ESG GLOBAL IMPACT CAPITAL INC.

1000 – 925 West Georgia Street

Vancouver, BC

V6C 3L2

For Immediate Release

DEBT SETTLEMENT

VANCOUVER, BC, CANADA – October 22, 2021 ESG Global Impact Capital Inc. (“ESG” or the “Company”) (TSXV: ESGW) reports that, subject to regulatory approval, the Company has agreed to issue 1,307,692 common shares at deemed price of $0.1147 per share to settle an aggregate indebtedness of $150,000 to an arms-length party. All securities will, when issued, be subject to a four month plus one day hold period.

For further information, contact Mr. David Berg, CEO of ESG Global Impact Capital Inc. at: info@esgcapitalinc.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.