Early Warning Press Release in Accordance with National Instrument 62-103

Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - On August 7, 2020, pursuant to a non-brokered private placement financing carried out by Esstra Industries Inc. (the "Corporation"), Mr. Peter Damouni of London, UK, acquired ownership of 75,000 units ("Units") of the Corporation at a price of $0.20 per Unit. The Units are comprised of 1 common share in the capital of the Corporation (each a "Common Share") and 1/2 of a Common Share purchase (each whole warrant, a "Warrant"). Each Warrant entitles Mr. Damouni to purchase 1 Common Share at a price of $0.40 per Common Share until August 7, 2022, subject to accelerated expiry provisions. The Common Shares of the Corporation are listed on the TSXV under the trading symbol "ESS".

Prior to giving effect to the foregoing acquisition of Common Shares, Mr. Damouni owned 911,500 Common Shares of the Corporation (or approximately 11.11% of the issued and outstanding Common Shares (non-diluted)). Mr. Damouni now owns or controls 986,500 Common Shares (or approximately 12.03% of the issued and outstanding Common Shares (non-diluted)).

In the future, Mr. Damouni may acquire additional securities of the Corporation, dispose of some or all of the securities he now owns or controls, or may continue to hold his current position.

For further information or to receive a copy of the early warning report filed by Mr. Damouni with securities regulatory authorities in Canada in connection with this press release, please contact Leah Hodges at (604) 377-0403.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61439