Redfund Capital and Sunshine State Tea Launch Joint-Defense to Virus Pandemic

Redfund Capital Corp. (CSE:LOAN, OTC:PNNRF, Frankfurt:O3X4) (“Redfund” or the “Company”) has urgently joined forces with our portfolio client Sunshine State Tea, based in Florida, in collaboration with Intercontinental Hemp of Washington State to immediately manufacture a line of hand sanitizer products to help combat Covid-19.

The hand sanitizer products are already in production in Washington State as part of the premium personal-care brand Sunshine State; wholesale purchase orders are being vetted by the team. A consumer website will launch for Sunshine State Tea next week to meet individuals’ increased demand during the pandemic. The sanitizer is being offered in 1L /34 oz and 500 ml/17 oz with push pump, and 119 ml/4oz and 60 ml/2 oz with flip caps. Sunshine State uses locally sourced ingredients, that are safe for use on ones body. The active ingredient in the hand sanitizer is ethyl alcohol 70%. The inactive ingredients are aloe vera juice, carbomer, glycerine, propylene glycol, triethanolamine, and tocopheryl acetate. Sunshine State will ship both domestically and internationally. It is our social responsibility to look after our health and the health of our communities globally, as well as in our own countries of the United States and Canada.

When the World Health Organization declared the coronavirus a worldwide pandemic, defined as the “worldwide spread” of a new disease, the Company knew we had the networks and abilities to make a global difference. The spread of the coronavirus globally fuelled the increased demand for sanitizer products and we are glad to be part of the team helping wipe out Covid-19.

The CDC on March 14, 2020 stated, “Hand washing mechanically removes pathogens, while laboratory data demonstrate that 60% ethanol and 70% isopropanol, the active ingredients in CDC-recommended alcohol-based hand sanitizers, inactivates viruses that are genetically related to, and with similar physical properties as, the 2019-nCoV.”

“I am very proud that as the capital markets react to uncertainty, members of the Redfund team focused and assembled for an outreach program that relies on global empathy, cooperation, and community building that sit at the heart of every international movement. Redfund Director Ashleigh Vogstad stepped up and created an international initiative for the Company, making certain we created a robust hand sanitizer business-tobusiness program to help stop the transmission of the virus by manufacturing essential products for the public. The Company is excited to use her platform and support all of us defend ourselves against Covid-19. Be Safe!” said Meris Kott, CEO, Redfund.

About Redfund Capital Corp.

Redfund partners with first mover, high growth companies, and provides them with access to capital, resources, and infrastructure. The present focus of the merchant bank is on medical cannabis, hemp and CBD-related, healthcare-related target companies.

For further information please visit www.redfundcapital.com

For more information on Redfund Capital Corp. contact

Meris Kott CEO 604.484.8989

0r info@redfundcapital.com

Further information about the Company is available on www.SEDAR.com under the Company’s profile.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute “forward–looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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