ANON APPOINTS DENIS FRANKS AS PRESIDENT, CEO AND A DIRECTOR TO SPEARHEAD NEW STRATEGIES FOR THE COMPANY AND ANNOUNCES FINANCINGS

June 11, 2024
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News Release - Vancouver, British Columbia, June 11, 2024 – Anonymous Intelligence Company Inc. (CSE:ANON) (OTC: ANICF) (FRANKFURT: 1JI0) (“ANON” or the “Company”), a leading decentralized network,data storage technology and AI tools developer company, is pleased to announce the appointment ofDenis Franks as President, Chief Executive Officer and a director of the Company effective immediately.

ANON aims to become a global leader as a GPT powered enterprise app aggregator, utilizingrevolutionary tools in AI technology supporting a user-friendly interface for both personal and businesssuccess. The ANON AI technology foundation saves time and costs by eliminating the need for multiplesoftware applications, thereby streamlining a subscriber’s business and creative processes. Regardlessof the business sector, ANON AI Technology has you covered from A to Z with its SDK and VPNCapabilities. The Company is confident that under Mr. Frank’s leadership, it will realize its vision ofbecoming a global leader in this innovative space.

Over the past 35 years, Mr. Franks has established successful companies across many diverse industriesin the United States and Canada. His extensive knowledge and expertise in leadership roles and sales andmarketing encompass a wide range of sectors, including technology, finance, entertainment,cryptocurrency and blockchain, energy, oil and gas, land development and construction. Specifically, overthe past 10 years Mr. Franks has focused on establishing technology solutions that improve people’s lives.His ventures include:

  • ERA Streaming Entertainment - a streaming service that combats depression throughReminiscence Therapy.
  • BrappApps - an App development company and technology incubator that developed an imagerecognition smart App for early skin cancer detection.
  • Numerous Cryptocurrencies – notably, BlockFame, an Ethereum sidechain that utilizes a uniqueProof of Celebrity consensus mechanism. This cryptocurrency supports global poverty initiativesand introduces intergenerational cryptocurrency mortgages aimed at reducing the Global WealthGap.
  • StudioVerse - an entertainment technology incubator with several humanity-based initiatives,including MyWill - a video Smart App designed to simplify and make affordable the process ofcreating a last will and testament.
  • Quantasphere Technology Inc. - leading companies into the future of corporate responsibility andsafety using patented technology to reduce and prevent illness from chemicals in any skinproducts.

Mr. Franks states, “I am completely intrigued by ANON’s AI technology and its potential to solve realworld problems. My goal is to forge new partnerships and leverage global connections to bring greatervisibility to this remarkable AI technology. My first priority at ANON is to get back to businessfundamentals. I will focus on expanding its subscriber base through strategic rebranding and marketingefforts, both at scale and through grassroots initiatives. We expect the changes to have an immediateand noticeable impact.” Mr. Franks further states, “With ANON’s revolutionary dashboard, Turminal.ai,we aim to showcase our AI-powered tools on a global scale, ensuring our subscribers benefit from thehighest standards of privacy. Ease of use and stringent privacy measures are not just part of our brandbut are integral to our AI Technology.”

“As a founder, architect and financier of several successful technology companies, ANON believes Deniscan use his global reach and contacts to guide ANON to be one of the leaders in the AI Technologyindustry,” states Allan Larmour, Director of Anon. “His successes and expertise in running all aspects of acompany make Mr. Franks perfectly suited to spearhead rapid growth for this early-stage company. Denishas outlined a detailed plan of action in product promotion, branding and implementation. We lookforward to the strides he will lead us to in the coming months and years. ANON welcomes the manypositive changes Denis has planned for the Company.”

In connection with Mr. Frank’s appointment, the Company will pay a $21,000 signing bonus to Mr. Frankin the form of common shares of the Company (the “Bonus Shares”). The Bonus Shares consisting of350,000 shares of ANON will be a stand-alone award agreement outside of the Company’s EquityIncentive Plan, and will be issued as an inducement to Mr. Frank’s entering into an employmentagreement with the Company. The Bonus shares will be subject to a four month and one day hold periodin accordance with applicable Canadian securities legislation. The issuance of the Bonus Shares is subjectto the approval of the Canadian Securities Exchange (the “CSE”).

Unsecured Convertible Debenture

The Company is pleased to announce a non-brokered private placement financing (the “DebentureFinancing”) of unsecured convertible debentures (each, a “Debenture”) in the aggregate principalamount of up to $200,000.

