Ann: Successful Winter Cannabis Crop Growing, page-2

SUCCESSFUL WINTER CANNABIS CROP GROWING

The Board of Queensland Bauxite Limited (ASX: QBL) is excited to announce that Medical Cannabis Limited (“MCL” or “the Company”) has confirmed successful germination and growth rates of its pioneering winter Cannabis crop.

As announced on 28th April, the Forum of Food Regulations (‘the Forum’, ‘FoFR’) had approved the Board of Food Standards of Australia and New Zealand (FSANZ) recommendations to change the Australian Food Code to allow the consumption of hemp seed foods in Australia. It is anticipated for this law to come into effect in November this year.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01852159

This development has major commercial significance for QBL as was detailed on Tuesday 21st March in the following announcement:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01840774

As a result of this major development, MCL is set to be one of the pioneering and leading companies involved in providing quality controlled Australian grown hemp foods into what is expected to be a massive multi million dollar industry. It can achieve this because of its unique Australian based Cannabis hemp seed bank developed over many years. With the Company’s currently approved licences to grow hemp, the Company is perfectly positioned to be at the forefront of Australian made hemp seed food products and broader Cannabis industries.

The Company has allocated resources to grow and produce its own legal hemp seed foods, to an approved food code with relevant oversight with enforceable food handling laws to the highest Australian standards which would be recognised world wide.

The Company possesses a unique Cannabis seed bank and licenses to grow in NSW. The Company, through its Vitahemp brand, intends to be the primary and leading supplier into the expected massive industry of legal Cannabis products for human consumption in Australia and globally.

In order to be ready to begin supplying the industry when it is expected to legalise at the end of this year, the Company has now trialed a unique winter crop.

Hemp, or low THC Cannabis is primarily a summer crop and traditionally grown once a year. Through almost 2 decades of extensive cultivation, breeding and selection by MCL's Technical Director Andrew Kavasilas, the Company is using selected cultivars to pioneer year round cropping that will ensure fresh hemp seed is available to Australian consumers in the future.