Reminder to Vote Prior to the PesoRama Annual Meeting

Toronto, Ontario--(Newsfile Corp. - November 22, 2021) - PesoRama Inc. ("PesoRama" or "the Company") today announced that it will hold an Annual and Special Meeting of Shareholders (the "Meeting") on Friday, December 3, 2021. At the Meeting, shareholders will be asked to approve, amongst other things, a special resolution for the Company to complete a business combination with Skyscape Capital Inc. (TSXV: SKY.P) following which the resulting company - PesoRama - would be listed on the TSX Venture Exchange.

"PesoRama has demonstrated the success of our business model with 18 stores now operating in Mexico, including seven opened this year. As a result, we now have an opportunity to access capital markets to fund continued growth and establish a clear leadership position," said Erica Fattore, President & Chief Executive Officer. "We strongly urge our shareholders to vote in favour of the go-public transaction which will provide them with liquidity as well as the potential for increased shareholder value."

All shareholders should have received a Management Information Circular (the "Circular") in the mail within the past two weeks. The mailing includes important information about voting, which can be completed by mail, internet or facsimile. In order to be counted, votes must be received by 10:00 a.m. EST on Wednesday, December 1, 2021.

Shareholders may contact the Company if they have any questions about the Meeting, the matters to be voted upon or the voting procedure. Questions may be directed to investors@pesorama.ca, or to your investment advisor for further voting assistance.

For further information please contact:

Rahim Bhaloo,
Founder & Executive Chairman
Email: rahim@rahimbhaloo.com

Erica Fattore,
President & Chief Executive Officer
Email: Erica@joi.mx

About PesoRama Inc.

PesoRama is a Mexican value single price point dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 18 stores offer consistent merchandise offerings which include items in the following categories: household wares, kitchenware, home cleaning products, home décor products, seasonal products, stationary, toys and games, arts and crafts materials, electronics, souvenirs, novelties, jewelry, clothing, footwear, headwear, costumes, personal care products, health and beauty, cosmetics, food, beverages, snacks, confectionary, pet food and pet accessories, hardware, garden tools and other general merchandise.

Cautionary Note

This press release contains "forward-looking information" within the meaning of applicable securities laws relating to the proposal to complete the Proposed Transaction and associated transactions, including statements regarding the terms and conditions of the Proposed Transaction and the Concurrent Financing. Although PesoRama believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the PesoRama can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the parties will not proceed with the Proposed Transaction and associated transactions, the ultimate terms of the Proposed Transaction and associated transactions differing from those that currently are contemplated, and the Proposed Transaction and associated transactions not being successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The statements in this press release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Proposed Transaction and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104739