Beyond Oil Announces Closing of C$10.64 Million Brokered Private Placement Led by Israeli Institutional Investor Clal Insurance

Happy to have assisted our client, Beyond Oil Ltd., on another successful financing.

VANCOUVER, B.C. and KIBBUTZ YIFAT, ISRAEL / May 21, 2025 -- Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) ("Beyond Oil" or the "Company"), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce the successful closing of its previously announced brokered private placement for gross proceeds of C$10,641,615.60 (the "Offering").

The Offering, first announced on March 12, 2025, was led by Clal Insurance Company Ltd., a subsidiary of Clal Insurance Enterprises Holdings Ltd., one of Israel's largest institutional investors, and its subsidiaries ("Clal"), and an Israeli based investment fund. Both Clal and the investment fund are arm’s length third parties to the Company. Research Capital Corporation (the “Agent” or “Research Capital”) acted as sole agent and sole bookrunner for the Offering.

"The successful completion of this strategic investment represents an important moment for Beyond Oil," said Jonathan Or, CEO of Beyond Oil. "Securing the backing of a major institutional investor like Clal not only validates our technology and business model but also provides us with further capital needed to accelerate our global expansion initiatives. This investment comes at a pivotal time as we continue to gain traction with major food service companies and distributors worldwide."

Pursuant to the Offering, the Company issued a total of 3,042,200 units units (“Units”) at a price of C$3.498 per unit (the “Issue Price”). Each Unit consists of:

• One common share in the capital of Beyond Oil (“Common Shares”);

• One-half of a Series A Warrant, where each whole warrant entitles the holder to purchase one additional Common Share at CAD$6.00 per share until March 12, 2027; and

• One-half of a Series B Warrant, where each whole warrant entitles the holder to purchase one additional Common Share at CAD$7.75 per share until March 12, 2028.

The net proceeds of the Offering will be used to expand and support the distribution of the Company’s products as disclosed in the Company’s recent press releases.

In connection with the Offering, Beyond Oil has paid aggregate cash compensation of C$224,641.56.

All securities issued pursuant to the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Furthermore, as part of the Offering, the Company has undertaken with Clal that until May 21, 2028, provided that Clal owns at least 4.5% of the Company’s issued and outstanding Common Shares, the Company will not issue any Common Shares at a price that is lower than the Issue Price.

As previously announced, as part of the investment agreement, Beyond Oil has committed to using its best efforts to complete an uplisting to a senior exchange in Canada or the United States within the next six months.

About Beyond Oil Ltd.

Beyond Oil Ltd. is a food-tech innovation company with over 15 years of dedication to creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies. The Company’s patented technology, with regulatory clearances from the FDA and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil’s solution tackles a global issue in the food industry: the widespread practice of reusing frying oil for hundreds of cycles across several days. This practice is common in restaurant kitchens, hotels, catering services, banquet halls, fried food manufacturing plants, and institutions such as schools, kindergartens, and military facilities. Beyond Oil's product is backed by extensive research which has highlighted its value in health risks associated with reused oil, including links to cancer and cardiovascular diseases. Beyond Oil’s product provides an effective means to mitigate these risks while offering additional benefits such as improved food quality, operational cost savings, and reduced environmental impact. For more information about Beyond Oil, please visit: www.beyondoil.co