Ms. Cheryl Grant reports

VITALITY SHAREHOLDERS RE-ELECT BOARD OF DIRECTORS AND APPROVE NEW SHARE OPTION PLAN

Vitality Products Inc. held its annual and special general meeting of shareholders on July 18, 2023. All resolutions put to a vote at the AGM passed with a 99.97-per-cent-or-higher approval from the votes cast. Audra J. Davies, Richard V. Gannon, Cheryl A. Grant (president and chief executive officer), W. Douglas Grant (vice-president and chief financial officer), Stuart E. Pennington and Joanne F.Q. Yan were re-elected to the board of directors.

Vitality adopts new share option plan

Shareholders ratified, confirmed and approved, subject to regulatory approval, the adoption of the company's new 20-per-cent fixed share option plan at the company's AGM held on July 18, 2023. On June 8, 2023, the board of directors approved the adoption of the fixed option plan, subject to shareholder and regulatory approval, to align with the current TSX Venture Exchange policies on equity compensation plans. The purpose of the fixed option plan is to promote the interests of the company and its shareholders by aiding the company in attracting and retaining employees, officers, consultants, advisers and non-employee directors capable of assuring the future success of the company, to offer such persons incentives to put forth maximum efforts for the success of the company's business, and to compensate such persons through stock option arrangements and provide them with opportunities for stock ownership in the company, thereby aligning the interests of such persons with the company's shareholders.

The maximum aggregate number of common shares of the company that may be reserved for issuance under the fixed option plan, together with all other security-based compensation plans, at any point in time, shall not exceed 8,282,257 common shares, which represent 20 per cent of the outstanding shares upon the date of approval of the fixed option plan by the board of directors. The fixed option plan will replace the company's current rolling option plan. All future stock option grants will be made pursuant to, or as otherwise permitted by, the fixed option plan, and no further stock option grants will be made pursuant to the company's rolling option plan. The fixed option plan will supersede and replace the company's rolling option plan. There are 1,195,000 stock options outstanding.

Vitality is an award-winning line of clean vitamins and supplements, marketed to natural health retailers and health-and-wellness-conscious consumers. Manufactured locally in British Columbia, Canada, and currently sold in 600 natural health stores and on-line, the products are non-genetically modified and third party tested. Following the proven success of the line through repeat orders and same-store-sales growth, the company is focused on expanding distribution and expanding sales in-store and on-line; evaluating, researching and developing new products for future distribution; and exploring new markets for its products.

We seek Safe Harbor.