MINILUXE ANNOUNCES COMPLETION OF SHARES FOR DEBT SETTLEMENT

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

Boston, MA, March 18, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) (“MiniLuxe” or the “Company”) is pleased to announce that further to its press release dated February 16, 2024, it has completed its shares for debt transaction, whereby an aggregate of 597,446 Class A subordinate voting shares were issued to Paintbox, LLC and certain arm’s length non-management employees at a price of per share of CAD$0.52, in satisfaction of an aggregate of USD$221,959 previously owing by the Company to the parties. The pricing was based on the closing price of the Company’s Class A subordinate voting shares of CAD$0.65 on February 16, 2024, the date of the Company’s application to the TSXV, discounted by 20% in accordance with TSXV policies. For more information, please see the Company’s press release dated February 16, 2024.

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