Vancouver, BC - TheNewswire - August 15, 2023 - Vegano Foods Inc. (CSE:VAGN) (OTC:VAGNF), a pioneering leader in plant-based nutrition, is pleased to announce the successful completion of the initial wire frames and UI/UX design for its groundbreaking generative AI health and wellness application: NutriBot.

The completion of the initial wire frames and UI/UX design marks a significant milestone in the development of NutriBot. Vegano Foods Inc. is dedicated to ensuring an intuitive and user-friendly interface that facilitates effortless navigation and interaction.

"Today, we are excited to announce the successful completion of the initial wire frames and UI/UX design for NutriBot," said [Ricky Goraya], CEO of Vegano Foods Inc. "NutriBot exemplifies our commitment to harnessing the power of advanced AI technology to promote healthier lifestyles and foster positive changes in how individuals approach their nutrition."

The integration of Generative AI (Artificial Intelligence) and NLP (Natural Language Processing) has ushered in a new era of enhanced user experiences and streamlined processes. These transformative technologies empower machines to comprehend, analyze, and generate human-like language, fostering seamless communication between humans and technology.

NutriBot intends to represents the convergence of cutting-edge AI technology and nutritional science, aiming to revolutionize individuals' approach to health and well-being. This innovative application will leverage generative AI and NLP to provide personalized, data-driven insights and recommendations, empowering users to make informed dietary choices, optimize nutritional intake, and work towards their wellness goals.

The global generative AI market is on a remarkable growth trajectory. According to Precedence Research, the market was valued at $10.79 billion (U.S.) in 2022 and is projected to reach approximately $118.06 billion by 2032, reflecting a robust CAGR of 27.02% between 2023 and 2032. This growth underscores the increasing demand for intelligent systems capable of comprehending and generating human language with exceptional accuracy and context.

About Vegano Foods Inc.

Vegano Foods Inc. is a 100% plant-based online marketplace company operating in Vancouver. Founded in March of 2020, Vegano helps make healthy plant-based eating more accessible to Canadians, allowing them to take veganism beyond Meatless Mondays and Veganuary. Vegano sources high-quality products to make for easy plant-based shopping all on one website.

For more information, visit www.veganofoods.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Ricky Goraya, Interim CEO & Director

604-265-3398

Press Contact:

media@veganofoods.com

The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to: the Company filing its annual financial statements and MD&A for the year ended March 31, 2023 as soon as they are available, and no later than September 29, 2023, the Company satisfying the provisions of the alternative information guidelines of National Policy 12-203, and the Company not anticipating specified defaults.. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipates”, “anticipated” “expects” “intends” “will” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.