Valcent Products Inc. Announces Debt Settlement and is Now Quoted Exclusively on the OTCQB

Valcent Products Inc. announced today that it has settled US $2,345,498 of debt through the issuance of 15,636,656 units at US $0.15 per unit. Each unit consists of one common share and one half warrant. One whole warrant is exercisable for period of two years into one common share at US $0.25.

In addition, lock-up arrangements have been reached with the all debt holders as part of the settlement. The lock-up agreement covers 90% of the issued units whereby 30% will be released in six months, another 30% will be released in nine months and the balance will be released in 12 months from the issued date.

Stephen Fane, the Company’s Chief Executive Officer said, “This reduction in debt will assist the Company in raising future funds as we commence commercialization of our VertiCrop™ vertical farming technology”.

The Company also announces that its shares are now quoted exclusively on the OTCQB tier of OTC Markets Group’s quotation platform and are not on the OTCBB quotation system. This change was not caused by any action or inaction by the Company, which continues to be in full compliance with all of its reporting requirements. Current quotations of the Company’s stock can be found at: http://www.otcmarkets.com/stock/VCTZF/quote.