Audrey Capital Corporation Completes Initial Public Offering

AUDREY CAPITAL CORPORATION

905-1111 West Hastings Street

Vancouver, B.C. V6E 2J3

Telephone: (604) 638-2545

NEWS RELEASE

AUDREY CAPITAL CORPORATION COMPLETES INITIAL PUBLIC OFFERING

November 26, 2021 – Audrey Capital Corporation (the “Corporation”), a capital pool company, (TSX-V:

AUD.P) is pleased to announce that it has completed its initial public offering (the " Initial Public

Offering") of common shares (" Common Shares ") of the Corporation through its agent, Canaccord

Genuity Corp. (the "Agent"). The Corporation issued 5,000,000 Common Shares at a price of $0.10 per

share for gross proceeds of $500,000.

Following completion of the Initial Public Offering, the Corporation has 18,500,000 Common Shares issued

and outstanding, of which 13,500,000 are subject to escrow in accordance with the policies of the TSX

Venture Exchange (the “ Exchange”). The Corporation has an aggregate of 1,800,000 stock options

outstanding, all of which have been granted to directors of the Corporation, with ea ch such option

exercisable to acquire one Common Share at a price of $0.10 until November 26, 2026.

In connection with the Initial Public Offering, the Agent received a cash commission of $50,000 equal to

10% of the gross proceeds of the Initial Public Offering. The Corporation also granted warrants to the Agent

and certain sub-agents, entitling the holder to purchase up to an aggregate of 500,000 Common Shares at a

price of $0.10 per Common Share until November 26, 2026, being 60 months from the listing date of the

Common Shares on the Exchange, In addition, the Agent was paid a administration fee of $15,000 in

connection with the Initial Public Offering.

The board of directors of the Corporation consists of Ian Slater, Paul Beattie, Jay Sujir and Peter Roth. Mr.

Slater also acts as CEO of the Corporation and Mary Braun acts as CFO and Corporate Secretary of the

Corporation.

The Common Shares of the Corporation were listed on the Exchange at market open on November 26, 2021

and halted pending completion of the Initial Public Offering. The Corporation expects its Common Shares

to resume trading under the symbol AUD.P on November 26, 2021.

The net proceeds of the Initial Public Offering, together with the proceeds from prior s ales of Common

Shares, will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a

view to completing a "Qualifying Transaction" under the capital pool company program pursuant to Policy

2.4 of the Exchange. Investors are cautioned that trading in the securities of a capital pool company should

be considered highly speculative.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mary Braun, CFO

Telephone: 778 372 2557

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.