Pearlita is One-of-a-Kind, Cell-Based, Mollusk Production Company that is Looking  to Transform the Way Seafood is Cultivated for a More Healthy and Sustainable  Future  

Vancouver, British Columbia, April 11, 2022 / CNW /– CULT Food Science Corp. (“CULT” or the  “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), an innovative investment platform with an  exclusive focus on cellular agriculture that is advancing the development of novel technologies  to provide a sustainable, environmental, and ethical solution to the global factory farming and  aquaculture crises, is pleased to announce that it has made an investment in Pearlita Foods  (“Pearlita”), which is the world’s first cell-based mollusk company. Pearlita has also received  funding from Sustainable Food Ventures and Big Idea Ventures New Protein Fund.  

Based in Raleigh, North Carolina, Pearlita has set out to make the first cultivated oyster meat. Its  mission is to harvest the ocean's finest foods and revolutionize the way that people eat the sea’s  finest delicacies through ethical, clean and sustainable methods. Pearlita aims to produce oysters  with no reliance on the ocean or live animals, by using stem cells and bioreactors to produce cell 

based oysters that have rich flavour and substantial nutrition. By investing in Pearlita, CULT is  supporting the future of cell-based seafood, which aligns with its goals to help commercialize  cellular agriculture and make it more common in the global food supply chain.  

Oysters used to be abundant around the world, however, today over 85% of wild oyster reefs  have been lost globally.1 Oysters are also one of the most expensive seafood products in the  world and oyster farming relies solely on the ocean. With ocean temperatures rising and  contamination, the future of oyster farming is uncertain. Cell-based fish and mollusks can be  made with current technologies and are currently viewed as being a safe alternative to seafood  farming that can provide desired health benefits for consumers.2 

Management Commentary 

Nikita Michelsen, Chief Executive Officer of Pearlita said, “We are so excited to have CULT part  of our journey. It is truly inspiring to be part of a portfolio filled with so many forward-thinking  and passionate companies that believe in a future without reliance on live animals for human  consumption and that are passionate about building a better with biology. With this investment  Pearlita is one step closer to bringing healthy & nutritious oysters to the plates of seafood lovers."  

Lejjy Gafour, President of CULT added, “We are pleased to have made an investment in Pearlita,  especially alongside some of the world’s most forward-thinking funds in the cellular agriculture  space. CULT wholeheartedly supports Pearlita’s mission and goals focused on cell-based seafood.  We believe that the passion of the people at Pearlita will result in great strides being made in  cell-based seafood sector, particularly regarding fish and mollusks. We are excited to not only  continue allocating capital toward great ventures like Pearlita in the cellular agriculture market,  but also to continue developing our own intellectual property and participate directly in the  evolution of the industry.”  

About CULT Food Science  

CULT Food Science Corp. is an innovative investment platform with an exclusive focus on cellular  agriculture that is advancing the development of novel technologies to provide a sustainable,  environmental, and ethical solution to the global factory farming crisis. The first-of-its-kind in  North America, CULT Food Science aims to provide individual investors with unprecedented  exposure to the most innovative start-up, private or early-stage cultivated meat, cell-based dairy  and other cultured food companies around the world.  

Additional information can be found by viewing the Company's website  at www.cultfoodscience.com or its regulatory filings on www.sedar.com.  

On behalf of the Board of Directors of the Company,  

CULT FOOD SCIENCE CORP.  

"Lejjy Gafour"  

Lejjy Gafour, President  

For further information about CULT Food Science Corp.: 

Tel: +1 (833) HEY-CULT (+1 (833) 439-2858) 

Email: IR@CULTFoodScience.com  

Web: www.CULTFoodScience.com 

Twitter: @CULTFoodScience 

For French inquiries about CULT Food Science:  

Maricom Inc. 

Tél: (888) 585-6274

Email: rs@maricom.ca 

Forward-Looking Information 

Information set forth in this news release may involve forward-looking statements. Forward looking statements are statements that relate to future, not past, events. In this context,  forward-looking statements often address a company's expected future business and financial  performance, and often contain words such as "anticipate", "believe", "plan", "estimate",  "expect", and "intend", statements that an action or event "may", "might", "could", "should", or  "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements  involve known and unknown risks, uncertainties and other factors which may cause our actual  results, performance or achievements, or other future events, to be materially different from any  future results, performance or achievements expressed or implied by such forward-looking  statements. Such factors include but are not limited to the following risks: those associated with  marketing and sale of securities; the need for additional financing; reliance on key personnel; the  potential for conflicts of interest among certain officers or directors with certain other projects;  and the volatility of common share price and volume. Forward-looking statements are made  based on management's beliefs, estimates and opinions on the date that statements are made  and except as required by law, the Company undertakes no obligation to update forward-looking  statements if these beliefs, estimates and opinions or other circumstances should change.  Investors are cautioned against attributing undue certainty to forward-looking statements. For  further information on risk, investors are advised to see the Company's MD&A and other  disclosure filings with the regulators which are found at www.sedar.com.  

Endnotes  

1. “85 Per Cent of Worlds Oyster Reefs have Vanished”, The Fish Site, May 22, 2009,  https://thefishsite.com/articles/85-per-cent-of-worlds-oyster-reefs-have-vanished  2. “Cell-Based Seafood: 4 Important Facts Everyone Should Know”, Julia B. Olayanju,  Forbes, July 22, 2019, https://www.forbes.com/sites/juliabolayanju/2019/07/22/cell based-fish-4-important-facts-everyone-should-know/?sh=7742ff68c97a