MustCapital Inc. (TSXV: MUST.H) (the'Company') ispleased to announce thatit has received a 30-day extension on the previously announced private placement.

The intended gross proceeds to be raised has been reduce to $750,000 through a non-brokered private placement of up to 7,500,000 units (the 'Units') of the Company at a price of $0.10 per Unit. Each Unit will consist of one common share and one common share purchase warrant (the 'Warrants'). Each Warrant will entitle the holder to purchase one common share for a period of one year from the date of issuance (the 'Warrant Expiry Date') at an exercise price of $0.20 per Warrant. The Company intends to use the proceeds from the financing to repay indebtedness and for generalworking capital purposes. The Warrant Expiry Date may, at the Company's option, be accelerated if at any time after the date that is four months and one day following the Closing Date, the Common Shares of the Company trade or close at a price of $0.30 or above for a period of 10 consecutive trading days on the policies of the NEX trading board of the TSX Venture Exchange (the 'TSXV') or such other stock exchange where the majority of the volume occurs, provided that: (i) the Company disseminates a press release providing notice of its intention to accelerate the Warrant Expiry Date and (ii) the accelerated Warrant Expiry Date is not earlier than the 30th day after the date of dissemination of such press release

All securities issued underthe private placement,including securities issuable on exercise ofthe Warrants,willbe subject to a hold period of four months plusa day in accordance with Canadian securities laws. Itis anticipated that certain subscribers to the private placement will include existing directors and officers of the Company as wellas existing unrelated shareholders.TheCompanydoesnotanticipate thatnewshareholderswillacquire greaterthan 50% of the outstanding voting securities of the private placement. Accordingly, the private placement may be considered a 'related party transaction' pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101') and the policies of the NEX trading board of the TSXV. The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Section 5.5 and Section 5.7(1)(b) of MI 61-101, respectively, on the basis that the private placement is a distribution of securities for cash and the fair market value of the securities does notexceed $2,500,000.

Contact:

Tel: (604) 722-5225

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended, or anyapplicable state securities laws and may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute anofferto sell orthesolicitationofanoffertobuysecuritiesinanyjurisdiction.Anypublicofferingofsecuritiesin the United States must be made by means of a prospectus containing detailed information about the Company and management,aswellasfinancial statements.

Forward-Looking Statements

Certain statements contained in this press release constitute 'forward-looking information' as such term is defined in applicable Canadian securities legislation. The words 'may', 'would', 'could', 'should', 'potential', 'will', 'seek', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' and similar expressions as they relate to the Company, including the closing of the transactions contemplated herein, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information, including the Company receiving approval of the transactions from the NEX trading board of the TSXV. Many factors could cause the actualresults, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should anyfactor affect the Company in an unexpected manner,or should assumptions underlying the forwardlooking information prove incorrect, the actualresults or eventsmaydiffer materially fromthe results oreventspredicted.Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligationtopubliclyupdate orreviseanyforward-looking information,otherthan as required by applicable law.

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