Above Food Receives NASDAQ Determination Letter Under Nasdaq Listing Rules 5250(c)(1) and 5250(c)(2)

Regina, Saskatchewan--(Newsfile Corp. - June 1, 2026) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("Above" or the "Company") received a written notice (the "Delist Determination") that the Nasdaq Hearings Panel (the "Hearings Panel") has determined to delist the common shares and warrants of the Company (collectively the "Securities") from The Nasdaq Stock Market ("Nasdaq") due to the Company's failure to comply with the filing of its audited financial statements and associated Form 20-F by the extension date granted by the Hearings Panel under Nasdaq Listing Rules 5250(c)(1) and 5250(c)(2).

Trading in the Company's Securities will be suspended at the open of trading on June 2, 2026.

The Company continues to work diligently to file its audited financial statements contained in the Form 20-F and all filings necessary to meet the re-listing requirements of the Nasdaq as quickly as possible.

In the interim, the Company is also considering alternatives including whether to request an appeal to the Delist Determination to the Nasdaq Listing and Hearing Review Council (the "Council") in accordance with Nasdaq Listing Rule 5820(a) and the re-listing process.

The Company expects the Securities will be immediately eligible for quotation on the OTCID market operated by OTC Markets under its trading symbol: ABVEE, which may have a material adverse effect on the trading price and volume of the Securities, and the Company's shareholders may find it more difficult to buy or sell their Securities.

About Above Food Ingredients Inc.

Above Food Ingredients Inc. (NASDAQ: ABVE) is an agricultural and food technology company whose vision is to create a healthier world - breaking the cycle of world hunger, one seed, one field, and one bite at a time. Above's robust chain of custody of plant proteins and proprietary seed development capabilities, leverage the power of artificial intelligence-driven genomics and agronomy, and together with Palm's financial technologies will help to break the global cycle of hunger.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain "forward-looking information" within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," future," "opportunity," "plan," "may," "should," "will," "could," "will be," will continue," and similar expressions.

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