Psyched Wellness Ltd. Adds Aaron Slater to the Advisory Board

Psyched Wellness Ltd. (CSE:PSYC) (OTCQB: DCNPF) (formerly Duncan Park Holdings Corporation) (the "Company" or "Psyched") a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce that Aaron Slater has joined the advisory board of the Company to work with the team on exploring new markets for its products and identifying possible M&A opportunities.

"I have followed the development of Psyched Wellness for a considerable amount of time. The functional and psychedelic mushroom industry's role in enhancing the health and wellness of society is an important endeavor," says Aaron Slater. "I was attracted to Psyched Wellness opportunity due to well-developed business plan and related growth strategy. Jeff Stevens, executive management, and the Board of Directors form an experienced and talented team that will enhance shareholder value. I look forward to supporting them and the Company in realizing its tremendous potential.

Aaron Slater has over twenty-five years of experience in Corporate Finance, M&A and Merchant Banking. He has been involved in over US$8 billion in transactions including a number of buy-out deals in Latin America, USA and Canada following from which he continues to maintain his involvement through being a director or shareholder. Currently, Aaron is a shareholder and executive director of one of the largest organic farms in Latina America. Aaron has worked with various High Net Worth Individuals, Family Offices and Hedge Funds to provide them a private equity capability that includes deal sourcing, structuring, investment oversight and managing liquidity events. These efforts have resulted in numerous successful investments with a specific focus on agriculture, natural resources and sustainability.

Aaron was head of Corporate Finance in the Americas for Standard Bank Group focusing primarily in middle market companies. Prior to that he was with Royal Bank of Canada where he implemented and established a corporate finance and M&A product line for the private banking client base throughout the United States, Latin America and the Caribbean. Previous to that Aaron was part of NationsBanc Montgomery Securities Investment Banking Group.

Aaron holds a B.A. in Political Science from the University of Western Ontario and an M.A. in International Relations from the University of Miami.

"I am thrilled to add Aaron to our advisory board, he brings with him a wealth of knowledge and experience in M&A and deal structuring that we believe will be hugely beneficial to the company as we and the industry continues to grow," said Jeff Stevens, CEO of the Company. "Having access to the Latin and South American markets provides us with a distinct edge, as so many natural psychedelic compounds have a long history of use and consumption in those markets."

The Company has also issued 250,000 options at a strike price of $0.225 to certain advisors and consultants.

For further information, please contact:
Jeffrey Stevens
Chief Executive Officer
Psyched Wellness Ltd.
Tel: 647-400-8494
Email: jstevens@psyched-wellness.com
Website: https://www.psyched-wellness.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

About Psyched Wellness Ltd.:

Psyched Wellness Ltd. is a Canadian-based health supplements company dedicated to the distribution of mushroom-derived products and associated consumer packaged goods. The Company's objective is to create premium mushroom-derived products that have the potential to become a leading North American brand in the emerging functional food category. The Company is in the process of developing a line of Amanita muscaria-derived water-based extracts, teas and capsules designed to help with three health objectives: promote stress relief, relaxation and assist with restful sleeping.

Cautionary Statement Regarding Forward-Looking Information and Statements

This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Psyched Wellness Ltd. current belief or assumptions as to the outcome and timing of such future events. Forward-looking information is based on reasonable assumptions that have been made by Psyched at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties, and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Psyched is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in Psyched Wellness Ltd. management's discussion and analysis for the six months ended May 31, 2020 and covering the subsequent period up to July 27, 2020 ("MD&A"), dated July 27, 2020, which is available on Psyched Wellness Ltd. profile at www.sedar.com.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

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