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File: GLH - Press Release - Private Stash.docx

Golden Leaf Holdings Ltd. Introduces New Golden Private Stash Product Line

TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH), is plea
--->sed to announce the introduction of its new Golden Private Stash product line, a premium and solvent-free cannabis oil
---> product small batch crafted in Oregon. Set to launch in June through the Company's medical marijuana dispensary distr
--->ibution channel, Golden's Private Stash is targeted at medical and recreational cannabis users looking for high potenc
--->y and pure solvent-free cannabis oil products. 

One of the largest growth areas in cannabis consumption is vaporizing concentrates. A growing demand exists in the mar
--->ket for solvent-free oil products that deliver a potent, flavorful and clean concentrate user experience. To take adva
--->ntage of this trend, GLH leverages cutting-edge manufacturing processes and special fractional distillation equipment 
--->to produce solvent-free oil more transparent than CO2 cannabis oil extract with a bright yellow color. 

The extraction process is uniquely designed to produce THC levels of over 90% and will be available for the initial la
--->unch in all-natural, terpene based flavors including natural or raw, and mint. More flavors will be introduced in the 
--->future. Terpenes are organic compounds found in a variety plants that give them their scent, color and flavor. Along w
--->ith the tagline "Indulge Your Senses," Golden Private Stash will sell in premium packaging developed to provide consum
--->ers with a lifestyle oriented cannabis experience. 

"With Private Stash by Golden we're leveraging technology and innovation to deliver a unique, refined and elevated sol
--->vent-free cannabis oil experience," said GLH's Chief Marketing Officer, Bliss Dake. "With the addition of this new pro
--->duct line, we continue to build out our differentiated brand portfolio focusing on relevant consumer segments in the c
--->annabis market."

Don Robinson, GLH's Chief Executive Officer, stated, "It's anticipated that the introduction of the Golden Private Sta
--->sh product line will provide the Company with the opportunity to capture larger market share and increased growth from
---> this new solvent-free oil revenue channel."

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

For further information, please contact:
 
Golden Leaf Holdings Ltd. Investor Relations:
Paul Searle
Investor Relations, Golden Leaf Holdings Ltd.
T: 778.240.7724
E:pauljsearle@shaw.ca
 
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securi
--->ties legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company'
--->s future business operation, expectations of gross sales, the opinions or beliefs of management, and future business g
--->oals. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plan
--->s", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "antici
--->pates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions,
---> events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking info
--->rmation is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, leve
--->l of activity, performance or achievements of the Company to be materially different from those expressed or implied b
--->y such forward-looking information, including but not limited to general business, economic and competitive uncertaint
--->ies, regulatory risks including risks related to the expected timing of the early roll out of oils and edibles, market
---> risks, risks inherent in manufacturing operations and other risks of the cannabis industry. Although the Company has 
--->attempted to identify important factors that could cause actual results to differ materially from those contained in f
--->orward-looking information, there may be other factors that cause results not to be as anticipated, estimated or inten
--->ded. There can be no assurance that such information will prove to be accurate, as actual results and future events co
--->uld differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance 
--->on forward-looking information. Forward-looking information is provided herein for the purpose of presenting informati
--->on about management's current expectations relating to the future and readers are cautioned that such information may 
--->not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except
---> in accordance with applicable securities laws.