Beyond Oil Ltd. announced, further to a news release disseminated on March 17, 2022, that it has entered into a definitive distribution agreement with Oil Solutions Group Inc. The Distribution Agreement gives Oil Solutions Group the rights and license to market and sell Beyond Oil's product to its restaurant customers in the United States. Oil Solutions Group, based in Texas and Georgia, U.S., is a pioneering company providing cutting-edge oil management solutions with high-quality filtration products. With over 35 years of experience, they are nationally recognized as leaders in extending oil life for the food-service industry.

Thousands of their satisfied customers, including multinational chains, have saved millions of dollars and oil pounds, benefiting from value-added best practices that enhance product quality and sales. Oil Solutions Group's best-in-class filtration products include the patented Masterfil®? reusable filters, with 0.5-micron 'depth filtration' media, and the Armadillo®?

filter machine, designed for easy cleaning and service. Their expert team with over 145 years of food service experience assists in maximizing return on investment and optimizing oil life compliance. The Distribution Agreement became effective on July 31, 2023 and establishes Oil Solutions Group as the first non-exclusive distributor of Beyond Oil's product in the US food service market.

Under the terms of the Distribution Agreement, Oil Solutions Group will market, distribute and sell beyond Oil's product to its existing and prospective customers in the United States and will also be responsible for providing training and support services to such customers. Beyond Oil and Oil Solutions Group have agreed to coordinate on joint marketing efforts under the Distribution Agreement. The initial term of the Distribution Agreement is for one year (the "Initial Term"), but will renew for an additional term of three years upon the parties executing a renewal agreement before the expiry of the Initial Term.

Product Highlights: Extensive testing indicates that the Beyond Oil Product extends the usable life of frying oil, improves product quality, and reduces frying oil costs. As a preferential adsorbent, the product reduces and prevents the formation of harmful components such as total polar materials ("TPM"), Trans Fats, Acrylamide, Polycyclic aromatic hydrocarbons ("PAHs"), and other impurities, ensuring frying oil stays fresh and fried food tastes fantastic. Potential Cost-Savings: One of Beyond Oil's unique value propositions is that it can dramatically lower costs for quick-service restaurants by significantly extending the useful life of the oil while meeting food quality and safety requirements.

For more information on how the Beyond Oil Product extends the life of fried oil, see the Company's news release dated December 12, 2022. Distribution Ready: The Company received a non-objective, a non-objective, and a non-objective filtration solution for the Company's business.