Mr. Dieter Peter reports

NASS VALLEY GATEWAY LTD. - CORPORATE UPDATE

At Nass Valley Gateway Ltd.'s annual general meeting held on Wednesday, Dec. 12, 2018, Milo Filgas, Eric Peter-Kaiser, Andrew von Kursell and Dieter Peter were re-elected as directors of Nass Valley. James Elliott was elected as additional member of the company's board of directors of the company. The shareholders also reappointed Manning Elliott LLP, chartered accountants, as the company's auditor and passed the resolutions approving and ratifying the company's stock option plan, which is a rolling 10-per-cent plan.

Nass Valley welcomes Mr. Elliott to the board of directors. With his experience in senior roles as chief executive and technology officer, principal engineer, and special project engineer and his expertise in CBD (cannabidiol) extraction, medical devices, diagnostics and IVD (in vitro diagnostic) sectors, he will contribute in a very pro-active way to the company's success subsequent to the closing of its proposed transaction.

The board of directors appointed the following officers and committee members:

• Officers:
  • President and chief executive officer -- Mr. Peter;
  • Interim chief financial officer and corporate secretary -- Mr. Peter-Kaiser;
• Audit committee:
  • Mr. von Kursell, Mr. Elliott and Mr. Filgas;
• Advisory committee:
  • Members to be nominated during the ensuing year.

The board decided not to establish any other board committees until it has received the final approval from the Canadian Securities Exchange for its proposed transaction for the acquisition of Advanced Bioceuticals Ltd. and Pro-Thotics Technology Inc.

We seek Safe Harbor.