Generative AI Solutions Corp. announced that it has entered into a definitive business combination agreement dated February 16, 2023 with Ultron Capital Corp. pursuant to which, subject to the satisfaction of certain conditions, including receipt of all necessary shareholder and stock exchange approvals, among other things, Ultron and AI will complete a transaction which will result in a reverse takeover of the Company by Ultron, and which will constitute a fundamental change of the Company, as defined by the policies of the Canadian Securities Exchange.

Proposed Management of the Resulting Issuer: Upon completion of the Proposed Transaction, it is proposed that the following individuals will form the board of directors and executive team of the Resulting Issuer: Ryan Selby – Chief Executive Officer and Director - Paul Ciullo – Chief Financial Officer - Aaron Bowden – Director and Patrick Gray – Director.