Mr. Hubert Lau reports

TRUSTBIX INC. ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO ACQUIRE 100% OF ALBERTA FOOD SECURITY INC.

Trustbix Inc., further to its press release dated Aug. 14, 2023, entered into a definitive agreement on Aug. 31, 2023, to acquire Alberta Food Security Inc. (AFS), a company which holds the exclusive Alberta territory licence, along with the opportunity to acquire additional North American and international territories, from AgriPlay, an innovative solution championing controlled environment agriculture vertical indoor farming.

Under the terms of the definitive agreement, Trustbix will acquire 100 per cent of the issued and outstanding shares of AFS for consideration of 25 million common shares of the company to be issued on closing, subject to applicable escrow and resale restrictions. There are no finders' fees payable in connection with the acquisition. No control person will be created as a result of the acquisition, and the acquisition will be an arm's-length transaction as defined in Policy 1.1. of the TSX Venture Exchange. The acquisition is expected to be completed subject to regulatory and TSX Venture Exchange approval and once all remaining customary closing conditions have been satisfied.

The joint integration team formed by Trustbix and AFS will steer the integration process, ensuring the constructive collaboration between technology and agriculture is harnessed to its fullest potential.

Hubert Lau, chief executive officer of Trustbix, stated: "We are thrilled to welcome AFS to the Trustbix family. We believe this acquisition will address food security and underutilized real estate while leveraging the power of Trustbix's 'gate to plate' solutions."

Adam Morand, president of AFS, stated: "Our team is excited to embark on this journey with Trustbix. This strategic alignment not only strengthens our commitment to ensuring a secure and sustainable food supply but also creates the potential to reshape the agriculture landscape by integrating Trustbix's innovative technology and expertise."

About Alberta Food Security Inc.

AFS is dedicated to advancing food security and agricultural sustainability within the province of Alberta. As the exclusive territory licensee for AgriPlay with the opportunity to expand into other territories and regions in North America and internationally, AFS aims to harness innovative solutions to ensure a resilient and sustainable food supply chain for the benefit of all Albertans.

About Trustbix Inc.

The vision is to create a world where we trust more and waste less by leveraging Bix and its technology solutions. Trustbix delivers independent validation of provenance and sustainable practices within multiple supply chains and industries.

Bix Location Services offer solutions to supply chains that bring situational awareness for high-value assets.

ViewTrak Technologies Inc., a wholly owned subsidiary, provides a suite of hardware and software solutions to the livestock industry in North America and China.

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