Mr. Robert Eadie reports

SWEET POISON TO ISSUE SHARES FOR DEBT

Sweet Poison Spirits Inc. has arranged to settle outstanding debt with various creditors, including insiders and a private company controlled by an insider, in the aggregate amount of $143,885.40 through the issuance of up to 2,877,708 postconsolidated shares at a postconsolidated price of five cents per share.

The amount of $131,285.40 is owing to insiders, and the issuance of any shares to insiders will constitute a related-party transaction as defined under Multilateral Instrument 61-101. Such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the financial hardship exemptions available thereunder.