Artificial Intelligence Ventures Incorporated — Capital/Financing Update 2022

Dec 2, 2022

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ESG GLOBAL IMPACT CAPITAL INC.

1000 – 409 Granville Street

Vancouver, British Columbia, Canada V6C 1T2

ESG Global Impact Announces Financing and Consolidation

VANCOUVER, BRITISH COLUMBIA – December 1, 2022 – ESG Global Impact Capital Inc. (TSXV: ESGW, OTCQB:ESIFF, Frankfurt: ES3) (the “ Company ” ), announces that, subject to regulatory approval, ESG Global Impact Capital Inc. intends to conduct a non-brokered private placement offering comprising up to five million units at $0.07 per unit for total gross proceeds of up to $350,000. Each unit will consist of one post-consolidated common share and one three year warrant exercisable at 10 cents per post-consolidated common share for a period of 90 days from closing and thereafter at 15 cents per share. Finders' fees may be payable in connection with this offering. Proceeds will be utilized to supplement the Company's investment capital and to provide general working capital. Finders' fees and commissions may be payable subject to TSX Venture Exchange policies.

In conjunction with this private placement, the Company intends, by resolution of the directors, to consolidate the issued and outstanding shares of the Company on a one-newshare-for-3-old-shares basis. The Company currently has 31,825,453 common shares issued and will have 10,608,484 common shares issued on a post-consolidation basis. The Company currently has on intention to change its symbol or corporate name. Assuming completion of the maximum subscription of this proposed offering, the Company will have 15,608,484 common shares issued and outstanding on a post-consolidation basis.

The common shares issued pursuant to the private placement to subscribers resident in Canada in the offering will be subject to a statutory four-month hold period. The offering is subject to certain closing conditions, including, but not limited to, the receipt of applicable regulatory approvals, including approval of TSX-V, and the completion of required regulatory filings with TSX-V.

For more information on ESG Global Impact please visit the Company’s website at: www.esgcapital.com.

ON BEHALF OF THE BOARD

“David Berg”

Chief Executive Officer and Director

Email: info@esgcapitalinc.com

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forwardlooking statements and readers should not place undue reliance on such statements. Factors that could cause actual

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

results to differ materially from those in forward-looking statements include costs affecting profitability, availability of capital and financing on acceptable terms, general economic, market or business conditions, including the general risks associated with regulatory changes, availability of personnel, on a timely basis, accidents, and uninsured risks. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.