Kalon Acquisition Corp. — Board/Management Information 2021

Jun 29, 2021

KALON ACQUISITION CORP. Suite 2200, 885 West Georgia Street Vancouver, British Columbia V6C 3E8

NEWS RELEASE

KALON APPOINTS CHARLES WALENSKY TO BOARD OF DIRECTORS

June 28, 2021 – Vancouver, British Columbia – Kalon Acquisition Corp. (the “ Company ”) (TSXV: KAC.P) announces that Charles Walensky has been appointed to the board of directors. Mr. Walensky is the President and Chief Executive Officer of The WF Group, Inc., an investment company based in Minneapolis, Minnesota and the managing member of WF Opportunity Fund, LLC started in 2003, and was previously the President and Chief Executive Officer of WF Industries, Inc., a ferrous and non-ferrous metals recycling company. Mr. Walensky is also the President and Chief Executive Officer of CW + Co International, LLC an international commodities merchant, and of Seabulkers, Ltd. Mr. Walensky has experience investing in public and private companies in a variety of industries and has served as interim Chief Financial Officer and Acting Chief Operating Officer of a publicly held AMEX listed apparel company.

Finalization of Mr. Walensky’s appointment is subject to the review and approval of the TSX Venture Exchange in accordance with Exchange Policy 2.4 – Capital Pool Companies . Mr. Walensky will resign from the board of directors at the request of the TSX Venture Exchange in the event such approval is not obtained.

For further information, contact Peter Shaerf at pshaerf@amausa.com.

On behalf of the Board,

Kalon Acquisition Corp.

Peter Shaerf, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.