Biotech

Potent Ventures Inc. ("Potent" or the "Company") (CSE: POT - FSE:0OS2 - OTCQB: POTVF) is pleased to announce that it has closed Non-Brokered private placement (the"Offering") issuing a total of 8,914,999 Units at a price of $0.03 per Unit for aggregate proceeds of$365,000.

Each Unit is comprised of one common share (a "Share") and one a transferrable Share purchase warrant(a "Warrant") of the Company. Each Warrant will entitle the holder to purchase an additional Share at aprice of $0.05 per for a 2-year period after the Closing Date. All the securities issued are subject to a fourmonth and a day hold period from the date of issuance (the "Warrant Expiry Date").

Insiders of the Company purchased an aggregate of 1,000,000 Units in the Poffering. The Company hasrelied on the exemptions from the valuation and minority shareholder approval requirements ofMultilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.

This news release does not constitute an offer of securities for sale in the United States. The securitiesbeing offered have not been, nor will they be, registered under the United States Securities Act of 1933,as amended, and such securities may not be offered or sold within the United States absent U.S.registration or an applicable exemption from U.S. registration requirements.

The Company intends to use the proceeds raised from the Offering for General capital purposes XXXXXX

Charlie Lamb, President & CEO, DirectorTelephone: 1(236) 317-2812 - Toll free 1(888) 556-9656E-mail: investors@potent-ventures.comwww.shopgummies.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined inthe policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy ofthis release.

Click here to connect with The Gummy Project (CSE:GUMY) to receive an Investor Presentation

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