December 3, 2020  – Vancouver, BC – Geyser Brands Inc. (TSX-V: GYSR)(“Geyser Brands” or the “Company”) wishes to provide a corporate update to its shareholders and announces that the Management of the Company is currently working to complete its annual financial statements and accompanying management discussion and analysis for the year ended March 31, 2020 (the “Annual Documents”). Upon filing of the Annual Documents, the Company will apply to the Commission for the revocation of the Cease Trade Order and the subsequent approval of the Exchange to resume trading.

The Company is pleased to announce the appointment of Zhefei Song and Qiping Men as independent directors of the Company effective December 1, 2020.

Qiping Men, P Eng., CPA, CGA is a professional engineer and accountant with many years of experience in the oilsands industry and is currently the CEO and Executive Vice Chairman of Everest Canadian Resources Corp. based in Calgary, Alberta. He has held management positions in Sunshine Oilsands Ltd., Goldenkey Oil Inc. and Anterra Energy Inc.

Zhefei Song, aged 45, has extensive experience in the Asian and Canadian oil and gas industry, starting in 1995 through selling equipment in China. Mr. Song's customers included all major players in the Chinese oil and gas industry: China National Offshore Oil Corp (CNOOC), China National Petroleum Corporation (CNPC), and China Petrochemical Corporation (China SINOPEC). Mr. Song established his own company, Admetal Engineering Corp. in Canada in 2001 and co-founded Telamonn Energy Services Inc. in 2012. Mr. Song has previous management experience with Siemens.

“On behalf of the Board, I am delighted to welcome Zhefei Song and Qiping Men to the Company. We continue to build a strong board with a combination of skills and expertise that will help achieve the Company’s strategic goals,” stated Wei Zhong, CEO.

In addition, the Company wishes to announce the resignation of Tim Murphy and Aerock Fox from the Board of Directors, and Brad Kersch from the Board of Directors and as Chair of the Board of Directors, and thanks them for their service.

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For more information, visit the company’s website at www.geyserbrands.com.

On Behalf of the Board of Directors

Wei Zhong
Director and CEO
wzhong@geyserbrands.com

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This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information relating to Geyser is available at www.sedar.com.

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