Mr. Michael Nederhoff reports

PSYCHED WELLNESS ANNOUNCES SECURED TERM LOAN

Psyched Wellness Ltd. has entered into secured term notes with Gotham Green Fund I LP and Gotham Green Fund I (Q) LP for an aggregate principal amount of $110,577 (U.S.). The proceeds of the loan will be used by the company for operating expenses and inventory purchases related to operating the company's business under the AMA brand.

The loan bears interest at the rate equal to the applicable secured overnight financing rate plus 5 per cent per annum, compounded annually in accordance with the terms of the notes, with all accrued interest together with the principal amount payable on Sept. 9, 2028. Each note is secured by a continuing security interest over all assets and property of the company directly related to the company's business under the AMA brand.

The loan constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as the lenders, together with their affiliates and/or co-investors, jointly control over 10 per cent of the outstanding common shares of the company. The company is relying on the exemptions from formal valuation and minority approval requirements contained in Section 5.5(b) and Section 5.7(1)(f) of MI 61-101 as the company is not listed or quoted on a specified market and the loan is a non-convertible loan obtained on reasonable commercial terms that are not less advantageous to the company than if the loan were obtained from a person dealing at arm's length and not repayable, directly or indirectly, in equity or voting securities of the company or a subsidiary.

About Psyched Wellness Ltd.

Psyched Wellness is a Canadian-based health supplement company dedicated to the distribution of mushroom-derived products and associated consumer packaged goods. The company's objective is to create premium mushroom-derived products that have the potential to become a leading North American brand in the emerging functional food category.

We seek Safe Harbor.