Mr. Charlie Lamb reports

THE GUMMY PROJECT ANNOUNCES WARRANT REPRICING

The Gummy Project Inc. has reduced the exercise price of 7,261,700 warrants of the company.

The reduced exercise price is five cents. The amended warrants include an accelerated expiry provision such that the exercise period of each of the amended warrants is reduced to 30 days if, for any 10 consecutive trading days, the closing price of the company's common shares is equal or greater than five cents, with the 30-day expiry period commencing on the day the company disseminates a press release announcing the commencement of the accelerated expiry period.

Insiders of the company hold 422,606 of the 7,261,700 total warrants in the proposed amendments, representing 5.82 per cent of the amended warrants. A portion of the amended warrants are held by parties which are considered to be related parties of the company. Therefore, the amendment of amended warrants constitutes a related-party transaction as contemplated by Multilateral Instrument 61-101 (Protection of Minority Shareholders in Special Transactions). However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the amended warrants does not exceed 25 per cent of the market capitalization of the company. A material change report in respect of this related-party transaction will be filed by the company.

The company believes that the repricing and extension of the amended warrants is reasonable and necessary in the context of the overall market as it increases the likelihood that any additional cash needs of the company could be financed through the exercise of the amended warrants.

About The Gummy Project Inc.

It is a growing community of individuals and organizations which believe small contributions can add up to something big. It sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. It is the only better for you candy company that is built to support the planet's most precious species and ecosystems, while educating future generations on the steps to take today to ensure a viable tomorrow.