Mr. Paul Searle reports

GOLDEN LEAF HOLDINGS ISSUES SHARES TO SETTLE DEBT

Golden Leaf Holdings Ltd. (GLH) has agreed to settle outstanding indebtedness of $50,000 owed to a consultant retained by the company to secure financing through the issuance of 150,000 common shares of the company at a deemed price of 33.3 cents per common share. The common shares to be issued in connection with the debt settlement are subject to a four-month hold period. The consultant is at arm's length to the company.

About Golden Leaf Holdings

Golden Leaf Holdings is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. The company leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil.

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