Sweet Poison Closes Debt Settlement and Private Placement

Trading Symbol: SPS

NOT FOR DISTRIBUTION IN THE UNITED STATES

News Release

Sweet Poison Closes Debt Settlement and Private Placement

Vancouver, British Columbia - Sweet Poison Spirits Inc. (CSE: SPS) (the "Company" or "Sweet Poison") has completed and closed the debt settlement and private placement as announced in its press release of January 8, 2025.

Debt Settlement: The Company issued 2,684,800 shares at a price of $0.05 per share (the “Debt Settlement"), in full settlement of certain outstanding debt with two insiders, the Company's CEO and the CFO, in the aggregate amount of $134,240.

Private Placement: The Company also completed and closed a non-brokered private placement of $450,000 (the "Financing”) through the issuance of up to 9,000,000 units (the “Units”) at a price of $0.05 per Unit. Each Unit is comprised of one common share and one common share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase one common share of Sweet Poison at a price of $0.075 per share for a period of 24 months from closing. There were no finders' fees issued on this Financing.

All securities issued pursuant to the Debt Settlement and the Financing are subject to a four-month hold period, expiring on June 25, 2025.

ON BEHALF OF THE BOARD

(Sgd.) “Robert Eadie”
Robert Eadie, President, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact: Robert Eadie
Telephone: 1-604-602-4935 ext. 205

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.