Appreciated Completes Management and Board Restructuring and Enters Into Forbearance Agreement - Seite 2

Pursuant to the terms of the Forbearance Agreement, amounts advanced under the Bridge Loan will be payable upon demand but will be provided on an interest-free basis.

Further, as previously announced, the Corporation is subject to a cease trade order issued against the Corporation by the British Columbia Securities Commission as a result of the Corporation's failure to file the Corporation's annual financial statements, management's discussion and analysis and associated officer certificates for the year ended June 30, 2020 (the "Required Annual Filings"), in accordance with the timelines set forth in National Instrument 51-102 - Continuous Disclosure Obligations.

As a result, trading in the Corporation's securities was halted on the TSX Venture Exchange. The Corporation continues to work towards completing the Required Annual Financials and will provide a further update upon confirmation of the anticipated timing for completion.

Given the Corporation’s failure to make its Required Annual Filings and the cease trade order issued by the British Columbia Securities Commission, the Corporation has requested that trading in the Corporation’s common shares be halted on the OTC until such Required Annual Filings have been completed.

About Appreciated Media Holdings Inc.

Appreciated Media (TSXV: AMH) (OTCQB: AMEFF) is a multi-faceted entertainment company based in Vancouver.

Neither the TSX Venture Exchange Inc. ("Exchange") nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend," statements that an action or event "may," "might," "could," "should," or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond Appreciated Media's control and Appreciated Media's actual results could well differ materially from those stated or implied in forward-looking statements due to many various factors. Although Appreciated Media believes that the expectations reflected in the forward-looking statements are reasonable, Appreciated Media cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of todays date and Appreciated Media undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise.