Mr. Steve Bromley reports

ORGANTO FOODS ANNOUNCES C$1.0 M PRIVATE PLACEMENT FINANCING WITH A STRATEGIC INVESTOR

Organto Foods Inc. plans to complete a non-brokered private placement of up to four million units of the company at a price of 25 cents per unit, with each unit consisting of one common share in the capital of the company and one-half common share purchase warrant of the company.

Each full warrant shall entitle the holder thereof to acquire one common share at a price per warrant share of 35 cents for a period of 18 months from the closing date of the private placement.

"We're very pleased with our operational performance, having realized first-quarter sales growth of 193.5 per cent, gross profit dollar growth of 298.1 per cent, our lowest cash operating costs as a percentage of sales in our history, and our first-ever positive-EBITDA [earnings before interest, taxes, depreciation and amortization] quarter. Our business has continued to accelerate through the second quarter, which is quite encouraging, and we believe is a reflection of the strong momentum in our business. These results are the direct outcome of the extensive restructuring and strategic realignment we've executed over the past 18 months, laying a solid foundation for sustained growth, stability and a clear path to profitability. With our continued growth and improvement in our share price, we believe it is prudent to complete this private placement as we conservatively manage our balance sheet," commented Steve Bromley, chair and chief executive officer.

The company may pay finders' fees in connection with the private placement. The net proceeds from the private placement will be used for general working capital.

Certain directors and officers of the company may acquire securities under the private placement. Any such participation would be considered a related party transaction, as defined under Multilateral Instrument 61-101. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any units issued to or the consideration paid by such persons will exceed 25 per cent of the company's market capitalization.

The completion of the private placement will be subject to the prior approval of the TSX Venture Exchange as well as all other requisite corporate, regulatory and securityholder approvals, as applicable. Further, all securities issued pursuant to the private placement described herein will be subject to a minimum hold period of four months and one day from their date of issuance. There can be no assurance that the company will be successful in completing the private placement.

About Organto Foods Inc.

Organto is a leading provider of branded, private-label, and distributed organic and non-GMO (genetically modified organism) fruit and vegetable products using a strategic asset-lighter business model to serve a growing socially responsible and health-conscious consumers. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.

We seek Safe Harbor.