HAKKEN Capital Corp. announced that it has entered into a nonbinding letter of intent (the "LOI") dated June 28, 2022 with Advanced Extraction Systems Inc. ("AESI"), a private company incorporated under the laws of the Province of Prince Edward Island, pursuant to which Hakken and AESI propose to complete an arrangement, amalgamation, share exchange or similar transaction (the "Transaction"). The Transaction is expected to constitute Hakken's "Qualifying Transaction" pursuant to Policy 2.4 Capital Pool Companies of the Exchange (the "CPC Policy"). Following the completion of the Transaction, the resulting entity (the "Resulting Issuer") will hold all of the assets and continue the business of AESI and intends to list as a Tier 2 Industrial Issuer on the Exchange. Management of Resulting Issuer: Hakken and AESI anticipate that management of the Resulting Issuer will be comprised of the following individuals: Peter Toombs, P. Eng - CEO - Charlottetown, PEI. Mr. Toombs is the CoFounder of AESI. He is also the founder
of Diversified Metal Engineering which owned three manufacturing facilities across North America and
employed 350+ personnel. Mr. Toombs has over 35 years of experience in the design and construction of
equipment for the biotech, bioenergy, brewery, industrial and marine industries and was awarded Atlantic
Canada's Young Entrepreneur of the Year in 1997 and EY Entrepreneur of the Year in 2015.
Al Goodwin, C. Eng, P. Eng - COO - Charlottetown, PEI. Mr. Goodwin has over 39 years of experience as a
military and civilian engineer with a specialization and experience in operations, management, leadership,
team building and compliance. Kyle MacDonald - Controller - Charlottetown, PEI. Mr. MacDonald has been with AESI since July of 2018. He
has close to 10 years of experience working in finance and accounting. Mr. MacDonald has a BBA from the
University of Prince Edward Island with a focus in accounting. He has experience working in ELearning and
Manufacturing industries. Dave Campbell, BBA, MBA Director of Strategic Opportunities - Charlottetown, PEI. Mr. Campbell has 25 years
of professional sales, marketing and project management experience in the pharmaceutical industry and
biotech manufacturing. Michael MacDonald, Director of Sales - Charlottetown, PEI. Mr. MacDonald has over 15 years of sales
management and operational experience with eight years related directly to manufacturing in the biotech and
food processing industry. He is also the owner of property management company on PEI.
Nick Desroches, P. Eng - Director of R&D - Charlottetown, PEI. Mr. Desoches has 10 years' experience working
as an engineer in highly regulated industries such as pharmaceuticals, aerospace, and food processing
equipment. He has been the CEO/Owner of a health care company on PEI for five years.