Chalice Brands Ltd. — Regulatory Filings 2021

May 26, 2021

NOTICE DECLARING INTENTION TO BE QUALIFIED UNDER NATIONAL INSTRUMENT 44-101 SHORT FORM PROSPECTUS DISTRIBUTIONS (“NI 44-101”)

May 25, 2021

• TO: The Ontario Securities Commission, as notice regulator, and each of the other securities regulators in the provinces of Canada where the Issuer is a reporting issuer

Chalice Brands Ltd. (the “Issuer”) intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

(signed) "Andrew Marchington" Andrew Marchington Chief Financial Officer