John Travaglini Early Warning Press Release

Toronto, Ontario--(Newsfile Corp. - December 14, 2022) - John Travaglini (the "Acquiror") has today filed an early warning report (the "Early Warning Report") advising that on December 14, 2022 he was granted 60,000 stock options ("Options") at an exercise price of $0.10 per share of Chicane Capital I Corp. (the "Company").

Immediately prior to the Effective Date, the Acquiror had beneficial ownership, or exercised control or direction, both directly and indirectly over 600,000 shares and 58,000 options representing approximately 10.0% of the outstanding shares of the Company on an undiluted basis and 10.9% on a partially diluted basis. Following the grant of Options, the Acquiror has beneficial ownership or exercises direction or control over, directly and indirectly over 600,000 shares and 118,000 Options, representing approximately 10.0% of the outstanding shares of the Company on an undiluted basis and 11.8% on a partially diluted basis.

The Options were acquired for investment purposes. The Acquiror has a long-term view of the investment and may acquire additional shares of the Company either on the open market or through private acquisitions or sell the shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

This news release is being issued as required by National Instrument 62-104 – Take-Over Bids and Issuer Bids and relates to the Company, whose head office is located at 66 Wellington Street West, Suite 4100, Toronto, Ontario, M5K 1B7, and to the Acquiror. A copy of the Early Warning Report can be obtained at www.sedar.com under the Company's profile, or by contacting John Travaglini at 47 Colborne Street, Suite 303, Toronto, ON M5E 1P8, telephone: (416) 861-1100.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/148035