Mr. Rav Mlait reports

CANNABIX TECHNOLOGIES INC. ANNOUNCES RECORD DATE OF PLAN OF ARRANGEMENT

Cannabix Technologies Inc., further to the previously announced plan of arrangement with Torino Ventures Inc. (Spinco), a private British Columbia company and wholly owned subsidiary of the company, has set the record date for the arrangement as March 10, 2015. Refer to the company's information circular dated Jan. 14, 2015, for additional information concerning the arrangement.

The record date for the arrangement has been set as March 10, 2015, which is the date for shareholders of the company to participate in the arrangement. The company anticipates that the effective date for the arrangement will be on or about March 12, 2015. Shareholders of record on the effective date will receive one new common share and one Class 1 reorganization share of the company. On the effective date, and pursuant to the arrangement, all of the Class 1 reorganization shares will be automatically transferred by shareholders to Spinco in exchange for eight million common shares of Spinco to be issued to shareholders on a pro rata basis (resulting in approximately 0.16 of a common share of Spinco being issued for every one Class 1 reorganization share, based on the company's current number of issued and outstanding shares). Immediately following this, the company will redeem all of the Class 1 reorganization shares by the transfer to Spinco of $10,000 cash and the Hazeur gold property, also known as the Monster Lake property, and all assets related thereto.

Fractional shares of Spinco will not be issued, and any fractional shares resulting from the arrangement will be cancelled. As the rights and restrictions of the new common shares are identical to the current common shares, no replacement share certificates for the new common shares will be distributed to shareholders. Share certificates for the Spinco common shares will be distributed or credited to shareholders of record on the effective date.

The shares of the company will trade ex distribution on March 6, 2015, meaning that purchasers of the company's shares after March 6, 2015, will not receive Spinco shares pursuant to the arrangement.

We seek Safe Harbor.