Policy 4.1. To fulfil the requirements of Policy 4.1, the company intends to seek written approval of shareholders holding or controlling more than 50 per cent of its common shares to approve the creation of the new control person.

Additionally, in connection with the debt settlement, the company intends to appoint Mr. Yogev, the new control person, to the board of directors of the company. It is also anticipated that Mr. Yogev will be appointed as chairman.

The company announced a private placement on Nov. 20, 2023. This private placement will no longer be proceeding.

About Superbuzz Inc.

Superbuzz is revolutionizing how people interact with technology. Its AI (artificial intelligence) platform leverages GPT (generative pretraining transformer)-3 to automate many processes, including push notifications and content creation. The platform simplifies the user experience, allowing for advanced digital interaction that cuts back on manual tasks. Moreover, Superbuzz's AI platform intelligently responds to small and medium-sized businesses' unique needs, making it an incredibly reliable and powerful tool for various applications.

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