Aumento Capital IV Corporation Announces Receipt of TSXV Conditional Approval for Its Qualifying Transaction and Filing of Its Filing Statement

TORONTO, ONTARIO--(Marketwired - April 13, 2015) -

NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES

Aumento Capital IV Corporation ("Aumento") (TSX VENTURE:ACV.P), a capital pool company, is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") for its Qualifying Transaction (as such term is defined in Policy 2.4 of the Corporate Finance Manual of the Exchange) with Life Choices Natural Food Corp. ("Life Choices"), previously announced on November 28, 2014, and as updated by press release dated March 18, 2015 (the "Qualifying Transaction"). As previously disclosed, Aumento will complete its Qualifying Transaction by completing a reverse take-over with Life Choices whereby Aumento will acquire all of the issued and outstanding common shares of Life Choices by issuing approximately 18,602,944 Aumento common shares in exchange for each common share of Life Choices issued and outstanding, at a deemed issuance price of $1.36 per share (assuming completion of the Private Placement (as defined below) and no exercise of the Over-Allotment Option (as defined below)).

Life Choices

Life Choices develops, markets and sells premium convenience natural food products to consumers across Canada. Life Choices' original brand, 'Life Choices' features premium convenience meat products made with a variety of combinations of grass fed and pasture raised meats (meat raised without the use of added hormones and antibiotics). Life Choices owns Rolling Meadow Dairy, Canada's first grass fed dairy product line, Holistic Choice, a natural pet food line and Yamba Yogurts, an Australian style yogurt line. All brands are wholly owned by Life Choices and retail in a variety of natural and mass food retail locations across Canada.

CFO of Life Choices

Life Choices has appointed Mathew Walsh as the Secretary and Chief Financial Officer of the resulting issuer.

Mr. Walsh is currently the Vice President of Finance at Vicwest Inc. and prior to that he served as its Corporate Controller and acting Chief Financial Officer from September, 2013 to January, 2014. As a senior member of the Vicwest Inc. finance team, Mr. Walsh gained extensive experience working within the public capital markets. Mr. Walsh oversaw numerous acquisitions, managed all aspects of corporate finance and gained extensive experience in equity and debt financing. Prior to joining Vicwest Inc., Mr. Walsh was an audit senior manager at Pricewaterhouse Coopers LLP. Mr. Walsh is a graduate of Queen's University (Bachelor of Commerce and Bachelor of Science, Math) and is a CPA and CA.

Filing Statement

Aumento filed its filing statement dated April 13, 2015 (the "Filing Statement"), which provides further details with respect to the Qualifying Transaction under Aumento's profile on SEDAR at www.sedar.com.

Closing of Qualifying Transaction

Final acceptance of the Qualifying Transaction by the Exchange is subject to the satisfaction of certain conditions, including fulfilling all of the remaining filing requirements under the Exchange's policies and the completion of a private placement of 3,897,059 common shares of Life Choices at a purchase price of $1.36 per share, for gross proceeds of $5.3 million (the "Private Placement"), excluding an agent's option (the "Over-Allotment Option"), exercisable 48 hours prior to closing, to purchase up to an additional 15% of the number of Life Choices common shares sold under the Private Placement. Following closing of the Qualifying Transaction, it is anticipated that the Resulting Issuer will have approximately 19,407,594 common shares issued and outstanding (assuming no exercise of the Over-Allotment Option). The Qualifying Transaction is expected to close on or about April 22, 2015 subject to the satisfaction of the Exchange's conditions. On or prior to closing Aumento will change its name to "GreenSpace Brands Inc.".

All information contained in this news release with respect to Aumento and Life Choices was supplied by the parties, respectively, for inclusion herein, and Aumento and its directors and officers have relied on Life Choices for any information concerning such party.

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, final Exchange acceptance and completion of the Private Placement. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This news release contains forward-looking statements relating to the timing and completion of the Qualifying Transaction and the Private Placement and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Qualifying Transaction, the Private Placement and the future plans and objectives of Aumento or the Resulting Issuer, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Aumento's expectations include the failure to satisfy the conditions to completion of the Qualifying Transaction set forth above and other risks detailed from time to time in the filings made by Aumento with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Aumento. As a result, Aumento cannot guarantee that the Qualifying Transaction will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Aumento will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.