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File: Bougainville Venture ProvidesCorporate Update  Signs LOI with Oregon Hemp CBD Producer - MB FinalClean.pdf

 Bougainville Ventures Inc. Provides Corporate Update & Signs LOI with Oregon
                              Hemp CBD Producer

Vancouver, BC, Canada - October 29, 2018, BOUGAINVILLE VENTURES INC. ("Bougainville" or the
"Company") (CSE:BOG) is pleased to announce that it has signed a letter of intent (LOI) to enter into a
funding and profit sharing agreement with Worm Castings Farms Inc. ("Worm Castings"), the sole owner
of an Oregon State Hemp production and processing license, issued by the Oregon State Regulatory
approval board. The material terms of the LOI are summarized below.

LOI Terms

    1. The parties shall enter into a funding and profit sharing agreement with both companies
       receiving dividends. The profit sharing percentages will be stipulated in the definitive
       agreement.
    2. Bougainville will agree to issue to Worm Castings 600,000 shares of Bougainville Ventures Inc.
       for assets and goodwill of Worm Castings.
    3. Bougainville will also agree to raise $350,000 USD to be used to fund Worm Castings' business
       plan. The funds are expected to be provided on the following schedule:

            a. $75,000 by November 7, 2018
            b. $75,000 by November 30, 2018
            c. $200,000 by December 31, 2018

    4. Worm Castings will submit to Bougainville a complete list of assets to be included in the
       definitive agreement

About Worm Castings Farms Inc.

Worm Castings is a natural hemp company that currently has 10 acres of industrial hemp ready for
harvest. They plant premium high quality cloned feminized hemp plants with 10-15% CBD and 0.3% THC
resulting in maximized CBD oil content within each plant. In addition, they provide proven topsoil mix
that improves plant growth by 20%. With this soil quality, they can expect to set standards in respective
markets within the hemp industry.

CEO, Andy Jagpal Comments:

"The objective of this project is to extract CBD oil from Hemp stock by providing the initial capital for the
continued development of the 10 acre farmland and is a step in the right direction in diversifying our
portfolio of companies in the cannabis infrastructure space ."

Oroville Campus Tier -3 Tenant Update

The Company also reports that it has recently become aware that Marijuana Company of America, Inc.
("MCOA") has purportedly terminated its joint venture agreement with the Company dated March 16,
2017 ("JV Agreement"), and that it may have commenced legal action against the Company relating to
various claims. The Company has not been served with a claim and has not receive a notice of default
related to the JV agreement and will investigate this matter further. If subject to a claim, the Company
 intends to defend vigorously and to pursue all legal actions available to it. The Company notes that the
JV Agreement relating to the acre of the 4.33 acre parcel of land located at Oroville Campus will
continue for occupancy for its tenant.

Oroville Campus Tier -2 Tenant Update

The Company notes that the new I-502 Tier-2 licensee tenant and lease agreement relating to the 3.33
acre parcel of land in the Oroville Campus announced in the Company's news release dated October 23,
2018 is not subject to the JV Agreement with MCOA and indeed resides on a separate parcel of land.
Operations relating to such tenant are proceeding as previously announced.


About Bougainville Ventures, Inc.
Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing
greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services
including processing, cannabis expertise and marketing and sales resources. Greenhouse canopies
provide a 50% saving in cultivation cost. Bougainville has 30,000 sqft in near production in Oroville, WA.

For more information please visit: http://bougainvilleinc.com/

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

_____________________
Andy Jagpal, CEO and Director

For further information, please contact Andy Jagpal at andy@bougainville.com or 1-844-734-8420
____________

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning
of Canadian securities laws, including, but not limited to, statements regarding the LOI, the entering into of a defin
--->itive
agreement with Worm Castings, the potential to earn any profit or dividends from the intended joint venture with
Worm Castings, matters relating to the potential claims by MCOA, and future relations with any tenant. Forward-looking
statements are based on the expectations and opinions of the Company's management on the date the statements are
made. The assumptions used in the preparation of such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking
statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise.


No regulatory authority has approved or disapproved the information contained in this news release.