An anonymous director reports

NEW LEAF VENTURES ANNOUNCES SHARES FOR DEBT SETTLEMENT

New Leaf Ventures Inc. has entered into a debt settlement agreement with non-arm's-length creditors to settle an aggregate of $54,000 of debt for services provided by the creditors to the company.

In settlement and full satisfaction of the debt in the amount of $54,000, the company has agreed to issue to the creditors an aggregate of 514,284 common shares in the capital of the company at a deemed issue price of 10.5 cents per common share.

All common shares issued pursuant to the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance of the common shares in accordance with applicable securities legislation.

The debt settlement may be considered a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions as the creditors are insiders of the company. The debt settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 under subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the common shares issued to the insiders nor the fair market value of the consideration paid exceed 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days prior to the closing of the debt settlement as the company wishes to close the transaction expeditiously.

About New Leaf Ventures Inc.

New Leaf Ventures is developing a cannabis sector-based scalable concept of focused financing and applied management to achieve earnings growth through targeted investment. The company's flagship enterprise is New Leaf USA and its subsidiaries, which provide licences, real property, intellectual property and equipment for lease, certain administrative services, and other ancillary services to a Washington-based producer for the processing, packaging, and distribution of cannabis and cannabis-related products.

We seek Safe Harbor.