Pontus Updates on The Surrey Production Facility

VANCOUVER, B.C., March 31, 2021. Pontus Protein Ltd. (TSXV: HULK, FSE: 8YC) (“Pontus” or the “Company”), is pleased to announce that, further to its news releases dated February 24, 2021, and February 3, 2021, Pontus has secured and ordered the aquaponics equipment required for its production facility located in Surrey, British Columbia (the “Surrey Facility”). The equipment is on track to be delivered to meet Pontus’ construction schedule, allowing the start of production in Summer 2021. The Surrey Facility is expected to be capable of producing 6.4 metric tonnes of annualized product. This is a 6,800% increase in production over the annualized capacity of the Company’s previous Victoria test farm.

The equipment includes custom water beds to grow the water lentils, custom shelving, UV Filter, drum filter and LED lighting. Most of the equipment has been sourced from Canadian companies to aid ongoing maintenance. The drum filter and LED lighting have been ordered from market leading international firms. The LED lights were designed by Pontus and are low profile custom form factors using the newest Samsung diodes to give the perfect spectrum for water lentils. These diodes are also highly energy efficient.

Pontus signed the lease to secure the production facility in the City of Surrey, British Columbia effective November 14, 2020. Originally, the Company had been seeking a 10,000 sq ft. space in Delta, British Columbia, however the prospect of securing the prebuilt Surrey Facility presented itself as an opportunity to potentially shorten the development timeline and bring a facility into production by Summer 2021. The 20,570 sq ft. Surrey Facility will consist of production, warehouse, R&D, a test kitchen, production kitchen and office space.

Regarding the Tenant Improvement application, at the beginning of March, the City of Surrey’s planning department requested extra information on the sprinkler systems, which required Pontus’ mechanical engineers to redesign and submit back to the City of Surrey new stamped engineering drawings. In addition, Fraser Health required Pontus to change its design to include two extra handwashing sinks into the facility, in the water lentil processing area and commercial kitchen, due to new COVID guidelines. These have both been submitted. All of Pontus’ previously mentioned milestones are expected to be achieved regarding the building applications, equipment delivery and construction.

For more information on the developments at Pontus’ Surrey, British Columbia production facility, please see the Company’s news releases dated February 24, 2021 and February 3, 2021, filed on SEDAR.

About Pontus Protein Ltd.

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95% less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source. Pontus aims to revolutionize the plant-based sector as the entire sector is currently based on two main protein sources: soy and pea. Lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims to be the base protein for plant based food products, leading to the movement transitioning the world from meat based to plant based proteins.

To learn more, please visit pontuswaterlentils.com.

*https://food-nutrition.canada.ca/cnf-fce/report-rapport.do

On behalf of the Board of Directors

“Connor Yuen”

Connor Yuen, CEO
Pontus Protein Ltd.

Contact Information

For more information, please contact:

Connor Yuen
Chief Executive Officer

For further information:

Investor Relations:

Edge Communications Group
[email protected]
(778) 999-4855

For media enquiries or interviews, please contact:

Victoria Bennett
[email protected]
(403) 589-7992

Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the anticipated completion of the Surrey Facility and any anticipated production benefits therefrom including, but not limited to, production yields or outputs, and Pontus’ ability to revolutionize the plant based sector. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. These risks include, but are not limited to, the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, the failure of Pontus to receive the necessary approvals from the City of Surrey for its proposed leasehold improvements at its Surrey Facility or from the CFIA, the inability to complete the Surrey facility’s leasehold improvements, as well as other general business, economic, or market related risks beyond the director control of the Company and which may affect the Company’s business, operations, or products. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pontus Announces Letter of Intent With Leading Nutraceutical Market Distributor

VANCOUVER, B.C., March 25, 2021. Pontus Protein Ltd. (TSXV: HULK, FSE: 8YC) (“Pontus” or the “Company”), has completed a further strategic milestone to prepare the Company for entry into the global nutraceutical market (dietary supplements, functional beverages and foods industry), and is pleased to announce having signed a letter of intent (the “LOI”) with CCSC Solutions Inc. (“CCSC”), a private British Columbia corporation focused on compliance, sales and distribution into the nutraceutical market.

The global nutraceutical market size was valued at USD$382.51 billion in 2019 and is expected to expand at a compound annual growth rate of 8.3% over the forecast period* as consumers seek more functional nutritional source intake. Pontus Protein Powder has over 42% protein and also contains high fibre, high iron, low sodium, and all essential amino acids, making it a highly viable product for the nutraceutical market.

