Beyond Oil Announces Voting Results of Annual and Special Meeting of Shareholders

VANCOUVER, B.C. and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / April 26, 2024 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) ("Beyond Oil" or the "Company"), a food-tech innovation company extending the life of frying oil, reducing costs and waste, is pleased to announce the voting results from the Company's annual and special meeting of shareholders held on April 25, 2024 (the "Meeting"). In total 54.83% of the Company's outstanding shares were represented at the Meeting. Each of the items of business was approved and passed by the Company's shareholders at the Meeting with the requisite approval thresholds, namely:

1. Setting the number of and electing directors of the Company;
2. Appointing an auditor for the ensuing year;
3. Approving the amendment to the Company's omnibus equity incentive plan;
4. Amending the deferred purchase price agreement;
5. Approving the extension of the expiry date of 2,683,333 warrants; and
6. Approving the extension of the expiry date of 2,241,324 warrants.

All of the items of business were overwhelmingly approved by shareholders, and in the case of items 4 and 6 above, were approved with the requisite "minority approval" (as such term is defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions).

About Beyond Oil Ltd.

Beyond Oil is an innovative food-tech company dedicated to transforming the way we consume and produce food. We provide sustainable solutions for the food industry, prioritizing environmental protection and the well-being of its workers and customers. Our innovative solutions help reduce costs for our partners and clients while ensuring responsible and eco-friendly practices. We are committed to environmental responsibility, minimizing the carbon footprint of the food industry on our planet. By implementing cutting-edge techniques, we deliver a healthier final product by reducing the formation of carcinogenic substances in fried food. Our vision is to create a more sustainable future where food safety, cost efficiency, and environmental consciousness come together seamlessly. For more information, visit our website at:  www.beyondoil.co.