olori Closes on its Acquisition of TAAT International LLC anVANCOUVER, CANADA – (April 6, 2020) – Molori Energy Inc. (the “Company” or “Molori”) is pleased to announce that it has closed its previously announced acquisition on February 13, 2020 of TAAT International LLC (“TAAT”). Pursuant to the terms of a share exchange agreement dated February 21, 2020 (the “TAAT Acquisition”), the Company acquired 100% of the issued and outstanding share capital of TAAT. In exchange, the holders of TAAT common shares received an aggregate of 13,000,000 common shares in the capital of Molori at a deemed price of $0.20 per share and resulting in TAAT becoming a wholly-owned subsidiary of Molori, following which the Company will continue the business of TAAT. The TAAT Acquisition constitutes as an arm’s length transaction. Commented Joel Dumaresq, CEO of Molori, “the change of business and acquisition of TAAT positions us to enter the nearly 1 trillion dollar global tobacco market. TAAT’s proprietary, organic and CBD-infused hemp-based cigarette provides an alternative to tobacco that contains no tar, no nicotine and yet provides a similar experience for smokers.” The Company paid a finder’s fee of 956,200 common shares in the capital of Molori at a deemed price of $0.20 per share to certain qualified third parties in connection with the closing of the TAAT Acquisition. Description of