Kadestone Capital Corp. Announces Appointment of Kevin Hoffman as Chief Development Officer

Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Kadestone Capital Corp. (TSXV: KDSX) (OTCQB: KDCCF) ("Kadestone" or the "Company"), a vertically integrated property company, announces the appointment of Kevin Hoffman as Chief Development Officer, effective November 1, 2024.

"We are incredibly fortunate to have Kevin Hoffman join the Kadestone team," said Brent Billey, Chief Executive Officer, Kadestone. "He has an excellent track record in building new capabilities, forging strategic partnerships and advancing projects. As Kadestone's Chief Development Officer, Kevin will be responsible for pursuing, obtaining and executing on development projects for Kadestone. He has the right vision, skills and experience to lead the project development efforts targeted by the Company."

"I am excited to assume my new responsibilities at Kadestone," said Mr. Hoffman. "Kadestone's platform and plans for future projects present an exciting opportunity for me to help Kadestone achieve its strategic goals. I am looking forward to being a part of this outstanding team and it's my privilege to lead the project development efforts for Kadestone."

Kevin Hoffman, based in Vancouver B.C., will join Kadestone from Vanprop Investments where he serves as Chief Executive Officer. Previously, Mr. Hoffman held roles at Aquilini Development and Construction, Concord Pacific and Bluestone Construction Ltd.

About Kadestone

Kadestone was established to pursue the investment in, acquisition, development and management of residential and commercial income producing properties within major urban centres and high-growth emerging markets in Canada. The Company operates complimentary business lines spanning development and construction, construction finance, asset ownership and property management. These synergistic business lines have solidified Kadestone's vision to become a market leading vertically integrated property company. Additional information can be found at www.kadestone.com.

ON BEHALF OF THE BOARD

(signed) "Brent Billey"
President, CEO and Director

Neither 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.

Cautionary Statement Regarding Forward Looking-Statements

Certain information in this press release, including, but not limited to, the Company's ability to identify opportunities and secure additional investments in 2024 and the Company's vision to become a leading vertically integrated property company, may constitute forward looking information (collectively, "forward-looking statements"), which can be identified by the use of terms such as "may," "will," "should," "expect," "anticipate," "project," "estimate," "intend," "continue" or "believe" (or the negatives) or other similar variations. Because of various risks and uncertainties, including those referenced below, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. As a result, you should not rely on such forward-looking statements. Additional information identifying assumptions, risks and uncertainties relating to Kadestone is contained in Kadestone's filings with the Canadian securities regulators available at www.sedarplus.ca. These risks include those described in the "Risk Factors" section of the Company's final prospectus dated September 2, 2020, and in the Management's Discussion and Analysis for the years ended December 31, 2023 and 2022. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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