Mr. Hubert Lau reports

TRUSTBIX INC. ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT AND ANNOUNCES PRIVATE PLACEMENT

Further to Trustbix Inc.'s news releases dated Aug. 14, 2023, and Oct. 16, 2023, the company has closed on the second and final tranche of its non-brokered private placement. Under the final tranche, the company issued 1.3 million units at a price of two cents per unit for gross proceeds of $26,000.

Pursuant to the private placement the company issued an aggregate of 4.5 million units of the company at a price of two cents per unit for gross proceeds of $90,000.

Each unit comprised one common share in the capital of Trustbix and one common share purchase warrant, whereby each warrant entitles the holder to purchase one common share at a price of five cents for a period of one year from the date of closing. The securities issued under the private placement are subject to a four-month hold period from the time of closing of the private placement.

Trustbix Inc. conducted the placement under various prospectus exemptions in accordance with National Instrument 45-106 -- Prospectus Exemptions.

Certain insiders of the company participated in the private placement for an aggregate total of 550,000 units for gross proceeds of $11,000. The participation of these insiders in the private placement constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The board of directors of the company determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 for the related party transaction, as neither the fair market value of securities issued to the insiders nor the consideration paid by the insiders exceeded 25 per cent of the company's market capitalization.

The securities issued under the private placement are subject to a four-month hold period from the time of closing of the private placement. No finders' fees or other compensation was paid in connection with the private placement.

As the financing is below five cents, the company is relying on the minimum pricing exemption provided by the exchange and is providing a brief description on the use of proceeds being raised. The proceeds will be used for ongoing working capital and expenses associated with the completion of the acquisition of Alberta Food Security Inc., as previously announced on Aug. 31, 2023.

Trustbix also announces a non-brokered private placement of up to 20 million common shares at a price of 0.5 cent per common share for gross proceeds of up to $100,000, subject to regulatory approval.

The common shares issued pursuant to the private placement will be subject to a statutory hold period lasting four months and one day following the closing date.

The company intends to use the proceeds from the private placement for general working capital and growing the business.

The common shares issued under the private placement will be sold to investors pursuant to prospectusexemptions available under National Instrument 45-106, including exemptions for: accredited investor, employee, executive officer, director and consultant, and existing security holders.

About Trustbix Inc.

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

We seek Safe Harbor.