Oragin Foods Provides Update on Unsecured Debentures, Announces Resignation of Directors and Confirms No Interruption to Its Retail and CPG Operations - Seite 3

Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.

Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of Oragin Foods, that may cause the actual results, level of activity, performance or achievements of Oragin Foods to be materially different from those expressed or implied by such forward looking statements. Although Oragin Foods has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In this news release, the Company is making forward-looking statements including but not limited with respect to: the Company’s intention to continue discussions with the Holders and the ability to reach agreeable terms; the intention of the remaining director and management to evaluate the Strategic Options with a view to repaying the Unsecured Debentures, improving or removing the limitations pursuant to the Company’s insurance policies, and undertaking such actions as are required to bring the Company into compliance with the policies of the TSX Venture Exchange; the anticipated suspension of the Company’s listing on the Exchange; the Company’s intention to seek the appointment of additional directors and the number thereof; the potential impact of the limitations of the Company’s insurance coverage on the Company’s ability to secure additional appointments and the duration thereof; the Company’s ability to continue retail operations without material change or interruption, including there being sufficient cash on hand and resources to continue operations without experiencing the impact of the resignations of the Resigning Directors or the anticipated suspension of the Company Exchange listing at this time.