Beyond Oil Ltd. announced that it has entered into a distributor agreement with Vital Hospitality Ltd. The Distribution Agreement gives Vital Hospitality the rights and a license to market and sell Beyond Oil's product to food service customers in the United Kingdom. The Distribution Agreement establishes Vital Hospitality as a distributor of Beyond Oil's product in the food service market in the United Kingdom. Under the terms of the Distribution Agreement, Vital Hospitality will market, distribute and sell Beyond Oil's product To its existing and prospective customers in the United Kingdom and will also be responsible for providing training and support services to such customers.

The Distribution Agreement is dated August 8, 2023, has an initial term of four (4) years and will renew for an additional three (3) year term, subject to certain conditions. Product Highlights: Frying Oils Recovery: 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 free fatty acids ("FFA"), total polar materials ("TPM"), acrylamide, polycyclic aromatic hydrocarbons ("PAHs"), trans fats, 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 frying oil, see the Company's news release dated December 12, 2022. Distribution Ready: The Company received a non-objection letter from the US Food & Drug Administration ("FDA") in March 2022, on the basis that all the Beyond Oil Product ingredients meet food-grade specifications of the FDA.

In May 2022, Beyond Oil received a non- objection letter from Health Canada and a National Sanitation Foundation certification. Beyond Oil is legally permitted to sell its product into the Israeli market according to the processing-aid and filtering-aid regulations.