MIMI’S ROCK PROVIDES AN UPDATE TO SHAREHOLDERS ON THE STATUS OF FINANCIAL STATEMENT FILINGS

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TORONTO, May 24, 2022 /CNW/ – Mimi’s Rock Corp. (there “Company“) (TSXV: MIMI) (OTCQB: MIMNF) announced today that it is in the process of finalizing the work necessary to complete the filing of its audited annual financial statements for the financial year ended December 31, 2021 and related MD&A, and officers’ certificates (collectively, the “Deposits required“) which were to be filed on May 2, 2022 (there “Deadline for filing“).

The Company remains subject to a failure to file a cease trade order against the Company (“CTO“) by the Ontario Securities Commission (the “CSOs“) which orders a halt to general trading, whether direct or indirect, in the securities of the Company. The Company does not expect any interruption in the operations of the Company during the CTO.

The Company continues to have a target date to make the required filings no later than May 27, 2022however, circumstances beyond the control of the Company may require deposits to be made several days later, the week of the May 30. The revocation of the CTO should take place a few days after the filing of the required documents. However, there can be no assurance that the Company will be able to remedy its failure to file and have the CTO lifted in a timely manner or at all.

About Mimi’s Rock Corp. :

Mimi’s Rock Corp. (mimisrock.com) is an online dietary supplement and wellness company that markets and sells its products under the Dr. Tobias, All Natural Advice and Maritime Naturals brand names. The Dr. Tobias brand offers over 30 products, including the best-selling Colon 14-Day Cleanse and #1 Selling Omega 3 Fish Oil on Amazon.com. All Natural Advice and Maritime Naturals products focus on skin care and beauty. Products sold under the All Natural and Maritime Naturals brand names are manufactured in Canada and registered with Health Canada and under the EU Cosmetics Act. All Natural Advice was featured on BNN as the top-selling skincare brand in Canadaand has been ranked #1 beauty brand on Amazon Canada for the past four years.

Forward-looking statements

This press release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Forward-looking statements can often be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information indicating that certain events or conditions “may” or “will” occur. Forward-looking statements in this press release include statements regarding the expected timing of the filing of the required documents and the expected removal of the CTO following the filing of the required documents.These forward-looking statements are based on assumptions known to management at this time, and are subject to risks and uncertainties which may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including that required filings may not be completed when expected, that the OTC will be waived in a timely manner and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur as or when expected, or not at all, or, if they occur, what benefits the Company will derive therefrom. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise, unless this is expressly required by applicable securities laws.

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 press release.

SOURCEMimi’s Rock Corp.

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