HYTN Beverage Corp. entered into a letter of intent to acquire Mount Dakota Energy Corp. (TSXV:MMO.H) for CAD 5.4 million in a reverse merger transaction on July 12, 2021. HYTN Beverage Corp. entered into an agreement to acquire Mount Dakota Energy Corp. in a reverse merger transaction on February 14, 2022. As a result of the Acquisition, Mount Dakota Energy Corp. will acquire all of the issued and outstanding securities of HYTN in exchange for the issuance of 15,532,000 Common Shares at a deemed price of CAD 0.35 per share and up to 2,532,000 Warrants of the Issuer as consideration to the HYTN security holders. On closing of the transaction, it is anticipated that Mount Dakota will carry on with the development and launch of HYTN's sparkling tetrahydrocannbinol and cannabidiol beverage business. The Proposed Transaction is intended to constitute a Reverse Takeover and will be completed contemporaneously with a delisting of MMO's securities from the TSX Venture Exchange and listing on the Canadian Securities Exchange. Mount Dakota will change its name to one which reflects its new business on or prior to completion of the transaction. As of February, 15, 2022, the resulting issuer will change its name from “Mount Dakota Energy Corp.” to “HYTN Innovations Inc.” and will trade under the symbol “HYTN”. S. John Kim - Chief Executive Officer and Director; Peter Jens Kohl - Chief Financial Officer, Corporate Secretary and Director; Rick Brar – Director; and David Melillo – Director will resign from their respective positions upon close of the transaction. Directors and officers of the resulting issuer consist of: Elliot McKerr - Director and Chief Executive Officer; Eli Dusenbury - Director; Dennis Staudt - Director; Vic Neufeld – Director; Jason Broome - Director and Chief Operating Officer; and Paul More - Chief Financial Officer and Corporate Secretary. Pursuant to the LOI, Mount Dakota and HYTN have agreed to negotiate a definitive share exchange agreement, providing for the transaction, the final structure of which will be subject to applicable corporate, securities and tax considerations.

The transaction is subject to approval from HYTN Beverage shareholders and board of directors, Dissent Rights shall not have been exercised by HYTN Beverage shareholders which in the aggregate represent 10% or more, conditional approval for the listing of the Resulting Issuer Shares on the CSE and approval by the board of directors of Mount Dakota Energy Corp. Brian Fast of Miller Thomson LLP acted as legal advisor to Mount Dakota Energy Corp. Aadam Tejpar of Segev LLP acted as legal advisor to HYTN Beverage.