Vitality cancels private placement; to settle debt and issue preference shares instead



    Trading Symbol: VPI

    VANCOUVER, Dec. 6 /CNW/ -

    Vitality Cancels Private Placement

    Vitality Products Inc. (the "Company") wishes to announce the
cancellation of the non-brokered private placement of up to 5 million units of
the Company at a subscription price of $0.60 per unit for gross proceeds of up
to $3 million announced in the Company's November 7, 2007 Press Release due to
market conditions.

    Vitality will be entering into Shares for Debt Settlement

    Due to the cancellation of the private placement, the Company will be
entering into shares for debt settlement to settle aggregate indebtedness in
the amount of $460,000 by way of the issuance of 2.3 million common shares of
the Company at a deemed settlement price of $0.20 per share, subject to
regulatory approval.

    Vitality to Issue Preference Shares, Series 6 to Replace Preference
    Shares, Series 3

    Due to the cancellation of the private placement, the Company will be
entering into agreements with holders of the Company's Class "A" Preference
Shares, Series 3 to issue Class "A" Preference Shares, Series 6 in exchange
for the outstanding Class "A" Preference Shares, Series 3 plus all unpaid
dividends accrued thereon to the date of the exchange. The Class "A"
Preference Shares, Series 6 with a par value of $10 each in the capital stock
of the Company will each be non-voting and have a 6% cumulative dividend
payable annually. The Class "A" Preference Shares, Series 6 plus all unpaid
dividends accrued thereon will be convertible to common shares in the capital
stock of the Company at $0.25 per common share for a period of 5 years. The
transaction is subject to regulatory approval.

    On behalf of the Board of
    VITALITY PRODUCTS INC.

    "William N. Grant" (signed)
    ---------------------------------
    William N. Grant, President & CEO
    Tel:  (604) 683-6611

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00005856E




For further information:

For further information: Investor Relations Contact: Morgan Good,
Carlyle Capital Corporation at (604) 662-8210


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