File: Attachment Lotus Receives Extension to File Creditor Proposal Feb 21 2024.pdf

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Canadian Securities Exchange: Symbol J

Lotus Receives Extension on Filing Creditor Proposal

Vancouver, British Columbia February 21, 2024 Lotus Ventures Inc. (CSE:J) ("Lotus" or the "Company") announced the Company, further to filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act, the Company received court approval to extend the time for filing the proposal to April 1, 2024.

ON BEHALF OF LOTUS VENTURES INC: Lotus Ventures Inc. "Dale McClanaghan" Dale McClanaghan, President and CEO

About Lotus Ventures Inc. Lotus Ventures Inc. is a BC based licensed cannabis producer. Lotus grows premium cannabis which is carried in retail locations across BC and Ontario.

Lotus Ventures Inc. is listed on the Canadian Securities Exchange (CSE:J) and on the OTC Markets (OTC:LTTSF).

For More Information:

President & CEO Dale McClanaghan dalemcclanaghan@gmail.com (604) 644-9844

Investor Relations investors@lotuscannabis.ca

Forward-Looking Information: This document includes certain statements that are not descriptions of historical facts but are forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, our future operating results, our expectations regarding the market for medical and recreational cannabis products, our expectations regarding the continued growth of the medical and recreational cannabis market, as well as all assumptions, expectations, predictions, intentions, or beliefs about future events. Users are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties have not been documented or mentioned in this document nor other communications made by the company. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

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