VANCOUVER, British Columbia & DENVER – October 3, 2022 – (Newswire.com)

Koios Beverage Corp. (CSE: FIT; OTC: FITSF) (the “Company” or “Koios”) is pleased to announce that it has completed a non-brokered private placement of 2,000,000 units (“units’) at a price of $0.05 CAD per Unit for aggregate gross proceeds of $100,000 (the ‘private placement“). Each Unit consists of one common share in the capital of the Company (each a “Split‘) and a transferable warrant to purchase one common share (each a ‘warranty“). Each warrant entitles the holder to purchase one additional share at a price of $0.075 per warrant for a period of five (5) years from closing.

The Company intends to use the net proceeds from the private placement for marketing, product development, investor relations activities and general working capital purposes.

No finder’s fees were paid for the private placement.

The Company also announces that it has entered into debt settlement agreements (“Settlement Agreements‘) to settle outstanding cash payments to certain creditors totaling $575,000 for advisory fees.

Pursuant to the settlement agreements, the Company has issued an aggregate of 11,500,000 shares at an assumed price of $0.05 per common share.

All securities to be issued in connection with the Private Placement and the Debt Settlement will be subject to a statutory hold period of four months and one day from the date of issuance.

None of the securities issued in connection with the private placement have been registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them were offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor may there be any sale of the securities in any jurisdiction where such offer, solicitation or sale…