Beyond Oil Expands into Australia with 5-Year T&J Oil Distribution Agreement Valued at Approximately $4.9M* – Beyond Oil (OTC:BEOLF)

VANCOUVER, British Columbia and Kibbutz Yifat, Israel, Jan. 22, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE: boiling) (OTKCP: Beowulf) (Frankfurt: UH9) (“Beyond oil“or”a company(“), an innovative food technology company dedicated to reducing the health risks associated with fried foods while lowering operating costs, reducing waste and promoting sustainability, is pleased to announce the signing of a distribution agreement with T&J Oil Pty Ltd. (“T&G oil“), headquartered in Perth, Australia. The agreement is for a five-year term and represents Beyond Oil’s entry into the Australian market and includes the granting of exclusivity to T&J Oil, subject to T&J Oil meeting its annual minimum purchase quantity commitments, for specific restaurant segments in Australia.

Under the terms of the agreement, which became effective on January 22, 2025, T&J Oil will act as a distributor of Beyond Oil’s oil processing products to non-chain restaurants and local chains that do not use filtration machines throughout Australia. The partnership is expected to help restaurants extend the life of their oil, improve food quality and reduce waste, in line with Australia’s push towards more sustainable practices in the foodservice industry.

The agreement includes a minimum total purchase commitment of $4,947,600 over the five-year period.*. For the first year of the agreement, T&J Oil has committed to purchasing a minimum of $243,600 worth of Beyond Oil products, with a significantly increased minimum subsequent commitment for the following four years. On top of the minimum commitments, the agreement also includes an annual license fee of up to a total of A$100,000 per year.

Additionally, as part of the agreement, Beyond Oil will provide certified training courses, with T&J Oil establishing a dedicated training center to support regional customers in improving their use of the Beyond Oil product.

*This total figure is dependent on T&J Oil meeting its annual requirements minimum Purchase commitments. Beyond Oil reserves the right to terminate the agreement or cancel T&J Oil’s exclusive arrangements if minimum annual commitments are not met, which cannot be guaranteed. In addition, projected revenues do not reflect profits, as they are subject to variable factors, including operational costs, licensing fees, and market conditions. and other factors in the forward-looking statement below. RReaders should take into account the fact that significant variations may occur in any potential future final figures on this basis.

Jonathan Orr, CEO of Beyond Oil, commented: “We are excited to partner with T&J Oil to bring our innovative oil processing technology to the Australian market. This agreement underscores our commitment to expanding globally and delivering healthier, more sustainable frying solutions to commercial kitchens around the world. With T&J Oil’s extensive distribution network and experience in the food service industry, We are confident in their ability to drive adoption of our products and maximize their impact across Australia.”

Oren Haas, CEO of TJ Oil, said: “We are very excited to embrace this new opportunity. We have been exploring and researching Beyond Oil’s revolutionary product for some time. We are confident in our ability to meet this challenge and help change the oil market. Beyond Oil is at a turning point, with recognition for its product “In more and more global markets, we are very pleased to be the chosen team to lead its breakthrough in Australia. We aim to capture significant market share and pursue the rare opportunity to create change and value for our customers.”

About Beyond Oil Limited
Beyond Oil Ltd. It is a food technology company in the health sector, with more than 15 years dedicated to innovative solutions and patents registered in Israel, the United States and Europe, as well as clearance from the US Food and Drug Administration, the Ministry of Health in Israel and the Ministry of Health Canada. . Beyond Oil reduces the risks of cancer and cardiovascular disease in the fried and processed foods we consume in our daily lives. Beyond Oil provides a unique solution for food processing and foodservice companies striving to produce and serve healthier foods, increase sustainability, while improving food quality and saving costs. For more information, visit our website: www.beyondoil.co.

About T&J Oil Pty Ltd.
T&J Oil Pty Ltd is an Australian based company specializing in the distribution, marketing and sale of cooking and frying related products to restaurants and industrial kitchens. With a deep understanding of the regional foodservice landscape, T&J Oil provides customized solutions to meet the needs of local organizations.

communication
Jonathan Orr
CEO and Co-Founder
Phone: +972 52-601-0680
info@beyondoil.co

arks | Capital markets advisors
North American Equity Desk
beyondoil@arxadvisory.com

TJ Oil Pty Ltd
Oren Haas, CEO
Email: beyondoilau@gmail.com
Phone: +61 457 686 607

Forward-looking statement and information
In no event has the Canadian Securities Exchange overridden the merits of the Company and has neither approved nor disapproved of the contents of this press release. Neither the Canadian Securities Exchange nor the Canadian Securities Exchange (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains “forward-looking statements” within the meaning of securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of these words are intended to identify forward-looking statements. Forward-looking statements are not historical facts and are based on management’s current expectations, beliefs and projections, many of which are, by their nature, inherently uncertain. These expectations, beliefs and expectations are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and expectations will be achieved, and actual results may differ materially from what is expressed or indicated in the forward-looking statements. In addition, we cannot guarantee that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a manner that will be beneficial to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference may be made to the Company’s reports submitted from time to time in sedarplus.ca. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company updates one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to them or with respect to other forward-looking statements. References and links to websites are provided for convenience, and the information contained on these websites is not incorporated by reference into this news release. The Company is not responsible for the content of third party websites.