Mr. Craig Goodwin reports

NATURALLY SPLENDID ANNOUNCES UPDATE TO PROPOSED PRIVATE PLACEMENT FINANCING

Naturally Splendid Enterprises Ltd. is amending the terms of its previously announced proposed private placement financing of up to 9,259,259 units at a price of 27 cents per unit for maximum gross proceeds of up to $2.5-million. The offering will no longer be subject to a minimum offering amount. All other terms of the offering remain unchanged.

Naturally Splendid's chief executive officer, Craig Goodwin, stated: "We have had ongoing conversations with multiple investment dealers and can report there is significant interest in our offering. Our objective is to close the first tranche of our offering in the shortest time possible and the entire offering within the next few weeks."

Each unit offered will comprise one common share of Naturally Splendid and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at 35 cents per share for a period of two years from the date of the issue. Naturally Splendid will have the right to accelerate the expiry date of the warrants if, at any time, the average closing price of Naturally Splendid's common shares is equal to or greater than 45 cents for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Naturally Splendid issues a news release announcing that it has elected to exercise this acceleration right.

The offering will be completed to accredited investors pursuant to National Instrument 45-106 -- prospectus and registration exemptions, to existing securityholders pursuant to B.C. Instrument 45-534 -- exemption from prospectus requirement from certain trades to existing securityholders, and to certain subscribers pursuant to B.C. Instrument 45-536 -- exemptions from prospectus requirement for certain distributions through an investment dealer. The offering of securities pursuant to 45-534 is being made to existing securityholders who held shares of Naturally Splendid on June 2, 2016. Naturally Splendid confirms that there is no material fact or material change regarding Naturally Splendid that has not been generally disclosed.

Naturally Splendid plans to use the gross proceeds of the offering for product development and general corporate purposes. In the event that Naturally Splendid receives subscriptions above the maximum, Naturally Splendid will adjust the subscriptions received on a pro rata basis.

Subject to TSX Venture Exchange approval, Naturally Splendid may pay finders a fee consisting of cash and warrants from the proceeds of the proposed offering. Closing of the proposed offering is subject to the approval of the TSX-V.

We seek Safe Harbor.