Mr. Steve Bromley reports

ORGANTO FOODS ANNOUNCES C$7.0 M PRIVATE PLACEMENT

Organto Foods Inc. has arranged a non-brokered private placement of up to 14 million units of the company at a price of 50 cents per unit for gross proceeds of $7-million, with each unit consisting of one common share in the capital of the company and one-half common share purchase warrant of the company.

Each full warrant shall entitle the holder thereof to acquire one common share at a price per warrant share of 75 cents for a period of 18 months from the closing date of the private placement, subject to acceleration.

The warrants will be subject to the right of the company to accelerate the expiry date of the warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after the closing date, the closing price of the company's common shares equals or exceeds $1.00 for a period of 10 consecutive trading days on the TSX Venture Exchange.

The company may pay finders' fees comprising a cash commission of up to 7.5 per cent of the gross proceeds of the private placement. The company intends to use the net proceeds from the private placement to continue the growth of the company's organic and fairtrade fruit and vegetable products and technology platform and for general working capital purposes.

Completion of the private placement will be subject to the prior approval of the TSX Venture Exchange as well as all other requisite corporate, regulatory and security holder approvals, as applicable.

Further, all securities issued pursuant to the private placement described above will be subject to a hold period of four months and one day from their date of issuance in accordance with applicable Canadian securities laws, as well as a 12-month contractual restriction on transfer commencing on the date of issuance and ending on the first anniversary of the date of issuance.

About Organto Foods Inc.

Organto is a leading provider of branded, private label, and distributed organic and non-GMO (genetically modified organism) fruit and vegetable products using a strategic asset-lighter business model to serve a growing socially responsible and health-conscious consumers. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.

We seek Safe Harbor.