Update on the Lotus MMPR Application to Health Canada

Update on the Lotus MMPR Application to Health Canada

July 14, 2015

The Company provided the following update of its application to Health Canada for a license to produce medical marijuana pursuant to the Marihuana for Medical Purposes Regulations. (“MMPR”) in October, 2014.

In December 2014 Health Canada requested additional information about security clearance forms for the principals of the Company which were provided. As part of an initial screening, on February 2, 2015 Health Canada requested additional information about the major sections of the application: the proposed site and physical security, the quality assurance pre-licensing report and record keeping plans. The company provided a response on February 24, 2015. On March 11, 2015 Health Canada requested additional information about the Company’s quality assurance person and record keeping. The Company provided a response on March 31, 2015.

The Company is confident in the quality of its application. However to review the Health Canada MMPR licensing regime and the risks associated with the process please review our prospectus dated and filed November 28, 2014 at www.sedar.com.

ON BEHALF OF THE BOARD

Lotus Ventures Inc.
“Dale McClanaghan”
Dale McClanaghan, President and CEO

For further information contact:
Dale McClanaghan, President and CEO - (604) 644-9844

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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