Hyper Bit Technologies Ltd. — Regulatory Filings 2023

Dec 9, 2023

Trading Symbol: SPS

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December 8, 2023

News Release

Sweet Poison to Issue Shares for Debt

Vancouver, British Columbia –– Sweet Poison Spirits Inc. (CSE: SPS) (the “ Company ” or “ Sweet Poison ”) announces that the Company has arranged to settle outstanding debt with various creditors, including insiders and a private company controlled by an insider, in the aggregate amount of $143,885.40 through the issuance of up to 2,877,708 post-consolidated shares at a post-consolidated price of $0.05 per share (the “Debt Settlement”).

The amount of $131,285.40 is owing to insiders and the issuance of any shares to insiders will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). Such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the financial hardship exemptions available thereunder.

ON BEHALF OF THE BOARD

(Sgd.) “Robert Eadie”

Robert Eadie, President, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-602-4935 ext. 205 Contact: Robert Eadie

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility

for the adequacy or accuracy of this release.

Sweet Poison Spirits Inc., Suite 750, 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone: (604) 602-4935  Fax: (604) 602-4936