CANYON CREEK CLARIFIES NEW PRODUCT LAUNCH NEWS RELEASE

Executive Summary

• Canyon Creek entered a distribution agreement for its new clam chowder product with a major Western Canadian big‑box retailer.
• The agreement provides an initial annual purchase commitment of $445,000 from the big‑box distributor and an estimated $1,500,000 in sales through national food‑service channels.
• Commitments are year‑to‑year with volume reassessments after each fiscal year, indicating a potentially expanding revenue stream for the Company.

Key Details

• Agreement Date: January 12 2026 (clarified on Jan 13 2026).
• Product: Clam chowder (new addition to Canyon Creek’s fresh soup line).
• Big‑Box Distributor Commitment: $445,000 of product annually, with yearly renewal and volume reassessment.
• National Food‑Service Estimate: Additional $1,500,000 in sales expected, subject to ordinary industry risks.
• Distribution Scope: Product will be sold through the identified big‑box retailer in Western Canada and distributed nationally to food‑service customers.
• Contract Structure: Year‑to‑year annual commitments; volumes to be reassessed at each year‑end.
• Management Comment: Terry Alty, President, expressed excitement about market expansion and anticipated growth for the clam chowder offering.

Notable Quotes

“The Company is excited about the expansion of its product offerings into clam chowder which it anticipates will be an exciting and expanding market over the course of the coming years.” – Terry Alty, President, Canyon Creek Food Company Ltd.