Mr. Derek Ivany reports

PUF VENTURES ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS AND ADVISORY BOARD COMMITTEE AND INCREASE IN STOCK OPTION EXERCISE PRICE

PUF Ventures Inc. has appointed Joseph Perino as a director of the company and Brent Wickens as a member of the company's advisory board committee. To facilitate these changes, Mr. Perino has stepped down as a member of the advisory board committee, and Christopher Cherry has stepped down as a director of company, but will remain as chief financial officer of the company.

Mr. Wickens was a member of the Toronto Police Service from Aug. 21, 1973, to April 1, 2001. During Mr. Wickens's tenure with the Toronto Police Service, he worked as a training officer; warrant officer; drug investigator, including surveillance and undercover operations; and community response officer. Mr. Wickens also worked in the criminal investigation area.

Mr. Wickens was responsible for enforcing statutes contained within the Criminal Code of Canada, The Youth Criminal Justice Act, including summary conviction, dual procedure and hybrid offences, as well as indictable offence against persons and property. Mr. Wickens also has extensive experience in the enforcement of the Controlled Drugs and Substance Act and its predecessor act, the Narcotic Control Act.

Derek Ivany, president and chief executive officer of the company, stated: "The appointment of Mr. Wickens as a member of our advisory board committee adds tremendous value to our team. He is a resident of London, Ont., where our AAA Heidelberg Inc. facility is located, and will assist us with our security protocols as we move forward in the final stages of licensing."

Additionally, further to its news release dated Sept. 22, 2016, regarding the grant of stock options to its directors, officers and consultants, the company wishes to amend the stock option exercise price to increase the exercise price from 18 cents per common share to 23.5 cents per common share.

About PUF Ventures Inc.

PUF Ventures Inc. is moving into the medical marijuana sector by purchasing a 100-per-cent interest in AAA Heidelberg, a private Ontario company that is in the process of applying for a MMPR (Marijuana for Medical Purposes Regulations) licence.

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