Mr. Scott Boyes reports

MPX INTERNATIONAL ANNOUNCES RESIGNATION OF CFO

David McLaren has resigned as chief financial officer of MPX International Corp., effective July 31, 2020, to pursue other opportunities. The Corporation noted that Mr. McLaren's departure is not related to any issues or disagreements regarding the Corporation's financial disclosures or accounting policies and practices.

The Corporation's Vice President Finance and Accounting, Jonathan Chu, has been appointed as Interim Chief Financial Officer. Mr. Chu holds a CPA, CA and a B. Comm from McGill University and has a strong track record in financial management having held various senior financial accounting positions. Mr. Chu has been with MPXI since inception in February 2019 following the spin-out transaction, pursuant to a plan of arrangement (the "Arrangement") with MPX Bioceutical Corporation ("MPX Bio") and iAnthus Capital Holdings Inc. and was Vice President Finance and Accounting with MPX Bio from October 2016 until completion of the Arrangement.

"On behalf of the Board of Directors and the employees of MPXI, I would like to thank David McLaren for his contributions to MPX International," said W. Scott Boyes, Chairman, President and Chief Executive Officer of MPXI. "The Board has begun a process to appoint a successor to Mr. McLaren and a further announcement will be made in due course. In the meantime, the Board has full confidence that Mr. Chu will succeed in shepherding MPXI's finance and accounting functions as he has been an integral part of the development and implementation of the financial planning and accounting functions of MPX International."

About MPX International Corporation

MPX International Corporation is a multinational diversified cannabis company focused on developing and operating assets across the global cannabis industry with an emphasis on cultivating, manufacturing and marketing products which include cannabinoids as their primary active ingredient.

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