BEACN Wizardry & Magic Announces Resignation of CFO and Appointment of Interim CFO

Victoria, BC – May 9, 2023 – BEACN Wizardry & Magic Inc. (“BEACN” or the “Company”) (TSXV:BECN) today announced the resignation of Robert Doyle, Chief Financial Officer, effective immediately. The company also announced the appointment of Daniel Davies as the Interim Chief Financial Officer, effective immediately.

“We thank Bob for his contributions to our company during his time with us,” said Craig Fraser, CEO of BEACN. “We wish him all the best in his future endeavors.”

Daniel, as co-founder, President and CTO of BEACN has comprehensive knowledge of the company and its operations and has a strong commitment to the continued success of BEACN during the transition period.

About BEACN Wizardry & Magic Inc.

BEACN (TSX-V: BECN) develops innovative audio equipment, peripherals and technology for gamers, live streamers, and content creators.  BEACN is committed to delivering premium products that enable everyone to produce studio-quality content. BEACN’s award-winning product ecosystem includes BEACN Mic, BEACN Mix and BEACN Mix Create.

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BEACN Wizardry & Magic Inc.

Reader Advisory

Certain information set forth in this news release contains forward-looking statements or information (” forward-looking statements “), including details about the proposed Offering and the Company’s proposed use of proceeds from the Offering. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation’s control, including risks associated with the inability to complete the Offering, timing of receipt of regulatory approval, change in market conditions, evolving global supply chain issues, evolving economic and political issues, and demand for BEACN products. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated, or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward- looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.