Golden Leaf Holdings Ltd. Elects Alex Winch to its Board of Directors

TORONTO, ONTARIO--(Marketwired - Oct. 3, 2016) - Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE:GLH)(CSE:GLH.CN), a leading cannabis oil solutions company built around recognized brands, is pleased to announce that Alex Winch has been elected to the Company's board of directors.

Mr. Winch brings to GLH more than 30 years of financial industry expertise, particularly regarding the capital markets in the U.S. and Canada. His career includes working on Bay Street in Toronto as a stock market analyst with McCarthy Securities, Davidson Partners, and Sprott Securities. After starting up and running a private stock market research company, Grange Avenue Research Corporation, Mr. Winch went on to launch hedge funds in both Canada and the U.S.. In addition, he has experience launching companies through his time with solar-focused energy provider, Mondial Energy.

Mr. Winch's career also includes positions on various boards, including those of Thunderbird Resorts and Sunreports. He holds a Bachelor of Science degree in Engineering Physics from Queen's University. Alex Winch is a CFA® charterholder.

"I am excited to welcome Alex Winch to GLH's board of directors", said Don Robinson, GLH's Chief Executive Officer. "He brings a wealth of financial market experience to our board. This expertise will serve the Company well as GLH continues to focus on building larger market share and value for its shareholders."

GLH's board also includes Don Robinson, Andy Hartogh, Sam Pillersdorf, Peter Saladino and Michael Cohl.

About Golden Leaf Holdings:

Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It is a leading cannabis products company based in Oregon and built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining, and selling cannabis oils.

Disclaimer: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's future business operation, expectations of gross sales, the opinions or beliefs of management, and future business goals. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to general business, economic and competitive uncertainties, regulatory risks including risks related to the expected timing of the Company's participation in the Adult Use market, market risks, risks inherent in manufacturing operations and other risks of the cannabis industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is provided herein for the purpose of presenting information about management's current expectations relating to the future and readers are cautioned that such information may not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.