Mr. Sameet Kanade reports

STEEP HILL ANNOUNCES CFO CHANGE

Raj Ravindran has resigned as Steep Hill Inc.'s chief financial officer to pursue other endeavours.

Mr. Ravindran was one of the co-founders of Canbud Distribution Corp., the entity that culminated into Steep Hill following the acquisitions made in 2021 and 2022. The board appreciates his contribution to Steep Hill and wishes him the best in his next venture.

The board is pleased to announce the appointment of Patricia Militello as interim CFO. Since fiscal Q4 2021, Ms. Militello has been instrumental in leading the finance and accounting team as an external consultant. Ms. Militello is expected to lend her expertise as Steep Hill continues on the path of restructuring and exploring strategic alternatives.

About Steep Hill Inc.

Steep Hill is in the process of restructuring its business and is exploring strategic alternatives.

We seek Safe Harbor.