Plank Ventures Ltd. announced that it plans to combine and extend the maturity of existing loans the Company has with Lanebury Growth Capital Ltd. ("Lanebury") and Phoenix Ventures Inc. ("Phoenix"). Further to this, The Company announces extension of the due date on existing loans with Cascadia Junk Removals Inc. and Code Consulting Limited. The Company has entered into an agreement with Lanebury Growth Capital Ltd. to combine the following two existing loans, as of September 30th, 2023, into a single new promissory note: Loan with the principal amount of $3,673,028 CAD carrying 10% interest originally entered on January 1, 2023; Loan with the principal amount of $350,000 CAD carrying 12% interest originally entered on June 22nd, 2023; The maturity date of these two loans was September 30th, 2023.

The due date of the new combined loan shall be December 31, 2023 carrying 12% interest. The above combination and extension of the repayment terms of the loans from Lanebury Growth Capital Ltd. are related party transactions pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") because Mr. Lance Tracey is a control person of both Plank and Lanebury Growth Capital Ltd. Plank relied on the exemption from the valuation requirement pursuant to section 5.5(b)(Issuer Not Listed on Specified Markets) of MI 61-101 and from the minority shareholder approval requirement prescribed by section 5.7(1)(f) (Loan to Issuer, No Equity or Voting Component) of MI 61-101.