Chuck Yip, President and CEO of CCSC, said, “The nutraceutical market is growing rapidly as people are seeking to eat themselves healthy. My extensive supply chain management and senior level operations management experience will help Pontus on both the manufacturing and distribution side. Managing the supply chain for the largest nutraceutical brands in North America, I saw companies using alternative proteins, struggling to find high quality, pure protein. I also saw issues with contaminants, such as lead. I am looking forward to introducing Pontus to my many industry colleagues. They will be excited that there is a Canadian grown, natural product that not only is high in protein but also has a broad nutritional profile and is clean, without pollutants, pesticides, chemicals and toxic metals such as lead. Working with Pontus now, we can ensure we have customers ready when the Surrey facility is in full production.”

Connor Yuen, CEO of Pontus, added, “We identified the nutraceutical market as a high value opportunity. Chuck’s experience in this market will be invaluable to help us navigate the approvals and market. He can introduce us to the large corporations who are seeking high quality ingredients to enhance their products. Chuck is a member of our Advisory Board. We are grateful to have such an experienced Advisory Board, whom we meet with regularly. Each is a seasoned business leader with a proven ability to execute, and we have valued their experience and guidance as we build Pontus’ future.”

It is the intentions of Pontus and CCSC to continue good faith negotiations to finalize a definitive agreement (a “Definitive Agreement”) that would cover distribution and sales and which will also lay out the economic terms of such arrangement. The Definitive Agreement shall contain such representations and warranties, covenants, and other provisions as are customary of a transaction of this nature.

* https://www.grandviewresearch.com/industry-analysis/nutraceuticals-market

About CCSC Solutions Inc.

Chuck Yip founded CCSC following his experience working in supply chain management with the large corporate nutraceutical companies, including Webber Naturals and white labelling for Costco, the Kirkland brand. He saw the opportunity for high quality premium products and set up CCSC to find the right partners and make the connections into the companies that had been struggling to find the right functional ingredients. The company handles compliance, sales and distribution into the nutraceutical market, building relationships for long term growth.

Zimtu Marketing Agreement

Pontus also announces that it has signed a twelve-month (the “Term”) digital marketing agreement (the “Zimtu Marketing Agreement”) with Zimtu Capital Corp. (“Zimtu”). Pursuant to the terms of the Zimtu Marketing Agreement, Zimtu shall receive $9,625 per month for duration of the Term, with the entire amount payable at the beginning of the Term. Zimtu will market Pontus to their extensive database of investors and use their proven “ZimtuAdvantage program”.

About Zimtu Capital Corp.

Zimtu Capital Corp. (TSXV: ZC, FSE: ZCT1) is a public investment issuer that aspires to achieve a long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. Zimtu trades on the TSX Venture Exchange under the symbol “ZC” and Frankfurt under the symbol “ZCT1”. For more information, please visit http://www.zimtu.com

About Pontus Protein Ltd.

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95 percent less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source. Pontus aims to revolutionize the plant based sector as the entire sector is currently based on two main protein sources: soy and pea. Water lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims at being the base protein for plant based food products, which will lead this movement that has begun in the world transitioning from meat based to plant based protein.

To learn more, please visit pontuswaterlentils.com.

*https://food-nutrition.canada.ca/cnf-fce/report-rapport.do

On behalf of the Board of Directors

“Connor Yuen”

Connor Yuen, CEO
Pontus Protein Ltd.

Contact Information

For more information, please contact:

Connor Yuen
Chief Executive Officer

For further information:

Investor Relations:

Edge Communications Group
[email protected]
(778) 999-4855

For media enquiries or interviews, please contact:

Victoria Bennett BSc, FCIM
[email protected]
(403) 589-7992

Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, progression of the LOI into a formal business relationship via the entry of the Definitive Agreement and any expected benefits therefrom. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include, but are not limited to, the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic and other general business, economic, or market related risks beyond the director control of the Company and which may affect the Company’s business, operations, or products. No assurance can be given that any of the events anticipated by these forward-looking statements will occur or, if they do, what benefits the Company will derive from them. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pontus Announce Grant of Stock Options

VANCOUVER, BC – March 19, 2021 – Pontus Protein Ltd. (“Pontus” or the “Company”) (TSXV: HULK, FSE: 8YC), is pleased to announce that it has granted stock options (collectively, the “Options”) on March 18, 2021 to a consultant of the Company to purchase of up to 100,000 common shares of the Company (each, a “Share”), pursuant to the Company’s Stock Option Plan. The Options are exercisable at an exercise price of $0.96 per Share for a period of two years from the date of grant. All Options vested immediately on the date of grant.

