Psyched Wellness Announces Secured Term Loan

Toronto, Ontario--(Newsfile Corp. - September 10, 2026) - Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the "Company" or "Psyched Wellness"), a life sciences company focused on the production and distribution of Amanita Muscaria-derived health and wellness products, announces that it has entered into secured term notes (the "Notes") with Gotham Green Fund I, L.P. and Gotham Green Fund I (Q), L.P. (together the "Lenders") for an aggregate principal amount of US$244,541 (the "Loan"). The proceeds of the Loan will be used by the Company for operating expenses and inventory purchases related to operating the Company's business under the AMA brand.

The Loan bears interest at the rate equal to the applicable Secured Overnight Financing Rate (SOFR) plus 5% per annum, compounded annually in accordance with the terms of the Notes, with all accrued interest together with the principal amount payable on September 9, 2028 (the "Maturity Date"). Each Note is secured by a continuing security interest over all assets and property of the Company directly related to the Company's business under the AMA brand.

The Loan constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the Lenders, together with their affiliates and/or co-investors, jointly control over 10% of the outstanding common shares of the Company. The Company is relying on the exemptions from formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company's market capitalization.

For further information, please contact:

Michael Nederhoff Interim Chief Executive Officer Psyched Wellness Ltd. Tel: [phone] Email: [e-mail] Website: http://www.psyched-wellness.com

About Psyched Wellness

Psyched Wellness is a Canadian-based health supplements company dedicated to the distribution of mushroom-derived products and associated consumer packaged goods. The Company's objective is to create premium mushroom-derived products that have the potential to become a leading North American brand in the emerging functional food category.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the use of proceeds of the Loan; the Company's future financing or transactional or operational activities and the Company's ability to carry out its objectives and develop its business and products following the date hereof.

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