Boon Industries, Inc. announced that On August 3, 2022, Edouard Beaudette submitted a letter of resignation to Boon Industries, Inc. (the “Company”), resigning as a director of the Company and as its Chief Strategic Officer, effective September 3, 2022. On September 7, 2022, Eric Watson resigned from his positions as a director of the Company and as its Chief Operating Officer; Johann Loewen resigned from his position as a director of the Company; and Justin Gonzalez resigned from his positions as the Company's Chief Executive Officer, President and Secretary. Mr. Gonzalez will continue to serve as a director of the Company, and has been appointed to serve as the Company's Chief Operating Officer.

On September 7, 2022, the Board of Directors of the Company appointed William J. Reed to serve as the Chairman of the Board of the Company and as its Chief Executive Officer, President and Secretary. Mr. Reed, 44, previously served as the Chief Operating Officer of Gold Mountain Distribution, a logistics management solution for the cannabis industry, since March 2018. Mr. Reed also founded the Cali Care Group in 2010 and continues to serve as its principal owner and officer.

In connection with his appointment as Chairman and Chief Executive Officer, Mr. Reed entered into an employment agreement with the Company with a one-year term, pursuant to which Mr. Reed will be paid an annual salary of $200,000, which may be paid by the issuance of shares of the Company's Series A Preferred Stock, and issued $150,000 of shares of the Company's Series A Preferred Stock.