International Zeolite Corp. announced a private placement for gross proceeds of up to CAD 2,000,000 at a price of CAD 0.15 per unit of up to 13,333,334 units on November 22, 2022. CoTec Holdings Corp.

will be acting as a due diligence provider for the offering on behalf of the company. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.18 for a period of 12 months following the distribution date.

The closing of the Offering will be subject to certain conditions including receipt of IZ shareholder approval and all necessary TSXV approvals. All securities issued pursuant to the Private Placement will be subject to the applicable statutory four months plus a day hold period.