Naturally Splendid Enterprises Ltd.
TSX VENTURE : NSP
OTCQB : NSPDF
FRANKFURT : 50N

Naturally Splendid Enterprises Ltd.

February 10, 2015 16:02 ET

Naturally Splendid Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2015) - Naturally Splendid Enterprises ("Naturally Splendid") (TSX VENTURE:NSP)(OTCQB:NSPDF)(FRANKFURT:50N) is pleased to provide an update in connection with the TSX Venture Exchange's (the "TSXV") review of Naturally Splendid's transaction with Full Spectrum Laboratories Limited ("FSL") pursuant to the terms of a Novation Agreement among FSL, Boreal Technologies, Inc. ("Boreal"), Naturally Splendid USA Ltd., a wholly owned subsidiary of Naturally Splendid, ("Naturally Splendid USA") and Naturally Splendid. As set out in the news release dated November 20, 2014, Naturally Splendid has agreed to license from FSL certain technologies relating to omega extraction and formulations (the "Omega Technology") and cannabinoid extraction and formulations (the "CBD Technology").

Naturally Splendid is pleased to state that the TSXV has provided conditional acceptance of the transaction subject to receipt of satisfactory final documentation, closing of the previously announced private placement financing and satisfying certain conditions of the TSXV. In particular, Naturally Splendid has agreed to not produce, sell or market any products utilizing the CBD Technology until it has obtained a satisfactory opinion on the legality of these products and the acceptance of the TSXV.

Naturally Splendid will focus its resources on selling those products developed utilizing the Omega Technology, such as, HempOmega™. Currently, Naturally Splendid is actively developing proprietary formulations incorporating HempOmega™ as well as working closely with Nature's Health Products Canada Corp. ("NHPCC"), a member of the POS Group of Companies based in Saskatoon, Saskatchewan, to capitalize on immediate opportunities to present and sell bulk volumes of HempOmega™ to selected clients.

On closing of the private placement financing and the Novation Agreement, Naturally Splendid anticipates that the TSXV will remove the trading halt of its common shares.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid has an exclusive sales agreement to market and distribute, in North America, the full complement of patent pending, plant-based omega products created by Boreal Technologies. The products include HempOmega™ and H2Omega™, as well as the FlaxOmega™, CanolaOmega™, and ChiaOmega™ plant based omega products. These novel products utilize microencapsulation and are available in both a powder format and an aqueous solution for increased flexibility in ingredient applications and stand-alone products.

Naturally Splendid's 100% owned NATERA™ line of hemp-based superfood products are carried nationwide by Canada's leading health food distributors and a network of retail stores across Canada including major retailers and specialty stores. Naturally Splendid's recently rebranded "NATERA™" line of products includes natural and flavored shelled hemp seeds as well as natural and flavored hemp protein powders.

About Full Spectrum Labs Limited.

Full Spectrum Laboratories, LTD. Incorporated in Ireland, is a bioresearch and product development company with operating subsidiaries in Canada and the United States. The company has principally focused on the plant cannabis sativa and has developed numerous technologies and made several discoveries resulting in two granted patents and over 11 patent applications, in just under 5 years. FSL currently concentrates on formulation and extraction technologies; analytical cannabis testing in Canada; advance cannabis plant breeding specializing in CBD expression; and cannabinoid bio-synthesis.

For more information e-mail info@naturallysplendid.com or call 604-673-9573

On Behalf of the Board of Directors

J. Craig Goodwin

CEO, Director

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. 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.

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