William N. Grant increases Vitality common shareholdings to 24.24%

Trading Symbol: VPI

VANCOUVER, Oct. 29 /CNW/ - Mr. William N. Grant, President & CEO of Vitality Products Inc. ("Vitality"), wishes to announce that he acquired ownership of 50,000 common shares in the capital of Vitality at an average price of $0.086 per share on the TSX Venture Exchange today. The 50,000 common shares of Vitality purchased by Mr. Grant represent 0.25% of the outstanding common shares of Vitality. Mr. Grant, through either direct ownership or indirect ownership, now beneficially owns and controls 4,819,734 common shares of Vitality or 24.24% of the outstanding common shares of Vitality.

Mr. Grant continues to rely on the normal course purchase exemption under Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids. Mr. Grant's offer to acquire common shares of Vitality is an exempt take-over bid as it satisfies all of the conditions of the normal course purchase exemption. These conditions are:

    
      (1)  Mr. Grant's bid is not more than 5% of the outstanding common
           shares of Vitality as he purchased 0.25% of the outstanding common
           shares;
      (2)  The aggregate number of Vitality common shares acquired in
           reliance on this exemption by Mr. Grant within any period of 12
           months does not exceed 5% of the outstanding common shares of
           Vitality at the beginning of the 12-month period;
      (3)  There is a published market for Vitality common shares on the TSX
           Venture Exchange; and
      (4)  The value of the consideration paid for any of the Vitality common
           shares acquired by Mr. Grant is not in excess of the market price
           at the date of the acquisition.
    

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 Vitality through market transactions, private agreements, treasury issuances 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
    

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00005856E

SOURCE Vitality Products Inc.

For further information: For further information: or to obtain a copy of the Early Warning Report, please contact: William N. Grant at (604) 683-6611 or wngrant@telus.net


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