Mr. Hubert Lau reports

TRUSTBIX INC. RECEIVES EXCHANGE CONDITIONAL ACCEPTANCE AND COMPLETES THE ACQUISITION OF ALBERTA FOOD SECURITY INC.

Further to the press releases dated Aug. 14, 2023, and Aug. 31, 2023, Trustbix Inc. has received TSX Venture Exchange conditional acceptance and satisfied the remaining closing conditions to complete the acquisition of Alberta Food Security Inc.

AFS holds the exclusive Alberta territory licence, along with an opportunity to acquire additional North American and international territories from AgriPlay, an innovative controlled environment agriculture (CEA) vertical indoor farming company. This acquisition allows Trustbix to harness the potential of the AgriPlay technology and amplify the company's efforts in promoting sustainable agriculture practices with complete traceability from gate to plate.

Pursuant to the terms of the definitive agreement, Trustbix will acquire 100 per cent of the issued and outstanding shares of AFS for 25 million common shares of Trustbix priced at two cents per common share, subject to a hold period of four months plus one day, which shall end on March 1, 2024.

Hubert Lau, chief executive officer of Trustbix, said: "Since our announcement in August, we have been working closely with the AFS team. Our teams work well with each other, and we have found tremendous synergies. We look forward to growing Trustbix and AFS together to enhance shareholder value."

Adam Morand, president of AFS, stated: "We are excited to begin creating value for the Trustbix shareholders. As a newly minted TBIX shareholder, our objectives are aligned. It is our hope to add valuable bench strength to the TBIX team, amplifying the tremendous agrifood opportunities we see on the road ahead."

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 throughout 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 there is more trust and less waste 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 offers 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.

We seek Safe Harbor.