Vancouver, British Columbia, Canada – TheNewswire - April 3, 2024 – GOAT Industries Ltd. (the “Company” or “GOAT”) (CSE:GOAT) (OTC:BGTTF) (FWB:26B.F) announces that it intends to enter into debt settlement agreements with certain creditors of the Company to settle outstanding indebtedness in the aggregate amount of $41,912.01 (the “Debt”) in exchange for the issuance of 465,689 units (the “Units”) at a price of $0.09 per Unit. Each Unit will be comprised one common share in the capital of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”), with each Warrant exercisable for a period of two (2) years at a price of C$0.15 per Warrant.

The company is finalizing the debt settlement to enhance its financial standing by diminishing its current liabilities. All securities issued by the Company will be subject to a standard four-month hold period from the date of issue. The Company has received acceptance of the debt settlement from the Canadian Securities Exchange.

The Company also entered into an option agreement (the “Option Agreement”), as of the date of this news release, with an arm’s length party (the “Purchaser”). Pursuant to the Option Agreement, the Company is the registered and beneficial holder of one hundred percent (100%) of the right, title and ‎interest in and to the Lacana-Doran property (the “Property”). The Option Agreement provides that the Purchaser the option to acquire, from the Company, up to a one hundred percent (100%) interest in ‎the Property for the following considerations on the indicated dates:

ABOUT GOAT INDUSTRIES LTD.

GOAT is an investment issuer focused on investing in high-potential companies operating across a variety of industries and sectors. The paramount goal of the Company is to generate maximum returns from its investments.

For more information about the Company, please visit https://www.goatindustries.co/. The Company’s final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on its profile page on SEDAR+ at www.sedarplus.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Chief Executive Officer        Michael Leahy

Head Office                         Suite 2200, 885 West Georgia Street, Vancouver, BC V6C 3E8

Telephone                         1-833-4-GOAT-IR (1-833-446-2847)

Website                        www.goatindustries.co

Email                                 info@goatindustries.co

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors and list of target investments are not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.