GreenFlag Signs Memorandum of Agreement to Acquire 100% Interest in Golden Mile Organics Inc.

VANCOUVER, BC--(Marketwired - Jan 29, 2016) - GreenFlag Ventures Inc. ("GreenFlag" or the "Company") (OTCQB: GFGVF) is pleased to announce it has signed a Memorandum of Agreement (the "Memorandum") to acquire a 100% interest in Golden Mile Organics Inc. ("Golden Mile"). Golden Mile holds an exclusive operator license for systems to be used in Canada for the purpose of processing commercial and private waste, agricultural waste, green waste and organic waste.

Under the terms of the Memorandum, GreenFlag may acquire a 100% interest in Golden Mile through the issuance of ten million (10,000,000) common voting shares, following which Golden Mile will become a wholly owned subsidiary of GreenFlag. Golden Mile's principals will continue to manage and operate the new Golden Mile subsidiary thereafter.

About Golden Mile

Golden Mile plans to build, own and operate a number of BioOrganics Recycling Plants (hereafter the "Plants") in Canada. In addition, the Company will seek joint venture opportunities across Canada to reflect local market conditions and business opportunities.

Golden Mile first aims to build and operate an 80-ton per day capacity plant in the regional District of the Similkamene Valley of British Columbia. Further discussions have been initiated pertaining to establishment of Plants in:

• The Fraser Valley, BC with a 30,000-ton bio-fertilizer production facility
• Metro Vancouver, BC with up to a 30,000-ton compost facility
• Greater Toronto Area, ON with a 17,000-ton vertical farm compost facility

GreenFlag looks forward to providing shareholders with further information on Golden Mile following the completion of the Golden Mile acquisition.

Forward-Looking Statements

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