Psyched Wellness Ltd. — Capital/Financing Update 2021

Jan 20, 2021

Notice Declaring Intention to be Qualified under National Instrument 44-101 – Short Form Prospectus Distributions (“NI 44-101”)

To: Ontario Securities Commission, as Principal Regulator

And To: Alberta Securities Commission British Columbia Securities Commission

Re: Notice Declaring Intention to be Qualified under NI 44-101

January 19, 2021

Psyched Wellness Ltd. (the “ Issuer ”) intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

PSYCHED WELLNESS LTD.

By: “Jeffrey Stevens” Jeffrey Stevens Chief Executive Officer