Vancouver, British Columbia - TheNewswire - July 7, 2023 - Plantify Foods, Inc. (TSXV:PTFY) ("Plantify Foods" or the "Company") reports that Save Foods, Inc.’s (NASDAQ: SVFD) nominee to Plantify’s board of directors, Mr. David Shrem, has resigned for personal reasons.

Save Foods has not determined who will fill the vacant director position on Plantify’s board.

Plantify Foods and Save Foods completed a securities exchange last month whereby each acquired 19.99% of the issued and outstanding capital stock of the other party immediately prior to the closing on a non-diluted basis. See Plantify Foods’ news release from April 5, 2023, for further information.

About Plantify Foods, Inc.

Plantify Foods, Inc., through its wholly owned Israeli subsidiary, is active in the food tech sector, focused on the development and production of clean-label plant-based products. Plantify’s unique technology allows for the production of plant-based meat alternatives, dips, and snacks, with natural ingredients familiar to consumers that are free of preservatives, free of common food allergens, are GMO-free and enjoy the same or longer shelf life than most preservative-containing products of the same category. Plantify is also engaged in developing functional foods with health benefits supported by independent testing that it anticipates will enable it to make health claims under US Food and Drug Administration and Canadian Food Inspection Agency regulations. Plantify currently sells its products in Israel, Europe and North America.

If you have any questions or need more information, feel free to reach out to us at ir@plantifyfoods.com.

Contacts

Gabriel Kabazo
Chief Financial Officer and Corporate Secretary
Phone: (778) 601-8420
Email: ir@plantifyfoods.com

Caroline Sawamoto
Investor Relations
Email: ir@plantifyfoods.com

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.