Edmonton, Alberta--(Newsfile Corp. - September 24, 2021) - Radient Technologies Inc. (TSXV: RTI) (OTC Pink: RDDTF) ("Radient" or the "Company") is pleased to provide the following status update regarding its press release dated July 29, 2021 (the "Default Announcement"), in which the Company announced it has delayed filing its audited annual financial statements for its financial year ended March 31, 2021 and the related Management's Discussion and Analysis and Certifications by the Chief Executive Officer and Chief Financial Officer (collectively the "Annual Filings"). In addition, the Company announces that it has delayed filing its interim financial statements for its three-month interim financial period ended June 30, 2021 (the "Interim Filings", and together with the Annual Filings, the "Required Filings").

The Company previously applied to the Alberta Securities Commission (the "Principal Regulator"), British Columbia Securities Commission, Ontario Securities Commission, the Manitoba Securities Commission, Saskatchewan Financial and Consumer Affairs Authority, Newfoundland and Labrador, Director of Securities, New Brunswick Financial and Consumer Services Commission, Nova Scotia Securities Commission, Prince Edward Island, Superintendent of Securities, and Autorit des marchs financiers pursuant to Part 4 of National Policy 12-203 ("NP 12-203") for a Management Cease Trade Order ("MCTO") as an alternative to a general cease trade order in connection with the late filing of the Annual Filings (the "Default"). The MCTO was granted by the Principal Regulator on July 30, 2021 and will remain in effect until the Default is remedied. The MCTO prohibits trading in securities of the Company, whether direct or indirect, by the Company's Chief Executive Officer and Chief Financial Officer. The issuance of the MCTO generally does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities.

Every effort is being made by the Company to make the Required Filings as soon as possible. The Company now anticipates that it will be able to collect the requisite information, the auditor will be able to complete the audit and the Company will be able to complete the Annual Filings and Interim Filings by no later than September 30, 2021 and October 5, 2021, respectively. Other than as set out herein, the Company confirms that (a) there have been no changes to the information contained in the Default Announcement that would reasonably be expected to be material to an investor, (b) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203, (c) there is no anticipated specified default (as such term is defined in NP 12-203) subsequent to the Default, and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

Should the Company fail to make its Annual Filings and Interim Filings on or before September 30, 2021 and October 5, 2021, respectively, the Principal Regulator can impose a cease trade order that all trading in securities of the Company cease for such period of time as the Principal Regulator may deem appropriate.

About Radient

Radient is a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products, specializing in identifying existing market gaps and bringing products that fulfill these gaps to consumers. With scientific and industry expertise at its foundation, Radient develops specialty products that contain a highly engineered and unique range of cannabinoid and terpene profiles, while meeting the highest standards of quality and safety. Radient also operates a scientific and product testing laboratory that offers unique solutions to the cannabis and wellness spaces. Please visit www.radientinc.com for more information.

For more information, please contact:

Harry Kaura, CEO & Director
ir@radientinc.com
Ph: 780 465 1318