Navion Announces Termination of Letter of Intent with Daizee

NAVION CAPITAL INC.

NAVION ANNOUNCES TERMINATION OF LETTER OF INTENT WITH DAIZEE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED

STATES

Calgary, Alberta, June 3, 2021 – Navion Capital Inc. (TSXV: NAVN.P) (the "Corporation"), a capital

pool company, announces that further to its press releases dated April 23, 2020, January 12, 2021 and

April 15, 2021 regarding the prop osed Qualifying Transaction (as defined in the TSX Venture Exchange

Policies) with Daizee Diapers Corp. /Daizee Baby Corp. (“Daizee”), the letter of intent between the

Corporation and Daizee dated April 2 0, 2020, as extended and amended, has been terminated by the

Corporation in accordance with its terms.

The Corporation is continuing to rigorously evaluate potential Qualifying Transactions and will provide

updated disclosure regarding these matters in due course.

For further information, please contact:

Navion Capital Inc.

Livio Susin, President, Chief Executive Officer and Director

Tel: (604) 789-2410

Email: [email protected]

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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking statements. Forward

looking statements are statements that are not historical facts and are generally, but not always, identified

by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “poten tial”

and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Although the Corporation believes the expectations expressed in such forward -looking statements are

based on reasonable assumptions, such stateme nts are not guarantees of future performance and actual

results or realities may differ materially from those in forward looking statements. Forward looking

statements are based on the beliefs, estimates and opinions of the Corporation’s management on the date

the statements are made. Except as required by law, the Corporation undertakes no obligation to update

these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other

factors, should change.