Earthworks Industries Inc. (the “Company”) has completed the issuance of Units under an amended debt settlement agreement with North Bay Corp. (“North Bay”), previously announced in a news release dated October 12, 2023. The issuance of the Units reduces the buy-out option the Company has in extinguishing the approximately U.S. $5,900,000 debt, owed to North Bay to U.S. $2,150,000. The current buy-out payment date has been extended to April 15, 2024.