Recipe Unlimited Corporation announces that in order to focus on his run for election in the upcoming provincial election, Mark Saunders has resigned from the Board of Directors (the "Board") and has withdrawn his name as a nominee for director at the Company's upcoming Annual and Special Meeting of Shareholders (the "Meeting"). Currently, the Company's articles and by-laws state that the Board shall have a minimum of eight and a maximum of nine directors. Given Mr. Saunders' resignation, there are currently seven nominees proposed for election to the Board at the Meeting, as further described in the Company's management information circular dated April 1, 2022 (the "Circular").

These remaining nominees are Kim Baird, Christy Clark, Stephen K. Gunn, Frank Hennessey, Christopher D. Hodgson, Sean Regan and Paul Rivett. Management will not be replacing Mr. Saunders with a new nominee for election to the Board. Rather, a special resolution (the "Articles Amendment Resolution") will be tabled at the Meeting to amend the Company's articles and by-laws to provide for a minimum of three and a maximum of ten directors, to set the current number of directors at seven with the remaining nominees standing for election at the Meeting and to grant the Board with the discretion to fix the number of directors between the minimum and maximum in the future.