Beyond Oil Provides Update on Commercial Partnership with Fandango Collection & Recycling Ltd.

Exclusive Distributor in Israel Expanding its Outreach in the Israeli Food Service Industry

VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / May 16, 2023 / Beyond Oil Ltd. (CSE:BOIL) (OTC PINK:BEOLF) ("Beyond Oil" or the "Company"), a food-tech innovation company extending the life of frying oil, reducing costs and waste, is pleased to provide an update on the definitive agreement that was signed between Beyond Oil and Fandango Collection & Recycling Ltd. ("Fandango") that was previously announced in a news release dated February 15, 2023.

Customer Product Demonstrations

Fandango has launched a comprehensive product demonstration initiative across the State of Israel that divides the country into several geographical territories, whereby each territory is managed by Fandango's regional managers, who oversee the relationship with a roster of existing customers who are testing the Beyond Oil product. The results of the product demos have been very positive thus far, and the partnership has organically resulted in new customer relationships for Beyond Oil. As expected, each of the product demonstrations has confirmed the ability of Beyond Oil's product to extend oil use life by many multiples.

"We are excited to distribute and market Beyond Oil's product, which we believe will offer unparalleled benefits for the environment, business operations, and the health and safety of the customers," said Shai Medioni, CEO of Fandango. "Many of Fandango's customers have been with us for decades, and they are very pleased with the ability of this product to extend oil life and produce a much healthier product for their own customers. We now have first-hand, independent confirmation that the Beyond Oil product achieves all of the outcomes that their team claimed it would when we began investigation of the product earlier this year. Fandango is excited to be participating in what we believe is revolutionizing the food oil industry."

"We are very pleased with the results thus far from our product demonstration initiative in Israel," said Jonathan Or, CEO and Co-Founder of Beyond Oil. "Our strategic partnership with Fandango marks a significant step forward for Beyond Oil. This partnership allows us to establish a solid foundation for our business in the local Israeli market, bringing us one step closer to achieving our mission of providing sustainable solutions for the food-service industry across the globe. We are looking forward to continuing our work with Fandango and accelerating our outreach in the weeks and months to come."