HNZ Group Inc. (TSX: HNZ) (the “Corporation”) announced today that the board of directors of the Corporation (the “Board”) has approved amendments to its stock option plan (the “Option Plan”). The amendments have been proposed to address issues raised by certain shareholders in the course of their review of the matters to be voted on at the upcoming annual and special meeting of the shareholders of the Corporation to be held on May 12, 2017 (the “AGM”).

The Option Plan will be amended to reduce the maximum number of shares issuable pursuant to Options under the Option Plan to be equal to 650,157 shares, or approximately 5% of the Corporation’s issued and outstanding common and variable voting shares, rather than the 10% maximum that was initially proposed.

The amended Option Plan will be put forward to shareholders for their approval at the AGM. Shareholders are reminded that the deadline for submitting proxies is 5:00 pm EST on May 10, 2017, and to consult their form of proxy for instructions on how to exercise their vote.