About Pontus Protein Ltd.

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95% less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source. Pontus aims to revolutionize the plant based sector as the entire sector is currently based on two main protein sources: soy and pea. Lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims at being the base protein for plant based food products, which will lead this movement that has begun in the world transitioning from meat based to plant based protein.

To learn more, please visit pontuswaterlentils.com.

*https://food-nutrition.canada.ca/cnf-fce/report-rapport.do

On behalf of the Board of Directors

“Connor Yuen”

Connor Yuen, CEO
Pontus Protein Ltd.

Contact Information

For more information, please contact:

Connor Yuen
Chief Executive Officer

For further information:

Investor Relations:

Edge Communications Group
[email protected]
(778) 999-4855

For media enquiries or interviews, please contact:

Victoria Bennett
[email protected]
(403) 589-7992

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pontus Announces Keynote Address

VANCOUVER, B.C., March 18, 2021. Pontus Protein Ltd. (TSXV: HULK, FSE: 8YC) (“Pontus” or the “Company”) will present a Pontus keynote address on Thursday at 9 a.m. (EST) via YouTube (the “Keynote Address“). The three business leaders of Pontus, Connor Yuen – CEO, Alson Niu – EVP and Steve McArthur – CTO, will present the business of Pontus and discuss the Company’s present and future anticipated plans.

The Keynote Address will cover how Pontus intends to solve the global problem of feeding people safely and healthily. It will also speak to Pontus’ proprietary technology that it believes will reinvent contemporary agriculture. The Keynote Address plans to detail the first production plant Pontus plans to cultivate and grow its Pontus water lentils. Water lentils have over 42% protein, chlorophyll, iron, calcium, potassium and magnesium to make it one of the ultimate superfoods available. Utilizing Pontus’ Closed Environment Vertical Aquaponic System (“CEVAS™“), an artificial intelligence driven system that can be utilized to grow anywhere in the world within a Pontus established facility, Pontus’ water lentils also double in mass every 24 hours. The Keynote Address will introduce a harvesting automation robotic vehicle to work in Pontus’ first planned 30ft. tall facility. The Pontus’ leadership team will explain in-depth about these incredible systems and achievements in detail during the address.

Pontus acknowledges the finite amount of resources and the need for a sustainable way to grow food across our planet. Water will be one of the most sought-after commodities globally over the next 50 to 100 years, and Pontus’ CEVAS™ uses 95% less water than traditional agriculture. Alson Niu will speak to the potential diseases that start from contaminated food sources and the crucial need for biosecurity. Pontus’ biosecurity measures are aimed at reducing or eliminating the cross-contamination or exposure of Pontus’ products from harmful diseases or biological agents. By keeping these alien species out of Pontus’ production facility, the Company aims to reduce the chances of spreading various foodborne diseases.

 To sustain population growth, Pontus will speak to their vertical farming solution and giving power back to the people to grow their food in their own communities in a sustainable way.

The Keynote can be viewed from 9 a.m. (EST) at https://youtu.be/kMCeV7CJWhk and will be available in several languages including German, Chinese and English subtitles. A longer Keynote Address will be made available in two weeks.

About Pontus Protein Ltd.

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95% less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source. Pontus aims to revolutionize the plant based sector as the entire sector is currently based on two main protein sources: soy and pea. Lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims at being the base protein for plant based food products, which will lead this movement that has begun in the world transitioning from meat based to plant based protein.

To learn more, please visit pontuswaterlentils.com.

*https://food-nutrition.canada.ca/cnf-fce/report-rapport.do

On behalf of the Board of Directors

“Connor Yuen”

Connor Yuen, CEO
Pontus Protein Ltd.

