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RavenQuest Biomed Inc. 2 March 12th, 2020
  




RavenQuest BioMed Inc. (formerly Ravencrest Resources Ltd.)
Info@rqbglobal.com


RavenQuest Provides Corporate Update
 May 1, 2020
FOR IMMEDIATE RELEASE...Vancouver, British Columbia:  RavenQuest BioMed Inc. (the "Company" or "RavenQuest") - (CSE: R
--->QB OTCQB: RVVQF  Frankfurt: 1IT) announces that George Robinson has resigned from his position as President, CEO, CFO,
---> and Director of the Company as of April 29, 2020. Mr. Robinson has also resigned from all subsidiaries under RavenQue
--->st Biomed Inc. 
The Company is working towards obtaining the books, records, and historical documents of each subsidiary from Mr. Robi
--->nson. Mr. Robinson is holding all records in lieu of pay, the company believes it is against his fiduciary duty to sha
--->reholders and debt holders and will be working to a solution to retrieving company property. Negotiations with credito
--->rs have since failed and the remaining director sees no prospect for the Company's survival.

Following the resignation of Mr. Robinson, Jatinder Dhaliwal will assume the role of interim CEO and interim CFO of th
--->e Company.

Usama Chaudhry has also resigned as a director of the board as of April 30, 2020. The Company would like to thank Mr. 
--->Chaudhry for his efforts and wishes him well in his future endeavours.

About RavenQuest BioMed Inc.
RavenQuest BioMed Inc. is a diversified publicly traded cannabis company with divisions focused upon cannabis producti
--->on, management services & consulting and specialized research & development.

On Behalf of the Board of Directors of 
RAVENQUEST BIOMED INC.

"Jatinder Dhaliwal"
Interim CEO

For further information, please contact:
Info@rqbglobal.com
Neither Canadian Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the C
--->anadian Stock Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prep
--->ared by management.

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than statements of historical fact, are "forward-looking information" with
---> respect to the Company within the meaning of applicable securities laws, including statements with respect to the dev
--->elopment of a licensed cannabis production facility and anticipated production from such a facility. The Company provi
--->des forward-looking statements for the purpose of conveying information about current expectations and plans relating 
--->to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature,
---> this information is subject to inherent risks and uncertainties that may be general or specific and which give rise t
--->o the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate,
---> that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These r
--->isks and uncertainties include but are not limited to those identified and reported in the Company's public filings un
--->der the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors tha
--->t could cause actual actions, events or results to differ materially from those described in forward-looking informati
--->on, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. 
--->There can be no assurance that such information will prove to be accurate as actual results and future events could di
--->ffer materially from those anticipated in such statements. The Company disclaims any intention or obligation to update
---> or revise any forward-looking information, whether as a result of new information, future events or otherwise unless 
--->required by law.