Vancouver, British Columbia – December 4, 2024 – TheNewswire – Pursuant to the early warning requirements of applicable Canadian securities laws, Salvatore Milia reports that on November 29, 2024 he and the Milia 2008 Family Trust (the "Trust"), of which Mr. Milia is a trustee, acquired ownership and direction or control over 25,477,272 common shares ("Common Shares") of Christina Lake Cannabis Corp. (the "Company"), at a deemed price of $0.033 per Common Share, in connection with a private placement offering by the Company (the "Offering").

Immediately prior to the closing of the Offering, Mr. Milia, had ownership and direction or control over 532,100 Common Shares which represented 0.41% of the 131,122,173, then outstanding Common Shares of the Company on a non-diluted basis. Mr. Milia also had ownership and direction or control over certain options, restricted share units, warrants and convertible debentures at a range of exercise prices between $0.05 and $0.20, which if converted would entitle the holder to acquire up to an additional 17,883,333 Common Shares, or 13.64% of the Common Shares on a partially diluted basis. As a result of the Offering, Mr. Milia and the Trust, have acquired ownership and direction or control over 25,477,272 Common Shares representing 13.56% of the 187,785,808 outstanding Common Shares of the Company on a non-diluted basis. Additionally, if Mr. Milia and his affiliates were to exercise all of the outstanding debentures and options, he would own an aggregate of 19.99% of the Common Shares of the Company, on a partially diluted basis.

Mr. Milia, together with the Trust, acquired the Common Shares in connection with the Offering and were acquired for investment purposes. Mr. Milia has a long-term view of the investment and does not intend at this time to acquire in the market any additional common shares of Company, or dispose of any of the Common Shares or shares acquired on exercise of any of the outstanding convertible securities, but may in the future increase or decrease his shareholding in Company depending on market conditions, whether in the open market, by privately negotiated agreement or otherwise.

Mr. Milia's address is located at 2515 Edgemont Blvd North Vancouver, BC, V7R 2M9. The Company's head office is located at 1890 – 1075 West Georgia Street, Vancouver, BC, V6E 3C9. A copy of the early warning report to which this news release relates can be obtained from Mr. Milia at 604-351-3763 or via email at: sal@bbits.ca. or on the Company’s SEDAR+ profile at www.sedarplus.ca.