Contact Information

For more information, please contact:

Connor Yuen
Chief Executive Officer

For further information:

Investor Relations:

Edge Communications Group
[email protected]
(778) 999-4855

For media enquiries or interviews, please contact:

Victoria Bennett
[email protected]
(403) 589-7992

Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding Pontus’ first production plant and the Company’s future business plans and expectations. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. These risks include, but are not limited to, the following: changes in market demands and consumer trends, the unknown magnitude and duration of the effects of the COVID-19 pandemic and other general business, economic, or market related risks beyond the director control of the Company and which may affect the Company’s business, operations, or products. No assurance can be given that any of the events anticipated by these forward-looking statements will occur or, if they do, what benefits the Company will derive from them. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pontus Announces Agreement With Leading Distributor

VANCOUVER,  B.C., March 11, 2021. Pontus Protein Ltd. (TSXV: HULK, FSE: 8YC) (“Pontus” or the “Company”), in a move to develop sales, has signed a Letter of Intent (the “LOI“) with Canadian T&J International Development Inc. (“T&J“), a private arm’s length British Columbia corporation, and distributer to 80% of all Asian Supermarkets in Western Canada, with products including the well-known Natural World brands. The Agreement between Pontus and T&J covers potential distribution and sales of both Pontus Protein and Pontus Foods added-value products. 

Connor Yuen, CEO of Pontus, stated, “Our market analysis identified the increase in meat reduction and the increase in demand for sustainable plant based protein across North America, yet this is still a fairly new phenomenon. In many Asian cultures, vegetarianism has been established for centuries, driven by access to meat, culture and religion. T&J’s comprehensive distribution to the Asian supermarkets, including T&T and most Asian Supermarkets, will give us access to this large existing market.”

Dean Liu, CEO of T&J added, “The demand for healthful plant based products in Asian supermarkets is well established, and we also see a move to gluten-free and low carbohydrate diets. Pontus Protein will meet these trends, and its versatility as a raw ingredient added into products will be very appealing to my clients. This agreement is for North American sales and distribution. Still, we also have significant sales in China that I believe we can access with Pontus, as it is such a strong product and Chinese people love Canadian products. Food is used as medicine, and people are often looking for the healthiest options for their wellbeing. In China, with the population growth, there is an increasing concern for food security. In the growing Chinese middle class, there is a thirst for premium and clean products, Pontus well meets these growing needs of the most populated country in the world.”

It is the intentions of Pontus and T&J to continue good faith negotiations to finalize a definitive agreement (a “Definitive Agreement“) that would cover distribution and sales, which will also include the economic terms of such arrangement.

About Canadian T&J International Development Inc.

T&J is an international trader that supplies over 200 products, a distributor to 80% of all Western Canadian Asian Supermarkets, including T&T, Lucky Supermarkets, H-Mart, Foody World. A-mart and China World and online via Amazon and in Walmart in China. Our focus is on three categories, Grains and Beans, Spices and Dried Edibles. T&J has established sales and distribution channels for quality products, including the Natural World brand, ubiquitous in Asian Households.

About Pontus Protein Ltd.

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95 percent less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source.  Pontus aims to revolutionize the plant-based sector as the entire sector is currently based on two main protein sources: soy and pea. Lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims at being the base protein for plant based food products, which will lead this movement that has begun in the world transitioning from meat based to plant based protein.

To learn more, please visit pontuswaterlentils.com.
*https://food-nutrition.canada.ca/cnf-fce/report-rapport.do


On behalf of the Board of Directors

“Connor Yuen”

Connor Yuen, CEO
Pontus Protein Ltd.

Contact Information

For more information, please contact:

Connor Yuen
Chief Executive Officer

For further information:

Investor Relations:

Edge Communications Group
[email protected]
(778) 999-4855

For media enquiries or interviews, please contact:

Victoria Bennett
[email protected]
(403) 589-7992

Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, progression of the letter of intent to a formal business relationship. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include, but are not limited to, the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pontus completes acquisition of EPHÉMÈRE supper club to integrate product development vertically

VANCOUVER,B.C. March 9, 2021 – Pontus Protein Ltd. (“Pontus or the Company“) (TSXV: HULK FSE: 8YC) is pleased to announce that the Company has closed the previously announced acquisition of Ephémère Catering & Consulting Inc. (“Ephémère“) as outlined in the Company’s news release dated February 17, 2021.  

Ephémère provides catering and product consultation services to its customers and, through its Ephémère Supper Club, operates private dining experiences. With this strategic acquisition, Pontus will strengthen its product development and food education programto create value-added functional foods and develop the Company’stop line growth by expanding its customer base and creating a deeper market need for Pontus Protein.   

