May 2020

Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) and Cocoon Technology (“Cocoon”) are helping to define the new operating environment for contactless retail experiences with CocoonPod™ kiosks. As dispensaries begin the initial phases of reopening, they are required to follow guidelines maintaining the health and safety of both employees and customers.

At the request of IIROC, Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.