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Suite 1010 - 1030 West Georgia Street, Vancouver, British Columbia V6E 2Y3 

Canadian Securities Exchange:  Symbol J 

Vancouver, British Columbia - October 1, 2018


LOTUS CLOSES FIRST TRANCHE OF $2 MILLION PRIVATE PLACEMENT 

Lotus Ventures Inc. is pleased to announce that it has closed the first tranche of its non-brokered private placement 
--->financing by issuance of 7,680,000 units at a price of $0.25 per unit for gross proceeds of $1,920,000. Each unit cons
--->ists of one common share and one transferrable share purchase warrant, each warrant exercisable to purchase one common
---> share at $0.30 per share for five years. Securities issued pursuant to the financing are subject to a four-month hold
---> period under applicable Canadian securities laws. The proceeds from the Offering will be used for working capital and
---> general corporate purposes.

ON BEHALF OF THE BOARD
Lotus Ventures Inc.
"Dale McClanaghan" Dale McClanaghan, President and CEO

For further information: Dale McClanaghan: dalemcclanaghan@gmail.com (604) 644-9844

Forward-Looking Information 
This news release may contain certain "forward-looking information" within the meaning of applicable Canadian securiti
--->es law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "projec
--->t", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or 
--->information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various as
--->sumptions were used in drawing the conclusions or making the projections contained in the forward-looking information 
--->throughout this news release. The Company is under no obligation, and expressly disclaims any intention or obligation,
---> to update or revise any forward-looking information, whether as a result of new information, future events or otherwi
--->se, except as expressly required by applicable law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.