Connor Yuen, CEO of Pontus,stated, we have already seen incredible synergies bringing Ephémère into Pontus as our added value service arm. Even today, Shahni, now our Culinary Director and Head Chef, and I discussed his progress to create our meal kit delivery service. With the team’s product development skills, we have confirmed this to be a strategic fit, into moving forward into growing Pontus it will be. 

 About Pontus Protein Ltd. 

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95 percent less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source.  Pontus aims to revolutionize the plant-based sector as the entire sector is currently based on two main protein sources: soy and pea. Lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims at being the base protein for plant based food products, which will lead this movement that has begun in the world transitioning from meat based protein to plant based protein. 

*https://food-nutrition.canada.ca/cnf-fce/report-rapport.do 

On behalf of the Board of Directors 

 “Connor Yuen” 

Connor Yuen, CEO 
Pontus Protein Ltd. 

Contact Information 

For more information,please contact:

Connor Yuen 
Chief Executive Officer 

 For further information: 

Investor Relations: 

 Edge Communications Group 
[email protected] 
(778) 999-4855 

 For media enquiries or interviews, please contact: 

 Victoria Bennett 

[email protected] 
(403) 589-7992 

Forward-Looking Information 

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “projects”, “estimates”, “envisages, “assumes”, “needs”, “strategy”, “goals”, “objectives”, or variations thereof, or stating that certain actions, events or results “may”, “can”, “could”, “would”, “might”, or “will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

PONTUS Announces Non-Binding LOI With Leading Beverage Developer And Manufacturer

VANCOUVER,  B.C., March 4, 2021. Pontus Protein Ltd. (TSXV: HULK, FSE: 8YC) (“Pontus” or the “Company”), in a move to develop value added products, Pontus has signed a non-binding letter of intent (the “LOI“) with Blue Ocean Tea Company (“Blue Ocean“), a private arm’s length British Columbia corporation, and leading tea beverage designer and manufacturer who has worked with Revolution Tea, Ministry of Tea, UK, Wize Tea, JusTea Beverages, to develop ready to drink and portion packed beverages using Pontus Plant Protein.

The LOI is an expression of interest between Pontus and Blue Ocean covering product development, production, distribution and sales. Through Blue Ocean’s market understanding and market connections, both companies anticipate the development of an international tea brand that will be able to secure significant sales in this large and growing market. In addition, Blue Ocean will be able to sell Pontus Water Lentils to its supply chain and distribute the raw ingredient to its current clients.

“The Tea and Herbal Association of Canada has polled consumers over the past six months and identified that during COVID, people wanted beverages that they can feel good about. As we return to normality, people want products to take care of themselves. I believe with Pontus, we can be post pandemic ready with a range of products,” said Mark Arathoon, Blue Ocean CEO and fourth generation tea industry expert. “When I saw Pontus in the media, I reached out to the company as I could see a real opportunity with the high protein, fibre, iron and amino acids in Pontus’ products to meet the growing demand for functional beverages. My initial analysis has been very positive, I like the taste and working with the product, and there is an interest from my clients, too. When I was in the US, I identified the potential of Rooibos, I can see Pontus Protein being bigger than Rooibos, especially in North America.”

Connor Yuen, CEO of Pontus stated, “Our market analysis identified the $55 billion global tea market as an effective early target for Pontus’ added value products. The tea market’s stated forecast growth is 6.6% CAGR*, with the fastest growth predicted in products with the addition of other healthful ingredients, such as Pontus Plant Protein. We are so fortunate to have Mark and his team’s experience on our doorstep and look forward to exploring both ready to drink and packaged beverages, to capture this market opportunity.”

* https://www.reportlinker.com/p05844091/Tea-Market-by-Type-Packaging-Distribution-Channel-and-Application-Global-Opportunity-Analysis-and-Industry-Forecast.

It is the intentions of Pontus and Blue Ocean to continue good faith negotiates to settle upon a definitive agreement (a “Definitive Agreement“) covering product development, production, distribution and sales which will also include the economic terms of the arrangement.

About Pontus Protein Ltd. 

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95 percent less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source.  Pontus aims to revolutionize the plant-based sector as the entire sector is currently based on two main protein sources: soy and pea. Lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims at being the base protein for plant based food products, which will lead this movement that has begun in the world transitioning from meat based to plant based protein.

To learn more, please visit pontuswaterlentils.com.

