Psyched Wellness Provides Corporate Update

Toronto, Ontario-(Newsfile Corp. - June 10, 2026) - Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the "Company" or "Psyched Wellness"), a life sciences company focused on the production and distribution of health and wellness products derived from the Amanita Muscaria mushroom, announces that Jeff Stevens has stepped down from his position as Chief Executive Officer and resigned as a director of the Company, each effective May 31, 2026.

Mr. Stevens has also resigned from all of his positions with AME Wellness Inc., the Company's wholly owned subsidiary, effective May 31, 2026. Specifically, he has stepped down as President, Treasurer, Secretary and Director of AME Wellness Inc.

In addition, the Company announces that Janeen Stodulski has resigned as a director of the Company, effective June 9, 2026.

The Board of Directors would like to thank Mr. Stevens for his leadership, dedication, and contributions to the Company during his tenure and would like to thank Ms. Stodulski for her contributions and wish them both continued success in their future endeavors.

Effective June 1, 2026, Michael Nederhoff, the current Chairman of the Board, will assume the role of Interim Chief Executive Officer while the Company undertakes the process of identifying a permanent CEO.

The Company remains focused on advancing its strategic objectives and delivering value to its shareholders, customers, and stakeholders.