Lifeist Wellness Inc. announced that it has entered into a Consulting Agreement (the "Agreement") with Singular Narrative Management Ltd. ("Singular"), an arm's length party, for the provision of strategic business consulting, product development, and brand marketing services to the Company as well as other services that do not include investor relations or promotional activities (the "Services"). The Agreement is for an initial term of 6 months and may be terminated by either party with 30-days' prior notice and is automatically renewable thereafter for additional one-month periods unless otherwise terminated by either party. Pursuant to the Agreement, the Company shall pay a monthly fee of $20,000 to Singular for the provisions of the Services, after such services have been provided, to be satisfied in common shares ("Shares") of the Company and common share purchase warrants ("Warrants"), with the number of Shares and Warrants issuable to Singular calculated based on dividing $20,000 by the 5-day volume-weighted average price ("WVAP") of the Shares for the last 5 trading days of each calendar month during which the Services are provided.

The exercise price of the Warrants shall equal the greater of the "Market Price" (as defined in Policy 1.1 of the TSXV) on the trading day prior to the date of issuance of the Warrants and $0.05 and the Warrants expire 5 years from the date of issuance. The Agreement and payment thereunder which constitutes a Shares for Services transaction under the policies of the TSXV has received the conditional acceptance of the TSXV but remains subject to the final acceptance of the TSXV.