Ms. Linda Sampson reports

MARAPHARM VENTURES INC. IMPLEMENTS DIVIDEND POLICY, ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING, CONSULTING AGREEMENTS, AND DEBT SETTLEMENT

As part of Marapharm Ventures Inc.'s long-term strategy to maximize shareholder value, the board has implemented a dividend policy as of today's date. The payment of future cash dividends is subject to the board's determination to react to actual future market conditions in the interest of Marapharm.

Linda Sampson, the company's chief executive officer, stated, "This policy implementation is yet another sign that the company is optimistic about its prospects and is excited by this policy addition, as it defines how our shareholders will be rewarded in the future for their loyalty."

Ms. Sampson, chief executive officer and director, has exercised 400,000 share purchase options with a strike price of 50 cents for total proceeds to the company of $200,000.

At the company's annual general meeting held on Sept. 16, 2016, Linda Sampson, Corey Klassen and Yari Nieken were elected as directors of the company, and Saturna Group Chartered Accountants LLP was reappointed as auditor of the company for the ensuing year. The shareholders also approved the company's 10-per-cent rolling stock option plan. There are three million shares reserved for issuance under the stock option plan. The company has granted stock options to purchase three million common shares of the company at an exercise price of 50 cents per share exercisable in whole or in part for a period of two years from the date of grant.

Officers:

Chief executive officer:  Ms. Sampson

Chief financial officer:  Corey Klassen

Audit committee:

Audit committee:  Ms. Sampson, Mr. Klassen and Yari Nieken

In addition, the company is pleased to announce that it has engaged Pioneer Ventures Inc., Solar Properties Ltd. and Hilltop Business Center Inc. to provide various investor relations services to the company. Pioneer Ventures, Solar Properties and Hilltop Business Center Inc. are Vancouver-based firms that provide advice and assistance on financings and access to capital markets. Pursuant to the consulting agreements, the company has agreed to issue one million common shares to each of Pioneer Ventures, Solar Properties and Hilltop Business Center Inc. during the term of the agreements. Pioneer Ventures, Solar Properties and Hilltop Business Center are beneficially owned and controlled by two shareholders of the company who own an aggregate of 5.1 per cent of the common shares, common share purchase warrants and incentive stock options exercisable into 700,000 common shares of the company at a price of 75 cents per share. The consulting agreements with Pioneer Ventures, Solar Properties and Hilltop Business Center and the issuances of shares under these agreements are subject to regulatory approval.

The company is also pleased to announce that it has settled $207,752.46 in outstanding debt through an issuance of common shares. To preserve its cash to finance its Nevada and Washington projects, the company has issued a total of 288,702 common shares at a price of 70 cents per share to settle the debt of $207,752.46 through two separate creditors.