*https://food-nutrition.canada.ca/cnf-fce/report-rapport.do

About Blue Ocean Tea Company

Blue Ocean Tea Company is a global provider of contract manufacturing for Specialty Tea Brands, founded by Preet and Mark Arathoon, working with 30 brands across North America, including product development, production, business advisory, sales and distribution. Mark is a fourth generation tea expert who has worked in the gardens in Assam and Darjeeling and built relationships with global suppliers and has developed products for Numi Organic Tea, Starbucks and several other North American and International brands. Following his passion for tea and tea blending, he was the Head of the Tea Division at one of the largest tea contract manufacturers in the world. In their 18,000 sq ft facility just outside Vancouver, the team creates custom formulations, tea sourcing and importing, contract manufacturing, warehousing and logistics, consultation, research and development and wholesale of bulk ingredients. The company holds multiple organic tea certifications and is Rainforest Alliance certified and a member of the Global Food Safety Initiative.

Tea is considered a healthy beverage owing to the presence of several potent antioxidants and minerals such as potassium, manganese, magnesium, & calcium. Regular tea consumption helps reduce cell damage caused due to free radicals as well as lowers cholesterol levels and facilitates healthy weight loss.

Moreover, introducing additional healthy ingredients in tea by different market players are some other factors that drive the growth of the market. (Allied Market Research Global Opportunity Analysis and Industry forecast 2020 -2027).

On behalf of the Board of Directors

“Connor Yuen”

Connor Yuen, CEO
Pontus Protein Ltd.

Contact Information

For more information, please contact:

Connor Yuen
Chief Executive Officer

For further information:

Investor Relations:

Edge Communications Group
[email protected]
(778) 999-4855

For media enquiries or interviews, please contact:

Victoria Bennett
[email protected]
(403) 589-7992

Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, progression of the letter of intent to a formal business relationship. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include, but are not limited to, the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PONTUS Announces New Chief Financial Officer

VANCOUVER, BCMarch 1, 2021 /CNW/ – Pontus Protein Ltd. (“Pontus” or the “Company“) (TSXV: HULK) (FSE: 8YC) is pleased to announce that, effective immediately, Jason Ding has been appointed as the Company’s new Chief Financial Officer following the resignation of Jeremy Wright. Mr. Wright will continue to serve as a director of the Company where he will continue to support Pontus’ continued growth.

Mr. Ding holds a Bachelor of Business Administration from Simon Fraser University and is a Chartered Professional Accountant. He has over fifteen years experience in accounting with both public and private companies. His public experience includes both TSX and NYSE listed firms.

Connor Yuen, CEO of Pontus, stated, “on behalf of Pontus, I want to thank Jeremy for his leadership and service in helping grow the Company from infancy to where it is today. We’re very excited about the next chapter for Pontus and Jason’s decision to join us as CFO, having held the role of Financial Controller for the past two years. Jason is a tremendous addition to Pontus’ executive leadership and brings with him over fifteen years of financial rigour and leadership which will position Pontus well for continued growth.”

About Pontus Protein Ltd.

Pontus Protein Ltd. is a Vancouver, B.C. based company that grows water lentil protein for commercial use. Pontus is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (CEVAS™) – the farming of the future. Pontus specializes in the indoor vertical farming of water lentils that use 95 percent less water than traditional agriculture and no pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to sustainable indoor biosecure pure plant based proteins. Pontus’ water lentils can be harvested every 24 hours, exceed organic certification, and can be grown in any climate in a relatively small area. Our water lentil protein is filled with antioxidants, minerals, vitamins and all the amino acids, making a complete protein food source.  Pontus aims to revolutionize the plant-based sector as the entire sector is currently based on two main protein sources: soy and pea. Lentil protein is far superior to pea and soy protein. It contains over 40% protein vs. 5-36% protein*, and Pontus aims at being the base protein for plant based food products, which will lead this movement that has begun in the world transitioning from meat based protein to plant based protein.

To learn more, please visit pontuswaterlentils.com.

On behalf of the Board of Directors

“Connor Yuen”

Connor Yuen, CEO 
Pontus Protein Ltd.

Forward-Looking Information 
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include, but are not limited to, the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, as well as other general business, economic, or market related risks beyond the director control of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Pontus Protein Ltd.

For further information: Connor Yuen, Chief Executive Officer; Investor Relations: Edge Communications Group, [email protected] , (778) 999-4855;

For media enquiries or interviews, please contact: Victoria Bennett, [email protected] , (403) 589-7992