Mr. Conor Power reports

VEGANO ANNOUNCES CEO CHANGE, CLOSING OF DEBT SETTLEMENT AND MARKETING ENGAGEMENT

Vegano Foods Inc. has appointed Ricky Goraya as interim chief executive officer of the company, effective July 18, 2023.

Mr. Goraya is an entrepreneur and an investor with more than 20 years of experience in starting and expanding businesses. He holds a bachelor's degree in food science and technology, and has built a reputation for his ability to identify and capitalize on emerging trends in various industries. In addition to his entrepreneurial ventures, Mr. Goraya is also an experienced stock market investor with over two decades of experience in the field. Mr. Goraya has been acting as director of the company since April, 2023.

In connection with Mr. Goraya's appointment, Conor Power has resigned as CEO of the company and will remain a director of the company. The company thanks Mr. Power for his contributions as CEO.

The company has also engaged Black Swan Solutions Inc. (doing business as VHLA Media) to heighten market and brand awareness for the company and to broaden the company's reach within the investment community through various on-line platforms and methods of engagement. Pursuant to the company's engagement of Black Swan, the services will commence on July 19, 2023, and will last for an initial term of 30 days. The company will pay an initial fee of $25,000 for the campaign. Black Swan is an investor communications provider from Vancouver, B.C. The company and Black Swan are at arm's length, and, to the knowledge of the company, Black Swan and its respective principals do not have an interest, direct or indirect, in the company or its securities or any right to acquire such an interest.

Additionally, further to the news releases dated June 21 and June 29, 2023, the company has issued 183,672 common shares in the capital of the company, at a price of 3.05 cents per share, to a service provider of the company in settlement of the rest of $5,602 worth of bona fide debt.

About Vegano Foods Inc.

Vegano is a 100-per-cent-plant-based on-line marketplace company operating in Vancouver. Founded in March of 2020, Vegano helps make healthy plant-based eating more accessible to Canadians, allowing them to take veganism beyond meatless Mondays and Veganuary. Vegano sources high-quality products to make for easy plant-based shopping, all on one website.

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