Blender Bites Extends Facility Loan with Export Development Canada, Announces Director Resignation and Engages Bunt Capital

(TheNewswire)

March 26, 2025 – Vancouver, British Columbia – TheNewswire - BlenderBites Ltd. (the “ Company ”, “ BlenderBites ”, “ Blender ” or the “ Borrower ”), (CSE: BITE , FWB: JL4 ,WKN: A3DMEJ ), a multi-award-winning Canadiancompany involved in the development and marketing of a line ofpremium, frozen functional food and beverages, announces that it hasentered into an agreement (“ Amending Agreement ”) with Export DevelopmentCanada (“ EDC ”) to establish a new $500,000 BridgeFacility (“ BridgeFacility ”) in addition to the existing$2,000,000 Facility Loan from EDC (see Company press releasedated November 9,2023 ). The Bridge Facility will berepayable on demand and will mature on the date on which the Borrowercompletes a sale of its shares or 90 days from the date of the BridgeFacility advance.

The Company also announces the resignation of Mr. GrantSmith from its Board of Directors, effective March 20, 2025. The Boardof Directors thanks Mr. Smith for his contributions to the Company andwishes him the best in his future endeavors.

In addition, the Company also announces that it hasengaged Bunt Capital Corporation (“ Bunt Capital ”)(business address: 64 Russell Hill Road, Toronto, ON M4V 2T2; website:www.buntcapital.com) to provide consultingservices related to mergers and acquisitions (M&A) (the" Services "). As compensation, the Company has agreed to grant25,000 stock options and 95,000 restricted share units to BuntCapital, under its equity incentive plan. No additional securitieshave been issued to Bunt Capital or its principals beyond thisgrant.

ABOUT BLENDER BITES

Blender Bites is a multi-award-winning Canadian companyinvolved in the development and marketing of a line of premium frozenbeverage products with a focus on functionality. Blender Bites wasfounded in 2017 and quickly became a leader in the “easy smoothie”category in North America. With a focus on better-for-you ingredientsand convenience, the Company is proud to be pre-portioned without theuse of any inner plastic packaging. Blender Bites products arecertified organic, non-GMO, gluten free, dairy free and soy free andcontain functional ingredients such as whole food vitamins, collagen,and probiotics. Blender Bites 1-Step Smoothies and 1-Step Frappes aredistributed across Canada and the US, and are currently sold in over7000 stores, including Walmart, Albertsons, HEB, Whole Foods andPublix.

On behalf of the Board of Directors,

Blender Bites Limited

Chelsie Hodge, Chief Executive Officer

Email – chelsie@blenderbites.com

Telephone – 236-521-0626

For further information, contactBlender IR Team at:

Email – investors@blenderbites.com

Telephone – 1-888-997-2055

Media Contact – teamblenderbites@jonesworks.com

CAUTIONARY DISCLAIMERSTATEMENT

This news release includes certain“forward-looking statements” under applicable Canadian securitieslegislation. Forward-looking statements are necessarily based uponseveral estimates and assumptions that, while considered reasonable,are subject to known and unknown risks, uncertainties, and otherfactors which may cause the actual results and future events to differmaterially from those expressed or implied by such forward lookingstatements. Such factors include, but are not limited to generalbusiness, economic, competitive, political, and social uncertainties,and uncertain capital markets. Readers are cautioned that actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements. The Company disclaimsany intention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except as required by law.

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