Purebread Brands receives MCTO

Mr. Amrit Maharaj reports PUREBREAD BRANDS GRANTED MANAGEMENT CEASE TRADE ORDER AND ANNOUNCES RESIGNATIONS OF BOARD MEMBERS Purebread Brands Inc. has applied for a management cease trade order (MCTO) in connection with the delay in filing its audited annual financial statements, the related management discussion and analysis, and chief executive officer and chief financial officer certifications for the financial year ended March 31, 2025. Purebread was obligated to file the required filings on or before July 29, 2025, in accordance with applicable securities laws. The company determined that it was unable to meet the filing deadline due to a working capital shortfall, which has delayed the engagement of the auditor and in turn the completion of the audit process necessary for the required filings. As a result, the company applied for and was granted an MCTO today by the British Columbia Securities Commission under National Policy 12-203, Management Cease Trade Orders. The company has since secured loan financing sufficient to cover the audit-related fees and formally engage the auditor. The audit process is now under way and is expected to be completed within the relief period ending on Sept. 29, 2025, as provided under the MCTO. While the MCTO is in effect, the general investing public will continue to be able to trade freely in the company's listed common shares. However, the company's interim chief executive officer, chief financial officer, and such other directors, officers and persons as determined by the applicable regulatory authorities will not be able to trade the company's shares. The company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 for as long as it remains in default, including the issuance of biweekly default status reports, each of which will be issued in the form of a news release. The company also confirms that, at the date hereof, there are no insolvency proceedings against it and no other material information concerning the affairs of the company that has not been generally disclosed as of the date of this press release. Board resignations The company also announces the resignations of Andrew Barnes and Marija Radulovic-Nastic from its board of directors. "On behalf of Purebread and our stakeholders, I would like to thank Andrew and Marija for their service and counsel during a critical stage in our development," said Amrit Maharaj, interim chief executive officer. "We are grateful for their support and insights, and we wish them continued success in their future endeavours." About Purebread Brands Inc. Purebread is a leader in fast-casual cafe/bakeries in British Columbia, driving retail expansion in vibrant communities across Canada and beyond. Purebread is committed to crafting exceptional food experiences and making a positive impact on the communities it serves. We seek Safe Harbor.