File: '\\swfile\EmailIn\20240209 152757 Attachment 2024-02-09 News Release - Private Placement.docx'

Veji Announces Private Placement

VANCOUVER, BC, February 9, 2024 - Veji Holdings Ltd. ("Veji" or the "Company") (CSE: VEJI.X; OTC: VEJIF) announces that it proposes to undertake a non-brokered private placement of up to 1,700,000 common shares (each, a "Common Share"), at a purchase price of $0.05 per Common Share, to raise total gross proceeds of up to $85,000 (the "Placement").

Closing of the Placement is subject to Veji obtaining all necessary corporate and regulatory approvals, including approval of the Canadian Securities Exchange (the "CSE"). The Company will pay finders' fees to eligible finders in connection with the Placement, subject to compliance with applicable securities laws and the policies of the CSE. All securities issued to Canadian investors in connection with the Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

The Company intends to use the net proceeds from the Placement for general working capital and corporate purposes. Closing of the Placement is expected to occur on or about the week of February 19, 2024.

ON BEHALF OF THE BOARD OF DIRECTORS:

Kory Zelickson Director and CEO

About Veji Holdings Ltd.

The Company is a reporting issuer in Canada and is listed on the Canadian Securities Exchange under the symbol "VEJI.X" and on the OTC under the symbol "VEJIF". For more information, please visit www.VejiHoldings.com

For investor inquiries or further information, contact: 250-300-5103 or ir@vejiholdings.com

Forward-Looking Statements

This news release contains certain forward-looking statements. The use of the word "expected", "projected", "pursuing", "plans" and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this news release include statements regarding the Placement. The forward-looking statements are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events or results, or otherwise, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.