Mr. Craig Goodwin reports

NATURALLY SPLENDID ENTERPRISES ANNOUNCES INSOLVENCY OF SUBSIDIARy

Naturally Splendid Enterprises Ltd.'s wholly owned subsidiary, Naturally Splendid Foods Ltd., has made an assignment in bankruptcy. Boale Wood & Company Ltd. has been appointed as trustee over the estate of Naturally Splendid Foods.

Naturally Splendid Foods was engaged in the production, distribution and sale of plant-based food products, including the distribution of the Plantein line in Canada. Due to challenging market conditions in the plant-based meat industry, the subsidiary has been experiencing financial difficulties in recent months. As a result, the board of directors of the company has made the difficult decision to initiate the insolvency process of this subsidiary.

"The decision to proceed with the insolvency action for Naturally Splendid Foods Ltd. was not taken lightly but is necessary given the financial challenges facing the subsidiary," said J. Craig Goodwin, chief executive officer of Naturally Splendid Enterprises. "The company intends to focus on its core business of developing and distributing functional foods and products that promote health and wellness. We have three opportunities within the company: Prosnack Natural Foods, Chii Pure Hemp and Pawsitive FX. The board and management team remain committed to our core strategic objectives and will continue to work diligently to enhance shareholder value. We have commenced a review process to explore and evaluate a broad range of strategic alternatives."

The insolvency of Naturally Splendid Foods is being conducted in the best interests of Naturally Splendid Enterprises as a whole. Other than as described in this press release, the company continues to develop products and markets in its core business.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid develops and distributes healthy lifestyle foods and products. Within the company, Prosnack Natural Foods focuses on nutritional bars, Chii Naturally Pure Hemp is a retail line of hemp food products, while Pawsitive FX is a line of all natural balms for dogs. The company's history includes launching functional foods under brands such as Natera Sport, Natera Hemp Foods, Chii and Elevate Me. Naturally Splended Enterprises has also developed proprietary technologies for the extraction of healthy Omega 3 and 6 oils, as well as a protein concentrate from hemp.

We seek Safe Harbor.