Mr. J. Craig Goodwin reports

NATURALLY SPLENDID CEASE TRADE ORDER

The B.C. Securities Commission has issued a failure-to-file cease trade order pursuant to National Policy 11-207 (Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions) dated July 17, 2023, as a result of Naturally Splendid Enterprises Ltd.'s inability to file: (1) interim financial statements for the period ended March 31, 2023; (2) annual audited financial statements for the year ended Dec. 31, 2022; (3) management's discussion and analysis for the periods ended March 31, 2023, and Dec. 31, 2022; and (4) certification of interim and annual filings for the periods ended March 31, 2023, and Dec. 31, 2022. The FFCTO will not be rescinded until all the outstanding financials are filed.

The FFCTO prohibits the trading by any person of any securities of the company in each jurisdiction in Canada in which the company is a reporting issuer, including trades in the company's common shares made through the TSX Venture Exchange, for as long as the FFCTO remains in effect; however, the FFCTO provides an exception for beneficial securityholders of the company who are not currently (and who were not as of July 17, 2023) insiders or control persons of the company and who sell securities of the company acquired before July 17, 2023, if both of the following criteria are met: (i) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (ii) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid develops and distributes healthy lifestyle foods and products. Within the company, Prosnack Natural Foods focuses on nutritional bars, and Chii Naturally Pure Hemp is a retail line of hemp food products, while Pawsitive FX is a line of all natural balms for dogs. The company's history includes launching functional foods under brands such as Natera Sport, Natera Hemp Foods, Chii and Elevate Me. Naturally Splendid has also developed proprietary technologies for the extraction of healthy omega-3 and 6 oils, as well as a protein concentrate from hemp.