Nepra Foods Inc. — Major Shareholding Notification 2026

Feb 6, 2026

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PRESS RELEASE FOR EARLY WARNING REPORT FILED PURSUANT TO NI 62-103

Vancouver, British Columbia – February 2, 2026 – William Hogan (the "Transferor") announces that on January 30, 2026, he transferred an aggregate of 4,742,857 common shares purchase warrants ("Warrants") of Nepra Foods Inc. (the "Issuer") (CSE: NPRA) to three third parties for nominal consideration (the "Transfer") and has filed an early warning report advising of his holdings in the Issuer. Additionally, all remaining Warrants held by the Transferor expired without being exercised or transferred.

Immediately prior to the completion of the Transfer, the Transferor beneficially owned or otherwise exercised control or direction over 34,285,572 common shares in the capital of the Issuer ("Common Shares") and 10,840,000 Warrants, representing approximately 36.27% of the issued and outstanding Common Shares (on a partially diluted basis, or approximately 30.73% of the issued and outstanding Common Shares after taking into account the conversion of all issued and outstanding Class A multiple voting shares ("Class A Shares"). Each Class A Share is convertible into 100 Common Shares in accordance with the Articles of the Company.

Immediately following the Transfer, and the expiry of all remaining Warrants previously held by the Transferor (which expired on January 31, 2026), the Transferor beneficially owns or otherwise exercises control or direction over 34,285,572 Common Shares and nil Warrants, representing approximately 28.86% of the issued and outstanding Common Shares (on a partially diluted basis, or approximately 24.28% of the issued and outstanding Common Shares after taking into account the conversion of all issued and outstanding Class A Shares).

The Transferor holds securities of the Issuer for investment purposes. The Transferor may acquire or dispose of additional Common Shares and/or other equity, dept or other securities or instruments in the open market or otherwise, and reserves the right, subject to applicable securities law, to dispose of any or all of its securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of the Issuer and other relevant factors.

The Issuer's head office is located at 7025 S. Revere Parkway, Ste. 100, Centennial, Colorado 80112.

The Transferor is located at 13009 S. Parker Road, Box #131, Parker, Colorado 80134.

This press release is issued pursuant to early warning requirements of National Instrument 62-103 The Early Warning System and Related Take-over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with the Issuer's documents under its profile on SEDAR+ at www.sedarplus.ca.

For further information, please contact:

Willian Hogan Chief Executive Officer and Director 720-933-9019