Megola : Material Event Megola Signs Definitive Contract with GSCB

MEGOLA, INC.

8891 Brighton Lane Ste 108, Bonita Springs, FL 34135 Company Telephone: (888) 587-1698

Company Website: www.megolacorp.com

Company email: megola2020@gmail.com

FLORIDA: May 23, 2022: Megola Inc. (OTC-PINK MGON) Megola, Inc. ("MGON", "Company") is a Consortium Group of Health Technologies and Eco-FriendlyProduct Lines. Megola through product and technology acquisitions has grown to have its own E-commerceBranding Division, Service Department, Licensing Division, Franchise Division all maintaining Megola's diverse manufactured product portfolios which allows the company to integrate into several vertical sales markets worldwide. Megola controls every aspect from manufacturing to distribution of all the patented product lines giving it the best-casescenario in every competitive market space.

UPDATE

Company Board of Directors completes DEFINITIVE AGREEMENT with GS Capital Blends LLC as to previously filed March 28, 2022 material event.

KEY ITEMS:

Megola acquires license/manufacturing of product lines:

Fire Inhibitors DF21, DF31,

Fire extinguishant additive DF11E,

Fire-Gel lithium batteries,

Fire/Stain Fabric Resistance Blend,

Hand Purifier 24 hr(non-alcohol),

Bedbug/Dustmite/Microbial Blend,

Antimicrobials Surface and Air protection,

Cassava Powder Fire Extinguisher,

Fire Extinguishing Media Pellets,

Fire Blanket/Smoke Hood Safety Kit

GS Capital Blends LLC receives:

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding MGON's plans, objectives, future opportunities for MGON's services, future financial performance and operating results and any other statements regarding MGON's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond MGON's control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business, with key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; and, anti- takeover measures in our charter documents. Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.