Fytokem Announces Financing Plans

TSX Venture Exchange: FYT

SASKATOON, SK, Oct. 19 /CNW/ - Fytokem Products Inc. (Fytokem), a leading producer of Function-Certified(TM) plant-based ingredients, today announced certain of its shareholders have arranged the sale of 1,500,000 common shares at $0.06 per share through the facilities of the TSX Venture Exchange. These sales occurred yesterday. The net proceeds of these sales will be used to fund a brokered private placement of up to 2,500,000 common shares at $0.05 per unit for aggregate gross proceeds of $125,000.

About Fytokem Products Inc.

Fytokem Products Inc. is engaged in the discovery and commercialization of novel Function-Certified(TM) plant-based substances -- extracts, phytochemicals and bioactive molecules -- for use as ingredients in personal care, nutraceutical, pharmaceutical and bio-industrial products. The Company has been issued patents for technology related to two of its products and has other patent applications pending.

The TSX Venture Exchange has neither approved nor disapproved the information herein contained.

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