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Naturally Splendid Enterprises Ltd (2)
Symbol	NSP
Shares Issued	22,041,681
Close 2023-06-07	C$ 0.02
Market Cap	C$ 440,834
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Naturally Splendid has no material changes

2023-06-07 19:42 ET - News Release

Goodwin Subject: news release for dissemination Word Document File: '\\swfile\EmailIn\20230607 162839 Attachment 2304_NewsRelease_MCTO.May.7.23.docx' Naturally Splendid Enterprises, Ltd. Suite 605-1166 Alberni Street Vancouver, B.C, V6E 3Z3 Tel: 604-570-0902 Email: info@naturallysplendid.com Website: www.naturallysplendid.com Naturally Splendid Enterprises, Ltd. #108-19100 Airport Way, Pitt Meadows, BC V3Y 0E2 Tel: 604-570-0902 Email: info@naturallysplendid.com Website: www.naturallysplendid.com Naturally Splendid Enterprises, Ltd. Suite 605-1166 Alberni Street Vancouver, B.C, V6E 3Z3 Tel: 604-570-0902 Email: info@naturallysplendid.com Website: www.naturallysplendid.com Naturally Splendid Provides Default Status Report Vancouver, British Columbia, June 7, 2023 - Naturally Splendid Enterprises Ltd. ("Naturally Splendid" or "NSE" or the "Company") (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) today is providing a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), which require the Company to provide updates until such time as the Company is current with its filing obligations under Canadian securities laws. As previously announced, the Company is subject to a management cease trade order ("MCTO") issued by the British Columbia Securities Commission. The MCTO prohibits the directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company files its audited financial statements for the year ended December 31, 2022 and the related management's discussion and analysis and certifications. The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Company. The Company advises that aside from the British Columbia Securities Commission granting the MCTO: (i) there have been no material changes to the information contained in the Company's May 3, 2023 news release; (ii) it intends to continue to comply with the alternative information guidelines of NP 12-203; and (iii) except as previously disclosed, there are no subsequent specified defaults (actual or anticipated) within the meaning of NP 12-203. The Company continues to work towards completing the filing on or before the June 30, 2023, deadline and will continue to update its shareholders of the status of the Audited financials periodically. About Naturally Splendid Enterprises Ltd. Naturally Splendid develops and distributes healthy lifestyle foods and products. Within the Company, Prosnack Natural Foods focusses 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(TM) and Elevate Me(TM). NSE has also developed proprietary technologies for the extraction of healthy omega 3 and 6 oils, as well as a protein concentrate from hemp. For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-570-0902 ext. 101 On Behalf of the Board of Directors Mr. J. Craig Goodwin President, Director Contact Information Naturally Splendid Enterprises Ltd. (NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt) #108-19100 Airport Way Pitt Meadows, BC, V3Y 0E2 Office: (604) 465-0548 Fax: (604) 465-1128 E-mail: info@naturallysplendid.com Website: www.naturallysplendid.com Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, Naturally Splendid's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; customers will complete on sales contracts; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.