Mr. J. Craig Goodwin reports

NATURALLY SPLENDID ANNOUNCES PROPOSED PRIVATE PLACEMENT FINANCING

Naturally Splendid Enterprises Ltd.'s board of directors has approved a proposed private placement offering of a minimum of 5,555,555 units up to a maximum of 9,259,259 units at a price of 27 cents per unit for minimum gross proceeds of $1.5-million and up to maximum gross proceeds of $2.5-million.

Naturally Splendid chief executive officer Craig Goodwin states: "We continue to increase sales through several channels including exports, our 100-per-cent-owned retail lines, as well as the POS Bio Processing Centre. On July 1, 2016, the company will be moving to its new expanded location in the Greater Vancouver region to accommodate the increased product flow and sales. This raise allows us to continue our aggressive exporting strategy and add to our South Korean success with exports to additional countries in Asia and Europe. We are currently at an advanced stage of negotiations with three countries for bulk and retail exports of our hemp-based products, including HempOmega."

Mr. Goodwin further states: "We will also direct funds towards commercializing and monetizing our cannabidiol (CBD) technologies and products as regulatory issues continue to clear, resulting in fewer legal challenges in this highly regulated market, subject to TSX Venture Exchange regulatory approval. As with emerging opportunities, timing is of utmost importance, and we are well positioned to penetrate this market as that time nears. We believe it is just a matter of time until the CBD regulations are relaxed allowing for neutraceutical grade-CBD products."

Each unit 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 security holders pursuant to B.C. Instrument 45-534, exemption from prospectus requirement from certain trades to existing security holders, 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 B.C. 45-534 is being made to existing security holders who held shares of Naturally Splendid on June 2, 2016.

Naturally Splendid plans to use the gross proceeds of the offering as shown in the attached table.

                             Minimum gross proceeds ($)   Maximum gross proceeds ($)

Product development                           $300,000                     $550,000                   
                                                                              
General corporate purposes                   1,200,000                    1,950,000
                                             ---------                    ---------                 
Total                                        1,500,000                    2,500,000
                                             =========                    =========

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 Venture Exchange.

We seek Safe Harbor.