Mr. Craig Goodwin reports

NATURALLY SPLENDID USA PROVIDES CANNABIGEROL (CBGA) BIOSYNTHESIS OVERVIEW

Naturally Splendid Enterprises Ltd. is providing the following update.

The company is currently identifying multiple opportunities emerging from the recently acquired access to technologies from FSL Laboratories. Naturally Splendid chief executive officer Craig Goodwin said: "With the appointment of Mr. Racz as president of Naturally Splendid USA, we are now positioned to begin the process of monetizing the technologies we recently received from FSL. One of the opportunities in front of us is the potential to biosynthetically produce pharmaceutical-grade cannabinoids without having to grow a single plant and thus potentially lowering the cost of production significantly, creating a competitive advantage over traditional extraction and formulation technologies This technology may be applied in the development of food, beverage and nutraceutical/cosmetic products, and eventually for pharmaceutical applications."

In this regard, the company is pleased to report it has retained the services of Katie Schmitt from Boreal Technologies. Ms. Schmitt will be directly involved in the transfer of technological expertise obtained under the agreement from FSL and implementation of commercialization strategies as the company continues to progress with its plans to penetrate the evolving global opportunities. Naturally Splendid will license, develop, market and distribute cannabinoid products and technologies only in jurisdictions where these products are legal. The company would like to emphasize that in accordance with regulatory direction provided by the Toronto Stock Exchange, the company will obtain legal opinions of emerging business opportunities upon exchange request.

Naturally Splendid vice-president of operations Bryan Carson said: "We are pleased to have Ms. Schmitt join the Naturally Splendid team as we process the multiple monetary opportunities surrounding our recent agreement with FSL. There is no better way to advance these opportunities than to retain key personal within Boreal to assist us in driving multiple revenue opportunities. This is further proof of the existing and, in fact, the continued strengthening of the relationship between FSL/Boreal and Naturally Splendid."

Ms. Schmitt said: "FSL has filed a patent application covering the organic and enzymatic synthesis of cannabinoids. This technology will allow for industrial-scale production of cannabinoids catalyzed from cannbigerolic acid (CBGa) without the requirement to grow large quantities of plants. The process mimics the natural synthesis that occurs in the plant's bio pathway. Cannabinoids produced in the bioreactor are pharmaceutical-grade purity (greater than 99 per cent) and devoid of byproducts and impurities. The largest advantages with this technology over existing methods of cannabinoid production (natural and synthetic) are its low price per unit manufacturing costs (potentially one-10th to one-third the cost of existing methods), its ability to produce a diversity of products from a single manufacturing line and commercial scalability. It also creates access to lesser-known cannabinoids for research and analysis of their potential therapeutic applications."

NSP will identify licensed partners in legal jurisdictions that it can collaborate with to develop safe and efficacious cannabinoid therapies utilizing this technology. Potential therapeutic applications include:

• Analgesic -- relieves pain;
• Anti-bacterial -- slows bacterial growth;
• Anti-inflammatory -- reduces inflammation systemically;
• Anti-proliferative -- may inhibit cancer cell growth through apoptosis.

We seek Safe Harbor.