Mr. Michael Saxon reports

TAAT GLOBAL ALTERNATIVES INC. ANNOUNCES DEBT SETTLEMENT

TAAT Global Alternatives Inc.'s board of directors has approved the issuance of 6.25 million common shares at a deemed price of 18.5 cents per share as payment of a termination fee with a consultant of the company.

The share issuance will be completed on or about June 15, 2023, and the shares will be subject to a minimum hold period of four months and one date from the date of issuance.

The company also announces that pursuant to its shareholder-approved restricted share unit plan, it has granted an aggregate of 250,000 restricted share units to an employee of the company. The RSUs shall entitle the eligible party the ability to acquire one common share of the company underlying each such RSU by delivering a notice of acquisition to the company in accordance with the RSU plan for a period of five years from issuance. In accordance with the RSU plan, the RSUs were priced at 18.5 cents. The RSUs will vest immediately.

About TAAT Global Alternatives Inc.

TAAT is a vertically integrated consumer product and distribution company, generating more than $90-million in overall gross revenue annually. TAAT is strategically expanding its product categories, including tobacco and reduced-risk alternatives, hemp, kratom and other emerging consumer packaged goods segments. TAAT has facilities to include a processing plant in Nevada, as well as a distribution centre in Canton, Ohio, leveraging existing retail shelf space and pipelines into national wholesale channels.

We seek Safe Harbor.