Keon Announces Shares-for-debt Agreement

Vancouver, Oct. 17, 2022 - Keon Capital Inc. (TSXV: KEON.H) (the "Company") reports that it has entered into a shares-for-debt settlement agreement pursuant to which it has agreed to issue 121,194 Common shares at $0.20625 per share to settle a Company debt in the amount of $24,996.46 owing to an arm's length professional services provider (the "Debt Settlement"). The issue price represents an approximate discount of 25% to the Company's last closing share price of $0.275 per share.

The Debt Settlement is subject to the acceptance of the TSX Venture Exchange ("TSXV"). The Company shares issued upon closing of the Debt Settlement will be subject to a statutory 4-month hold period. There are no finder's fees or commissions payable in connection with the Debt Settlement transaction.

The Company also announces that Mr. William Murray has resigned as a director of the Company. Keon's management and board of directors thank Mr. Murray for his contributions to the Company.

On behalf of the Board of Directors

"John McCleery"

Director and CEO
Tel: 604.880.5624
Email: johnb.mccleery@gmail.com

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