JONES SODA CO. OFFERS AT A GLANCE AT THE REAL PLACEMENT By Investing.com

Seattle, August 16, 2024 /PRNewswire/ — Jones Soda Co. (“Jones Soda“or”Company“) (CSE: JSDA, OTCQB: JSDA) wishes to provide an update on the private placement of units consisting of (i) one (1) half of the ordinary share in the capital of the Company and (ii) one (1/2) ) of warrants to purchase shares issuable for a sum of money received up to US$5,000,000 announced at the beginning of today's Company news August 1, 2024 (the “A donation“) The Company has currently completed two tranches of the Offer for consolidated proceeds $3,653,960. The Company intends to complete the third and final phase of the Offering early August 21, 2024.

None of the securities being offered and sold in the Offering have been registered under the United States Securities Act of 1933, as amended, (the “In the US Security Law“) at the time of the Offering, however, such securities include subscription rights. None of the securities issued in the Offering or any underlying securities may be offered or sold the United States registration not under In the US The Securities Act and all applicable federal securities laws or applicable exemptions from these registration requirements.

This news release will not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United Statesand may not involve the offer, solicitation or sale of any securities in any state or place where such offer, solicitation or sale would be unlawful. This press release is issued pursuant to and in accordance with Rule 135c under In the US Security Law.

About Jones Soda

Jones Soda Co. ® (CSE: JSDA, OTCQB: JSDA) is a leading developer of cannabis-infused sodas and beverages known for their premium taste, unique taste and extraordinary brand personality. Founded in 1996 as the first craft soda brand, the Company today markets a diverse portfolio of sodas, mixers and health drinks under the Jones ® Soda brand as well as a line of award-winning cannabis beverages and edibles that enhance Jones' trademark taste under the Mary Jones brand. For more information, visit www.jonessoda.com, www.myjones.com, or

Contacts
David KnightPresident and Chief Executive Officer
1-206-624-3357

Investor relations
Cody Cree (NYSE: )Company Gateway Group, Inc.
1-949-574-3860
JSDA@gateway-grp.com

CSE accepts no responsibility for the adequacy or accuracy of this release.

NEITHER CHANGE OF CANADIAN PROVISIONS OF REPORTS NOR ITS LEGAL SERVICES PROVIDERS REVIEW OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statements Regarding Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable securities laws Canada again the United Stateswhich reflects management's expectations about future events. Such information includes, without limitation, information regarding the completion and timing of the third phase of the Offering. Although the Company believes that such information is reasonable, it cannot provide assurance that such expectations will prove to be true.

Forward-looking information is generally identified by words such as: “believe”, “anticipate”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or those which, by their nature, refer to them. future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance and that such forward-looking information is based on a number of estimates and management's assumptions based on management's experience and perception of current trends. conditions and expected developments, and other factors that management believes are appropriate and reasonable under the circumstances, as of the date of this news release including, without limitation, whether the Company will be able to complete the third phase of the Offering or use the proceeds of the Offering in the intended manner; that business and general economic conditions will not change adversely; and assumptions regarding political and regulatory stability and financial and financial market stability.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others: the risk that the Company may not be able to complete the third stage of the Offering; the risk that the Company may not be able to use the Donation funds as intended; the condition of the financial markets for the Company's securities; the Company's ability to raise necessary capital or be able to fully implement its business strategies; and other risks and factors that the Company is not aware of at this time.

Forward-looking statements contained in this news release are made as of the date of the news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.