Vancouver, British Columbia - TheNewswire - August 15, 2023 - Smartset Services Inc.  (TSXV:SMAR.P) (the “Company”)  announced today that, pursuant to the Company’s stock option plan and subject to the approval of the TSX Venture Exchange (the “Exchange”), the Company has granted an aggregate of 1,177,500 stock options (the “Stock Options”) to certain of its directors and officers at an exercise price of $0.10 per common share exercisable until the date that is 10 years from the date of grant.

In accordance with Exchange policies the Stock Options and any common shares issuable on exercise thereof, will be held pursuant to the Company’s Capital Pool Company escrow agreement among the Company, the transfer agent and certain of the shareholders and optionholders, a copy of which will be available under the Company’s profile at www.sedarplus.com, and will be released pursuant to the terms thereof.

On behalf of SMARTSET SERVICES INC.

“John Randolph Clifford”       

Chief Executive Officer
778 362-3037

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include, among other things, economic and global market impacts of the COVID-19 pandemic, market prices, the ability of the Company to successfully identify and complete a Qualifying Transaction, continued availability of capital and financing, and general economic, market or business conditions.  There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

UNITED STATES ADVISORY.  The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.