Eden Empire Inc. (EDEN)

[AISI304]

Eden Empire completes First Tranche Closing of Non-Brokered Private Placement

https://webfiles.thecse.com/sedar_filings/00049922/2104071908324638.pdf

"VANCOUVER, British Columbia; March 29, 2021 (GLOBE NEWSWIRE) - Eden Empire Inc.

(CSE: EDEN) (the "Company" or "Eden Empire") is pleased to announce that it has closed the
first tranche of its previously announced $1,000,000 private placement. The first tranche consisted
of 4,875,333 units (“Units”) for gross proceeds of $585,040 (the “First Tranche Private
Placement”).

Each Unit consists of one common share at a price of $0.12 per share and one common share
purchase warrant (the “Warrant”) exercisable at $0.20 per share for a period of 24 months from
the date of issuance (the “Warrant Expiry Date”). If the daily volume weighted average price of
the Company’s common shares on the Canadian Securities Exchange (“CSE”) is $0.40 per share
or greater for any ten consecutive trading days during the period where the Warrants are
outstanding, the Company may, by written notice to the holder or by issuing a news release,
accelerate the Warrant Expiry Date of the Warrants to be 30 days following the date of such notice
or news release.

In connection with the First Tranche Private Placement, the Company paid an aggregate cash
finder’s fee of $19,980 and issued 166,500 Warrants to Haywood Securities Inc. and Leede Jones
Gable Inc.. All securities issued in connection with the First Tranche Private Placement will be
subject to a four-month hold period from the closing date under applicable Canadian securities
laws."