William N. Grant acquires 641,171 common shares of Vitality



    Trading Symbol: VPI

    VANCOUVER, Oct. 18 /CNW/ - Mr. William N. Grant, President & CEO of
Vitality Products Inc. ("Vitality"), wishes to announce that he has acquired
indirect ownership of 641,171 common shares in the capital of Vitality
pursuant to the conversion by Consolidated Firstfund Capital Corp.
("Firstfund") and Costar Marketing Corp. ("Costar") of Class "A" Preference
Shares, Series 5 at a deemed value of $10.00 per share in the capital of
Vitality ("Preference Shares"). Firstfund acquired 570,299 common shares
pursuant to the conversion of its 15,611 Preference Shares, plus all unpaid
dividends accrued thereon to the date of conversion, at the conversion price
of $0.3388 per common share. Costar acquired 70,872 common shares pursuant to
the conversion of its 1,940 Preference Shares, plus all unpaid dividends
accrued thereon to the date of conversion, at the conversion price of
$0.3388 per common share. William N. Grant, a director and officer of
Vitality, owns 72.2% of Firstfund. Costar is a wholly owned subsidiary of
Firstfund.
    Upon the completion of the conversions, Vitality has 19,887,285 common
shares outstanding. The 641,171 common shares purchased by Firstfund and
Costar through the conversions represent 3.22% of the outstanding common
shares of Vitality. After the completion of the conversions, Mr. Grant,
through either direct ownership or indirect ownership, beneficially owns and
controls 3,378,585 common shares or 16.99% of the outstanding common shares of
Vitality.
    Mr. Grant acquired the common shares for investment purposes and may,
depending on market and other conditions, increase or decrease his ownership
position in securities of the Issuer through market transactions, private
agreements, treasury issuances, exercise of options, convertible securities or
otherwise. A copy of the Early Warning Report will be available on the SEDAR
website at www.sedar.com.

    "William N. Grant" (signed)
    ----------------------------------
    William N. Grant

    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: William N. Grant at (604) 683-6611 or
wngrant@telus.net


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