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File: Lotus Ventures News Release Oct 30 2018 fin.pdf

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       Suite 1010   1030 West Georgia Street, Vancouver, British Columbia V6E 2Y3

Canadian Securities Exchange: Symbol J

Vancouver, British Columbia   October 30, 2018


                          Lotus Update   Branding and Planning

Lotus Ventures (the "Company") is approaching completion of its initial 22,500 square feet
facility and anticipates submission of its evidence package in November. Design work and
building permit drawings for the expansion of the facility by an additional 28,000   30,000 square
feet is almost complete. The company will provide an update on the expansion budget, estimated
capacity and timeline shortly after permit drawings are complete.

Lotus Ventures has retained IF Communications for assistance in the company's packaging and
branding of Lotus' strains. The company executives and production staff including Head Grower
and First Grower identified the groups dedication to reliable production of premium cannabis
products. The company is well aware of the North Okanagan's tradition of producing top-quality
medical and recreational marijuana, and in a wide variety of specialized strains.

The Lotus brand approach will express the enhancement of plant health and growing conditions
through authentic cultivation processes, and the best technology on environmental and sanitation
controls. These technologies also enable low production costs for a premium product.

Further to the news release of October 15, 2018, the company has closed a third tranche of its
non-brokered private placement financing by issuance of 2,800,000 units at a price of $0.25 per
unit for gross proceeds of $700,000. Each unit consists of one common share and one
transferrable share purchase warrant, each warrant exercisable to purchase one common share at
$0.30 per share for five years. Securities issued pursuant to the financing are subject to a four-
month hold period under applicable Canadian securities law. Total proceeds from the placement,
announced Sept. 11, 2018, was an aggregate of $2,815,000 and 11,260,000 units issued. The
proceeds from the Offering will be used for working capital and general corporate purposes.

ON BEHALF OF THE BOARD
Lotus Ventures Inc.
"Dale McClanaghan"
Dale McClanaghan, President and CEO

For further information: Dale McClanaghan: dalemcclanaghan@gmail.com (604) 644-9844 or
Daniel McRobert, Communications danielmcrobertt@gmail.com (604) 842-4625
 Forward-Looking Information

This news release may contain certain "forward-looking information" within the meaning of
applicable Canadian securities law. Forward-looking information is frequently characterized by
words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed", and other similar words, or information that
certain events or conditions "may" or "will" occur. This information is only a prediction. Various
assumptions were used in drawing the conclusions or making the projection caintained in the
forward-looking information throughout this news release. The Company is under no obligation,
and expressly disclaims any intention or obligation, to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of
this release.