RYU Apparel Inc. — Capital/Financing Update 2020

May 21, 2020

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RYU Apparel Announces Shares for Debt Transaction

Vancouver, BC – May 20, 2020 – /CNW/ ‐ RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) (“ RYU ” or the “ Company ”), creator of urban athletic apparel, announces its intention to settle debt in the amount of $212,952 owed by the Company in exchange for the issuance of 4,259,040 common shares at a deemed price of $0.05 per share. The proposed debt settlement is subject to the approval of the TSX Venture Exchange.

For regular updates on RYU Apparel visit: http://ryu.com

About RYU

Respect Your Universe is an award winning urban athletic apparel and accessories brand engineered for fitness, performance and lifestyle. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com

On Behalf of the Board

RYU APPAREL INC.

“ Cesare Fazari”

Cesare Fazari, CEO 1‐844‐535‐2880

Investor Relations

Contact: Anna Brazier Investor Relations

1‐844‐535‐2880 investors@ryu.com www.ryu.com

This press release contains forward‐looking information that involves various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as statements regarding the proposed shares for debt transaction and Exchange approval thereof. There are numerous risks and uncertainties that could cause actual results and RYU’s plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i)

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adverse market conditions; (ii) the inability of RYU to close the shares for debt transaction; or (iii) the Exchange not approving the shares for debt transaction. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward‐looking statements.

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

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