Pontus Protein Ltd. announced that, pursuant to its news releases dated March 31, 2021, February 24, 2021 and February 3, 2021, Pontus is on track to complete its phase 1 of production, laboratory infrastructure (the "Lab") construction by mid-June, at its Surrey, British Columbia production facility (the "Surrey Facility"). The Lab will replace the current production capacity from Pontus' first farm in Victoria, B.C. Prior to securing the prebuilt 20,570 sq ft Surrey Facility, Pontus forecasted its annual production capacity at 6.4 metric tonnes of annualized product based on building a 10,000 sq ft facility. The additional space of the Surrey Facility has enabled Pontus to add the research and development Lab space and increase its overall production capacity. Based on detailed analysis, the Company is now projecting an increased production of up to 11.0 metric tonnes of annualized product, a 72% increase in output from previously stated numbers.