Mr. Steve Vanry reports

CULT FOOD SCIENCE CLOSES DEBT SETTLEMENT

Cult Food Science Corp. has closed the previously announced debt settlement agreement to settle outstanding debts owed to an arm's-length creditor totalling $132,500.

Pursuant to the settlement agreement, the company has agreed to issue an aggregate of 8,833,333 shares at a deemed price of 1.5 cents per share. The company will be relying on Section 2.24 of National Instrument 45-106 (Prospectus Exemptions) for the shares issued to the creditors. Securities issued under the exemption are not subject to a hold period and are free trading.

The board of directors of the company determined that it is in the best interests of the company to complete the debt settlement to preserve the company's cash for working capital.

About Cult Food Science Corp.

Cult Food Science is a disruptive food technology investment platform focused on making investments to pioneer the commercialization of lab-grown meat and cellular agriculture to reshape the global food industry. The company's investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for predetermined royalties or distributions, and the acquisition of all or part of one or more businesses, portfolios or other assets. The company also provides operational, advisory and commercialization support to select companies in its portfolio, including collaboration in launching new consumer brands and products. The company's objective is to reshape the global food system while enhancing long-term shareholder value through active stewardship and innovation.

We seek Safe Harbor.