CORRECTION – Earth Alive Acquires Interlube and Completes Simplified Vertical Merger - Seite 3

All dollar amounts mentioned above are in Canadian currency.

Merger Details

Immediately following the Transaction's closure, effective February 1, 2024, Earth Alive completes a simplified vertical merger with Interlube, its wholly-owned subsidiary, under the provisions of the Canadian Business Corporations Act (the "Merger"). After the Merger, the Company (i) retains the legal name "Earth Alive Clean Technologies Inc.," (ii) maintains the same bylaws, (iii) makes no changes to the composition of the board of directors or its management, (iv) issues no securities, (v) retains the same CUSIP for the Company's common shares, and (vi) the "EAC" symbol on the TSX Venture Exchange remains unchanged. The Merger is completed to streamline the corporate structure and leverage certain tax deductions.

The merger certificate confirming the Merger is available on SEDAR+ under the Company's profile at https://sedarplus.ca.

About Earth Alive Clean Technologies Inc.

Earth Alive is a leader in microorganism-based technologies. The company's innovative products contribute to regenerative agriculture, natural dust suppression with minimal water consumption, and ecological and human-friendly industrial cleaning. For more information, please visit: https://earthalivect.com/.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking statements

This press release contains forward-looking statements. All statements other than statements of present or historical facts are forward-looking. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as “should”, “potentially”, “ambitions”, “could”, “contribute” and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include the ability of the biofertilizers market in Spain to reach 115 Million Euros by 2026, the potential of Spain’s market to be of 1.2 Billion Euros, Earth Alive’s ability to be a major player in this market Soil Activator’s ability to play a pivotal role in rehabilitating damaged soil, the ability of ea1 to prevent dust from invading crops, the ability to book the first sales in Spain of out dust-repellent in Q1 2024 and other risks described in Earth Alive’s documents filed with Canadian securities regulatory authorities. You can find further information with respect to these risks and other risks in Earth Alive’s 2022 Annual MD&A, as updated in Earth Alive’s 2023 First and Second Quarter MD&As, and other filings made with Canadian securities regulatory authorities available at https://sedarplus.ca. These documents are also available on our website at https://earthalivect.com/. Earth Alive disclaims any obligation to update or revise these forward-looking statements except as required by applicable law.