Mr. Am Gill reports

BIOSENTA INC. ANNOUNCES LICENSING AGREEMENT WITH LIGHTWEIGHT CONCRETE SOLUTIONS

Biosenta Inc. has made a strategic milestone, having entered into a licence agreement with 2581776 Ontario Inc. (doing business as Lightweight Concrete Solutions), pursuant to which Biosenta granted to Lightweight Concrete Solutions a licence to use Biosenta's Tri-Filler technology in connection with certain specialty concrete products on an exclusive basis and in connection with other concrete products on a non-exclusive basis. Pursuant to the terms of the licence agreement, Lightweight Concrete Solutions will pay Biosenta a one-time licence access fee of $200,000, as well as royalties based on sales of the licensed products.

This licensing arrangement not only recognizes the unique value of Biosenta's Tri-Filler technology, but also opens new avenues for its application across diverse industry sectors. It provides an upfront financial revenue benefit but also ties future earnings to the commercial success of the products developed under this agreement.

Chief executive officer's perspective on the milestone

Am Gill, chief executive officer of Biosenta, shared his enthusiasm about this new development: "This licensing agreement with Lightweight Concrete Solutions not only marks a pivotal advancement in the commercialization of our Tri-Filler technology, but also embodies our collaborative spirit. We are incredibly proud to partner with a team that reflects our diverse and innovative culture. This arrangement allows us to broaden the application of Tri-Filler within the construction industry, significantly advancing our mission to support solutions to global health challenges like anti-microbial resistance. We believe this licence agreement is a testament to the versatility and effectiveness of Tri-Filler, demonstrating its potential in building materials while promoting sustainability and innovation."

About Biosenta Inc.

Biosenta develops innovative anti-microbial products that offer environmentally friendly solutions to a global market. Based in Toronto, Ont., the company is dedicated to the advancement of technology that combats microbial growth in various materials. Biosenta's flagship product, Tri-Filler, represents a breakthrough in anti-microbial technology, providing durable protection against a wide spectrum of bacteria, moulds and fungi.

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