Earthworks Inc.

Earthworks closes North Bay amendment agreement

Earthworks Industries Inc. (“Earthworks”), in a News Release dated February 8, 2022, described an Amendment Agreement it had signed with North Bay Corporation (“North Bay”).  Acceptance of the Agreement by the Exchange having been received, Earthworks has now closed the Agreement with North Bay by issuing to North Bay 1,270,000 Units each consisting of one fully paid common share in the capital of Earthworks at a deemed value of $0.25 per share, and a one-half Share Purchase Warrant.  Each Warrant will be exercisable until February 28, 2024, to purchase one fully paid voting share of Earthworks for $0.35.