Mr. Jonathan Or reports

BEYOND OIL EXPANDS INTO MEXICAN FRYING MARKET WITH DISTRIBUTION AGREEMENT WITH FARMACY MEXICO AND EXPANDS INVESTOR RELATIONS TO REACH NEW AUDIENCES

Beyond Oil Ltd. has achieved a significant commercial milestone with its first distribution agreement in Mexico. Pursuant to a distribution agreement with Farmacy Mexico, a leading company in distribution of innovative products for food, industrial, agro-food and pharmaceutical sectors in Mexico, Beyond Oil has granted Farmacy Mexico non-exclusive distribution rights to sell the Beyond Oil product in Mexico. This collaboration also marks Beyond Oil's first activity in Latin American markets as part of its accelerating global expansion strategy.

Pursuant to the distribution agreement, which was executed on Oct. 30, 2024, Beyond Oil has received payment from Farmacy Mexico for its first order and has recently made the shipment, with initial customer sales expected to commence in Mexico in the near future.

Leo Kan, chief executive officer of Farmacy Mexico, commented: "Since its establishment in 2014, Farmacy Mexico has been committed to providing high-quality and cutting-edge solutions for all of our customers in the food industry. The Beyond Oil product completely fits within our vision of improving food quality for consumers in the Mexican market. We are very excited to be commencing on this journey with Jonathan Or and the whole Beyond Oil team in Mexico."

Jonathan Or, CEO of Beyond Oil, commented: "We are extremely proud to be expanding into the restaurant market in Latin America. Our global market penetration strategy is producing significant results and Beyond Oil remains strongly committed to accelerating the pace and geographic scope of our expansion in Latin America and beyond, targeting new pilots and sales in additional international markets. We are glad to welcome Leo Kan and his team at Farmacy Mexico to the Beyond Oil family as an important first step into this growing market."

Expanding investor relations services for English- and German-speaking audiences

Pursuant to Canadian Securities Exchange Policy 7.3, Beyond Oil also announces that it has signed a new engagement with Arx Consulting Ltd., a leading capital markets data and strategy firm, to support the company in expanding its brand awareness, market positioning and investor relations to new German- and English-speaking audiences, including through digital multimedia platforms and partners. Onboarding will commence shortly following the signing of the Arx Consulting agreement and approval of the CSE on Jan. 4, 2025, with the services estimated to commence toward the end of January, 2025. The Arx Consulting agreement includes a one-time fee of $370,000 (U.S.), for a contractual period of up to six months. Arx Consulting is based in Tel Aviv, Israel, with its corporate office at 22 Rothschild Blvd., and operates internationally with clients in the United States, Canada, Europe and Israel. The consultant can be reached at beyondoil@arxadvisory.com or by telephone at 1-315-203-5471.

Consulting services agreement

Pursuant to CSE Policy 6, Beyond Oil also announces that it has entered into a consulting services agreement with Pliancy Consulting Group Ltd. in respect of certain consulting and services to Beyond Oil. The consulting services agreement was entered into on Jan. 4, 2025, has a term of six months and provides that the services will commence shortly after signing. The consulting services agreement includes a one-time fee of $200,000 (Canadian), plus GST, which has been paid in the form of 149,386 common shares, including GST. The amount of payment shares was determined based on the average closing price of the company's common shares on the CSE during the last 21 trading days preceding the date of signing. The payment shares are subject to a four-month-plus-one-day hold period, pursuant to applicable securities laws.

About Beyond Oil Ltd.

Beyond Oil is an innovative food tech company in the health sector, with over 15 years dedicated to disruptive solutions, and has registered patents in Israel, the United States and Europe, as well as clearance from the U.S. Food and Drug Administration, the Ministry of Health in Israel, and Health Canada. The Beyond Oil product mitigates cancer and cardiovascular risks in fried and processed foods consumed in people's day-to-day lives. Beyond Oil provides a disruptive solution for food processing and food service companies striving to produce and serve healthier food, and to increase sustainability, while improving food quality and saving their costs.

About Farmacy Mexico

Farmacy Mexico is a leading company in distribution of innovative products for food, industrial, agro-food and pharmaceutical sectors in Mexico. Since its establishment in 2014, it remains committed to providing high-quality and cutting-edge solutions for their customers. Its mission is to be the preferred partner for its customers, delivering innovative products and solutions that meet their needs and expectations, always focusing on quality, safety and service. It offers the following products and services: (a) solutions for the food industry; (b) high-quality agro-food products; (c) distribution of innovative pharmaceutical products; and (d) technical and commercial consulting.

We seek Safe Harbor.