The terms of the Debentures will include:

  • a maturity date of one year from the date of issuance (the “Maturity Date”) and the principalamount of the Debenture, together with any accrued and unpaid interest, will be payable on theMaturity Date, unless earlier converted in accordance with its terms;
  • each Debenture will bear simple interest (the “Interest”) at a rate of 1.5% per month, whichinterest will be payable quarterly in cash, and any accrued and unpaid interest will be convertedat the Maturity Date;

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  • the principal amount of a Debenture, together with all accrued and unpaid interest thereon, willbe convertible into units of the Company at the option of the holder (each, a “Debenture Unit”)at a conversion price of $0.06 per Debenture Unit, with each Debenture Unit comprised of onecommon share of the Company (each, a “Share”) and one transferable share purchase warrant(each, a “Warrant”), with each Warrant exercisable into one additional Share at an exercise priceof $0.07 per Share for a period of two years from the date of conversion; and
  • The Debentures and the Warrants contain certain provisions (the “Blocker Provision”), whichprovide that a Holder of the Debentures and the Warrants, as applicable, together with any personor company acting jointly or in concert with such Holder, shall not be able to convert theirDebentures or exercise their Warrants, as applicable, to the extent that such conversion orexercise, as applicable, would result in the Holder beneficially owning or exercising control over,in the aggregate, 9.99% of the total issued and outstanding Shares, immediately after giving effectto such conversion or exercise, as applicable.
  • Non-Brokered Private Placement
  • The Company is also pleased to announce a non-brokered private placement (the “Offering”) of up to4,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $200,000. EachUnit consists of one Share and one transferable Warrant. Each Warrant entitles the holder to acquire oneShare at a price of $0.07 per Share for a period of two years from the date of closing of the Offeringsubject to the Blocker Provision.
  • The proceeds of the Debenture Financing and the Offering are expected to be used for working capital.
  • The Debenture Financing and the Offering are subject to the approval of the CSE.
  • This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securitiesin the United States. The securities offered have not been and will not be registered under the UnitedStates Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and maynot be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unlessregistered under the U.S. Securities Act and applicable state securities laws, unless an exemption fromsuch registration is available.
  • Grant of Stock Options (“Options”) and Restricted Share Units (“RSUs”)
  • Pursuant to the Company’s Equity Incentive Plan, the Company granted 595,000 Options and 428,750RSUs to directors, officers, employees and consultants of the Company.
  • Each Option is exercisable to purchase one common share in the capital of the Company at a price of$0.06 per common share for a period of five years, and each RSU represents the right to receive onecommon share in the capital of the Company over a two year vesting period.

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All securities to be issued pursuant to the Debenture Financing, the Offering and the Options and RSUs(and any common shares issuable upon exercise thereof) will be subject to a four month and one day holdperiod in accordance with the policies of the CSE and applicable Canadian securities legislation.

On Behalf of the Board,

ANONYMOUS INTELLIGENCE COMPANY INC.

Allan LarmourDirector

About Anonymous Intelligence Company Inc.

Anonymous Intelligence Company Inc. (CSE: ANON) (OTC: ANICF) (FRANKFURT: 1JI0) is a leadingcomputational intelligence, decentralized network, and data technology company. Leveraging itsproprietary suite of AI and privacy-enabled products, ANON aims to empower individuals and businessesto have increased confidence in technology. Through its innovative solutions, ANON is committed todelivering cutting-edge technology while prioritizing user privacy and data security. For more informationabout Anonymous Intelligence Company and its suite of products, please visit www.anonintelco.com.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for theadequacy of accuracy of this release. No stock exchange, securities commission or other regulatoryauthority has approved or disapproved the information contained herein

Forward-Looking Statements

Certain statements in this press release are forward-looking statements and are prospective in nature.Forward-looking statements are not based on historical facts, but rather on current expectations andprojections about future events, and are therefore subject to risks and uncertainties which could causeactual results to differ materially from the future results expressed or implied by the forward-lookingstatements. These statements generally can be identified by the use of forward-looking words such as“may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or“continue”, or the negative thereof or similar variations. Forward-looking statements in this news releaseinclude statements regarding the Company’s ability to successfully launch products and expandpartnerships, the ability of the new management to use his experience to positively impact ANON’sbusiness, and the ability of the Company to close the Debenture Financing and the Offering for any reason.Such statements are qualified in their entirety by the inherent risks and uncertainties that the proceeds ofthe Offering may be used other than as set out in this news release and other factors beyond the controlof the Company. Such forward-looking statements should therefore be construed in light of such factors,and the Company is not under any obligation, and expressly disclaims any intention or obligation, toupdate or revise any forward-looking statements, whether as a result of new information, future eventsor otherwise.

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