Pure Extracts Technologies Corp. — Capital/Financing Update 2020

Apr 8, 2020

BIG SKY PETROLEUM CORPORATION

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JOINT NEWS RELEASE

PURE EXTRACTS SUBMITS EVIDENCE PACKAGE TO HEALTH CANADA

Vancouver, B.C., April 8, 2020 – Big Sky Petroleum Corporation (TSX-V: BSP.H) (“ Big Sky ”) and Pure Extract Technologies Inc. (“ Pure Extracts ”) are pleased to announce that further to the Big Sky news release dated February 19, 2020 announcing its proposed acquisition (the “ Proposed Transaction ”) of Pure Extracts, that Pure Extracts has submitted its Health Canada affirmation of readiness and video evidence package. This milestone represents the final application step towards receipt of a standard processing license.

Pure Extracts’ extraction facility is located in Pemberton, British Columbia, which is home to several cannabis industry businesses and provides accessible transportation routes to service licensed producers of cannabis and other industry operations. The facility has been designed with assistance from consultants specializing in Health Canada cannabis licensing and EU GMP consultants to ensure compliance with the respective regulations.

Upon receipt of its license, Pure Extracts will commence operations of toll processing, white labelling and developing its own private label of products incorporating its full spectrum THC and CBD based extracted oils. Pure Extracts is in active negotiations for orders filling its capacity for toll processing and contract manufacturing services.

Ben Nikolaevsky, CEO of Pure Extracts said "We are excited to have submitted our Video Evidence Package to Health Canada for approval of our processing license in respect of our extraction facility located in Pemberton, B.C. We are pleased to be joining our peers in producing quality cannabis 2.0 oil related products for our tolling and white label customers and for the public under the ‘Pure’ brand. Our state-of-the-art facility has been built to all Health Canada standards and sets the stage for EU GMP designation in the future. I would like to thank our founders, employees, contractors and consultants for their unwavering commitment to delivering this achievement.”

About Pure Extracts

Pure Extracts has its offices and operations in Pemberton, British Columbia and is a late-stage applicant under the Cannabis Act and related regulations for a Standard Processing License. Pure Extracts has a fully built CO2 and Ethanol extraction facility built to European Union GMP standards. Pure Extracts intends to undertake the business of the extraction and processing of Cannabis and Hemp as a third-party service to Licensed Producers for toll processing or white label processing and for its own private label of products incorporating its full spectrum THC and CBD based extracted oils. Pure Extracts intends to seek EU GMP certification of its operations allowing it to export its products for sale in Europe wherever such products are legal.

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About Big Sky

Big Sky is currently listed on the NEX Board of the TSXV. Management of Big Sky has been actively engaged in assessing possible projects with a view to completing an acquisition.

For further information please contact :

Big Sky Petroleum Corporation Pure Extract Technologies Inc. Sean Bromley, CEO and Director Ben Nikolaevsky, CEO (778) 985-8934 (416) 574-5586

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Completion of the Proposed Transaction is subject to a number of conditions. Where applicable, the Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the CSE Listing Statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the company should be considered highly speculative.

Neither the TSXV nor the CSE has in any way passed upon the merits of the Proposed Transaction and have neither approved nor disapproved the contents of this press release .

All information contained in this news release with respect to Big Sky and Pure Extracts was supplied by the parties, respectively, for inclusion herein, and Big Sky and its directors and officers have relied on Pure Extracts for any information concerning Pure Extracts.

This news release contains forward-looking statements relating to Pure Extracts’ intended business of hemp and cannabis extraction which will require receipt by Pure of a standard processing license, the timing and completion of the Proposed Transaction, the future operations of Big Sky, Pure Extracts, and the Resulting Issuer and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", “intends”, "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Proposed Transaction and the future plans and objectives of Big Sky, Pure Extracts and the Resulting Issuer are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of Big Sky, Pure Extracts, and the Resulting Issuer include the failure to satisfy the conditions to completion of the Proposed Transaction set forth above and other risks detailed from time to time in the filings made by Big Sky, Pure Extracts and the Resulting Issuer under securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties,

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and other factors, many of which are beyond the control of Big Sky, Pure Extracts and the Resulting Issuer. As a result, Big Sky, Pure Extracts and the Resulting Issuer cannot guarantee that the Proposed Transaction will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forwardlooking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Big Sky, Pure Extracts and the Resulting Issuer will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.