CULT Food Science Portfolio Company Mogale Meat Produces Africa’s First Farmed Chicken

VANCOUVER, BC – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), an innovative investment platform focused exclusively on cellular agriculture that advances the development of new technologies to provide a sustainable, environmental and ethical solution to the global factory farming and aquaculture crises, is pleased to announce that its holding company, Mogale Meat Co., (“Mogale“) has successfully created its first cultured chicken breast product, which is the first of its kind in Africa. March 30, 2022 marked a milestone for Mogale as his team presented the first prototype to the public. The cultured chicken breast, made up of real chicken muscle and fat cells mixed with a matrix of mushrooms, is the first of many prototypes Mogale plans to bring to light.

Mogale has worked for the past eight months to produce Africa’s first prototype chicken breast using cultured meat technology to compete in the $15 million global XPRIZE Feed the Next Billion (“XPRIZE“) competition. CULT management expects 2022 to be an exciting year for Mogale, with the team growing rapidly as it prepares to open a seed funding round in the second or third quarter of the year. Mogale’s first prototype cultured wild animal meat is also expected to be unveiled later this year. With cultured game meat, Mogale is working to improve the socio-economic and environmental impacts of consumer protein products. in Africa, one meal at a time.

More information about XPRIZE can be found on its website: https://www.xprize.org/prizes/feedthenextbillion

About thirteen million people in Ethiopia, Kenya and Somalia are facing severe famine, and in the year 2022 fifteen to twenty million people in these three countries could face severe food insecurity.1 The Mogale team is further working on the prototyping of a unique, modular and plug-and-play production plant that will enable production of meat grown in specific locations, which will not only provide people across Africa affordable and nutritious animal protein, but will do so in a way that preserves the continent’s precious wildlife and biodiversity. Mogale takes action every day to achieve these goals and CULT is honored to support the company in its efforts to help solve the global food crisis.

Management commentary

“Our next focus will be game meat, a variety of meats that are not only widely consumed in Africa, but also sought after as healthy lean meats in many countries around the world. Game meats are also the tastiest of the game meat family, due to the wide variety of species found in Southern Africa,” said Dr Paul Bartels, Founder and CEO of Mogale. “Cultivated meat is destined to play an important role in the conservation of biodiversity and wildlife in Africa and beyond,” added Dr Bartels.

“The opportunities presented by technological advancements to enable Mogale to grow chicken more sustainably are incredible and will undoubtedly lead to a better future in Africa and the rest of the world,” said Lejjy Gafour, President of CULTE. “We are thrilled for Mogale Meat and its achievements so far, and we hope it will continue to flourish in the cellular agriculture industry and beyond,” Mr. Gafour added.

bird flu outbreak

The current outbreak of avian influenza, or bird flu, in North America is the worst in seven years and is causing the price of eggs and poultry to rise significantly. According to the United States Department of Agriculture’s Animal and Plant Health Inspection Service (“APHIS”), 21 states have confirmed cases of highly pathogenic avian influenza.1 The virus causes disease in commercial and backyard poultry, resulting in the death of more than 17 million birds on the continent to date. In Canada, the outbreak that began in southern Ontario has now spread to geese in neighboring Quebec.2

In the opinion of CULT’s management team, each outbreak of avian flu is a further reminder that cellular agriculture is the way of the future. Poultry and eggs, as well as other proteins and foods, produced in a controlled environment are much less susceptible to disease, viruses and harmful bacteria. The Company is dedicated to the development of its own intellectual property to foster the evolution of cellular agriculture, as well as to invest in promising companies in order to build its portfolio of beneficiary companies and to foster communication between them, for the benefit of the entire industry.

About Mogale Meat

Managing Partner of MeatOurFuture – an XPRIZE “Feed the Next Billion” Semi-Finalist – Mogale Meat is headquartered in South Africa and led by CEO and Founder, Dr Paul Bartels, an animal veterinarian with over 25 years of experience. experience in biobanks, cell culture and assisted reproduction techniques. Mogale is focused on developing a vertically integrated food technology platform to make wholesome and nutritious cell meat accessible to Africa’s rapidly growing population. More information about Mogale Meat can be found on its website: https://mogalemeat.com

About CULT Food Science

CULT Food Science Corp. is an innovative investment platform focused exclusively on cellular agriculture that advances the development of new 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 unparalleled exposure to the most innovative start-ups, private or early-stage cultured meat companies, cell-based dairy and other cultured food companies around the world. world.

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

On behalf of the Company’s Board of Directors,

CULT FOOD SCIENCE CORP.

“Lejjy Gafour”
Lejjy Gafour, President

Forward-looking information:

The information contained in this press release may involve forward-looking statements. Forward-looking statements are statements that relate to future and 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”, “could”, “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 that may cause our actual results, performance or achievements, or other future events, to be materially different from the results, performance or future achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the following risks: those associated with the marketing and sale of securities; the need for additional funding; reliance on key personnel; the potential for conflicts of interest between certain officers or directors with certain other projects; and the volatility of the price and volume of the Common Shares. Forward-looking statements are made based on the beliefs, estimates and opinions of management as of the date the statements are made and, except as required by law, the Company undertakes no obligation to update any forward-looking statements. whether these beliefs, estimates and opinions or other circumstances should prevail. Investors are cautioned against attributing undue certainty to forward-looking statements. For additional information on risk, investors should consult the Company’s MD&A and other disclosure documents filed with regulatory authorities which can be found at www.sedar.com.

Endnotes

  1. “East Africa’s Growing Food Crisis: What You Need to Know”, Michelle Gavin, Foreign Relations Council, March 16, 2022, https://www.cfr.org/in-brief/east-africas-growing-food-crisis-what-know
  2. “Egg prices soar amid worst US bird flu outbreak in 7 years,” ABC Newsaccessed April 5, 2022, https://abcnews.go.com/GMA/Food/egg-prices-spike-amid-worst-us-avian-flu/story?id=83859058
  3. “Three cases of avian flu have been detected in Quebec geese”, CTV Newsaccessed April 5, 2022 https://toronto.ctvnews.ca/another-case-of-bird-flu-in-local-ontario-flock-1.5847812