Blender Bites Limited Provides Update On Default Announcement Pursuant To National Policy 12-203 - Management Cease Trade Orders

(TheNewswire)

March 14, 2025 – Vancouver, British Columbia – TheNewswire - BlenderBites Limited (the “ Company ”, “ Blender Bites ” or“ Blender ”), (CSE: BITE, FWB: JL4, WKN: A3DMEJ) is providing thisbi-weekly update on the status of the management cease trade ordergranted on March 3, 2025 (the “MCTO”) by its principal regulator,the British Columbia Securities Commission under National Policy12-203 – Management Cease Trade Orders (“NP 12-203”), followingthe Company’s announcement on February 14, 2025 (the “DefaultAnnouncement Date”) that it was unable to file its audited annualfinancial statements for the financial year-ended October 31, 2024 andthe related management’s discussions and analysis, and CEO and CFOcertificates (collectively, the “ Required Filings ”),which were required to be filed on or before February 28, 2025. TheMCTO does not affect the ability of investors who are not insiders totrade the securities of the Company.

The Company reports that: (i) there are no changes tothe information contained in the Default Announcement that wouldreasonably be expected to be material to an investor; (ii) the Companyis satisfying and confirms that it intends to continue to satisfy theprovisions of the alternative information guidelines under NP 12-203and issue bi-weekly default status reports for so long as the delay infiling the Required Filings is continuing, each of which will beissued in the form of a press release; (iii) there has not been anyother specified default by the Company under NP 12-203, and, except asset forth below, no such other default is anticipated; (iv) theCompany is not subject to any insolvency proceedings; and (v) there isno material information concerning the affairs of the Company that hasnot been generally disclosed.

The Company continues to work with its auditors tocomplete the audit of the Company’s consolidated financialstatements and expects to file the required filings on or around April29, 2025. The delays are due to the Company's former auditor,GreenGrowth CPAs, resigning as the auditors of the Company on theirown initiative on July 10, 2024 and the Company's new auditor notbeing appointed until October 31, 2024, as well as the resignation ofthe Company’s former CFO on February 13, 2025.

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, including the timing of filing of the Required Filings bythe Company. 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. All of these assumptions have been derived frominformation currently available to the Company including informationobtained by the Company from third-party sources. Readers arecautioned that actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements.The Company disclaims any intention or obligation to update or reviseany forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.

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