Mr. Douglas Mason reports

NATURALLY SPLENDID FIRST TRANCHE OF WAHUPTA INVESTMENT COMMITMENT COMPLETED

Naturally Splendid Enterprises Ltd. has closed the first tranche under its co-operation agreement with Wahupta Ventures Inc. by issuing 555,556 common shares of Naturally Splendid at a price of 27 cents per share for total proceeds of $150,000.

The shares will be subject to restrictions on resale expiring on Feb. 26, 2019.

As reported in the Oct. 9, 2018, news release, the proceeds of the investment will be used to continue the build of the Naturally Splendid's cannabinoid extraction facility in Pitt Meadows and for working capital purposes. This first tranche is one of three tranches totalling $500,000 and forms a portion of an overall investment of up to $2-million by Wahupta.

The investment will allow Naturally Splendid to complete its facility, which will position the company in a favourable position in the evolving cannabis markets in Canada within the new regulations taking effect Oct. 17, 2018, as well as evolving regulations that are anticipated to create additional cannabinoid business opportunities moving forward.

Through Naturally Splendid's wholly owned subsidiary, Naturally Splendid Extracts Ltd., Naturally Splendid has applied for a dealer licence under the Narcotic Control Regulations (Canada) in order to pursue a number of activities related to cannabis, including research and development, product development, and processing of cannabinoids. With new regulations coming into effect Oct. 17, 2018, the company will now be eligible to receive licences and permits that will be replacing the previous licensing structure.

Naturally Splendid president Craig Goodwin stated: "Cannabis regulations continue to evolve positively globally as witnessed by the recent regulatory changes in Canada. We will continue to focus on the opportunities surrounding the myriad of cannabinoids contained within cannabis sativa and, at this time, will be focused on the many opportunities with cannabidiol (CBD). The company has engaged consultants as well as embedded expertise within our advisory board to guide us through regulatory procedures. The combination of the appropriate licensing in conjunction with extraction capabilities and new product development will continue to provide multiple new opportunities to the company."

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is a biotechnology and consumer products company that is developing, producing, commercializing and licensing an entirely new generation of plant-derived, bioactive ingredients; nutrient dense foods; and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp cannabinoid compounds in a broad spectrum of applications.

We seek Safe Harbor.