Green Rise Foods Inc. Announces Stock Option Grant

Toronto, Ontario--(Newsfile Corp. - October 4, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") announces that, pursuant to its Stock Option Plan, its Board has granted 300,000 stock options to George Hatzoglou, the Company's Chief Financial Officer at an exercise price of $0.56 per share (the "Options"). The Options will vest in equal installments on an annual basis over a five-year period and will expire on October 4, 2027.

The Options are subject to acceptance by the TSX Venture Exchange.

About Green Rise Foods

Green Rise Foods Inc. is a Canadian-based TSX-V listed controlled environment agriculture company with 89 acres of greenhouse capacity in Leamington and Kingsville Ontario. Further information on the Company can be found at www.greenrisefoods.ca or at www.sedar.com.

Contact Information
For further information, please contact:

Green Rise Foods Inc.
Vincent Narang
Phone: +1-416-551-5015
E-mail: info@greenrisefoods.ca

Neither 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.

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