Ms. Tara Haddad reports

FORMER MARS SALES EXECUTIVE LOREE KHAN JOINS MODERN MEAT AS HEAD OF CANADIAN SALES AND DISTRIBUTION - MODERN MEAT ARRANGES NON-BROKERED PRIVATE PLACEMENT FOR $2 MILLION AT $4.50

Modern Meat Inc. has appointed Loree Khan as head of Canadian sales and distribution. Modern Meat has been actively searching and recruiting top-level executives for the position with the criteria of having distinguished experience in the industry and long-standing strong relations with possible vendors.

Ms. Khan has over 13 years of experience as an executive at Mars Canada Inc., holding several roles as a pivotal key account manager (grocery, drug and new business), customer business manager, national account manager (food service) and direct sales manager with Mars Canada Inc. Mars, a multinational company and world leader in food, pet care and confectionery, known for its wide array of known and established confectionery brands, which include: Mars Bar, Snickers Bar, Skittles, Twix Cookie Bars, Wrigley brands and the world's single-leading candy brand, M&M's Chocolate Candies. Mars products can be found across Canada in almost every grocery/mass and convenience store plus every food service and retail distributor, a similar target market to Modern Meat products.

"I'm very excited that we were able to bring in top-level talent to our team. By Loree leveraging strong relationships with retailers, I believe there will be significant growth in our product distribution and brand awareness. The upcoming months for the company appear to be not only promising, but very exciting," stated Tara Haddad.

"Following my long tenure at Mars, I've been very selective with my employment opportunities, specifically looking for a product portfolio and management team aligned with my core values. At Modern Meat, after talking to Tara, I felt the passion for the company and its people, and I am eager to help further grow the brand. I am excited by its mission for expansion, socially responsible management team, and portfolio of healthier and better-for-you products. The Modern Meat portfolio of top-tier products is well positioned for explosive growth in a category where consumption rates continue to climb year over year. With these two measurements in hand, I felt it was the right opportunity for myself to help drive the sales organization in partnership with our valued customer base and apply my years in sales experience to grow the company to its full potential," stated Ms. Khan.

Non-brokered financing

Modern Meat has arranged non-brokered private placement of up to 444,445 units of the company at a price of $4.50 unit for gross proceeds of $2-million.

Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional common share of the company for a period of two years at $5.50 per common share. Each warrant is subject to accelerated expiry provisions, such that, if, at any time after the expiry of any resale restriction governing the subscribed shares, the corporation's common shares trade on the Canadian Securities Exchange at or above a volume-weighted average trading price of $6 per common share for 10 consecutive trading days, the company may give notice to the holders that each warrant will expire 30 days from the date of providing such notice. All securities issued pursuant to the private placement are subject to a statutory four-month hold period pursuant to applicable securities laws of Canada.

The proceeds raised from the offering will be used by the company for brand awareness of its product, investor relations activity, product development and for general working capital purposes. In connection with the offering, the company may pay a finder's fee subject to the policies of the CSE. The company expects to have insider participation in the offering.

About Modern Meat Inc.

Modern Meat is a Canadian food company based in Vancouver, B.C., that offers a portfolio of plant-based meat products.

We seek Safe Harbor.