Redishred Capital Corp. Announces New Stock Option Grants

MISSISSAUGA, ON / ACCESSWIRE / February 6, 2023 / Redishred Capital Corp. ("Redishred") (TSXV:KUT) has granted options to non-management Directors of the Company as part of their Board compensation. The options are to purchase an aggregate of common shares as set forth below.

Effective February 3, 2023, Redishred has granted 74,039 stock options, at an exercise price of $3.89. The options vest equally over the next four years on each anniversary date of the grant and have a term of five years, expiring on February 3, 2028.

About Redishred Capital Corp.

Redishred Capital Corp. ("Redishred") is the owner of the PROSHRED®, PROSCAN and secure e-Cycle brands, trademarks and intellectual property in the United States. Redishred digitizes, secures, shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. Redishred is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2015 certification. It is Redishred's vision to be the ‘system of choice' in providing digital retention, secure shredding and recycling services on a global basis. Redishred Capital Corp. grants PROSHRED` and PROSCAN franchise businesses in the United States and by way of license arrangement in the Middle East. Redishred Capital Corp. also operates fifteen corporate businesses directly. The Company's plan is to grow its business by way of both franchising and the acquisition and operation of information security businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.

FOR FURTHER INFORMATION PLEASE CONTACT:

Redishred CapitalCorp. (TSX.V - KUT)
Jeffrey Hasham, MBA, CPA, CA
Chief Executive Officer
Jeffrey.hasham@redishred.com
www.redishred.com
Phone: (416) 849-3469Fax: (905) 812-9448

or,

Redishred CapitalCorp. (TSX.V - KUT)
Harjit Brar, CPA, CA
Senior Vice President and Chief FinancialOfficer
harjit.brar@redishred.com
www.redishred.com
Phone: (437) 328-6639Fax: (905) 812-9448

Note: 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.

SOURCE: Redishred Capital Corp.