Mr. Jonathan Or reports

BEYOND OIL RECEIVES PAYMENT FOR LATITUDE'S MARCH ORDER SIZED 21.6T AS PART OF MASTER DISTRIBUTION AGREEMENT

Beyond Oil Ltd. has received payment for the third order under its previously announced master distribution agreement with Latitude Ltd.

The March order, totalling 21.6 tonnes (T) of the Beyond Oil product, represents an 100-per-cent increase from the January order of 10.8 T and an increase of approximately 31 per cent over the February order of 16.48 T, reflecting growing demand and strong momentum in the partnership. The payment for the March order was received in full, underscoring the robustness of the strategic collaboration, which includes minimum purchase commitments totalling $8.3-million (U.S.) during the fiscal year 2025 as part of a five-year agreement.

Jonathan Or, chief executive officer of Beyond Oil, commented: "The processing of Latitude's March order, representing a continued increase in shipment sizes, continues to highlight the accelerating adoption of our product within the U.S. food service industry. Latitude's strong distribution network and operational efficiency continue to serve as key drivers of this growth. We are glad to continue building on this momentum as we expand our footprint across the United States and around the globe."

The collaboration between Beyond Oil and Latitude focuses on rapidly expanding market penetration in the United States, leveraging Latitude's established subdistributor network and expertise in logistics. This partnership positions Beyond Oil to reach all customer levels, from small and medium-sized businesses to high-profile restaurant groups, while maintaining cost-efficient operations.

About Beyond Oil Ltd.

Beyond Oil is a food-tech innovation company with over 15 years of dedication to creating solutions that mitigate health risks, improve sustainability and reduce costs for food service companies. The company's patented technology, with regulatory clearances from the U.S. Food and Drug Administration, and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil's solution tackles a global issue in the food industry: the widespread practice of reusing frying oil for hundreds of cycles across several days. This practice is common in restaurant kitchens, hotels, catering services, banquet halls, fried food manufacturing plants, and institutions such as schools, kindergartens and military facilities. Beyond Oil's product is backed by extensive research, which has highlighted its value in health risks associated with reused oil, including links to cancer and cardiovascular diseases. Beyond Oil's product provides an effective means to mitigate these risks while offering additional benefits, such as improved food quality, operational cost savings and reduced environmental impact.

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