Premier Diversified Holdings Inc. ('Premier' or the 'Company') (TSXV: PDH) announces that it has entered into certain loan agreements with MPIC Fund I, LP ('MPIC') for secured loans in the aggregate principal amount of up to USD$600,000 (the 'Loans').

The Loans mature on September 4, 2020, November 7, 2020 and December 12, 2020 and bear interest at a rate of 6% per annum. The Loans are secured with all of the present and after-acquired property of the Company and rank equally in priority with the loans previously made to the Company by MPIC in April 2019 and July 2019.

The Company is not issuing any securities, or paying any bonus, commission or finder's fees on the Loan. The Loan is repayable at any time without penalty. The Company expects to repay the financing upon receiving funds from some of its other investments.

As MPIC is a control person of Premier, the Loan constitutes a 'related party transaction' within the meaning of Multilateral Instrument 61-101 Protection of Minority Security holders in Special Transactions ('MI 61-101'). The Loan has been determined to be exempt from the requirements to obtain a formal valuation or minority shareholder approval based on sections 5.5(b) and 5.7(1)(f) of MI 61-101. Premier does not have securities listed or quoted on any of the specified markets listed in section 5.5(b) of MI 61-101. Premier is relying on the exemption from minority shareholder approval in 5.7(1)(f) of MI 61-101 as the loan was obtained by Premier from MPIC on reasonable commercial terms that are not less advantageous to Premier than if the loan had been obtained from a person dealing at arm's length with Premier. Further, the loan is not convertible, directly or indirectly, into equity or voting securities of Premier or a subsidiary entity of the issuer, or otherwise participating in nature, or repayable as to principal or interest, directly or indirectly, in equity or voting securities of Premier or a subsidiary entity of the issuer.

About Premier Diversified Holdings Inc.

Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of securities and/or assets of public and private entities which it believes have potential for significant returns. It may act as a holding company (either directly or through a subsidiary) and may participate in management of subsidiary entities to varying degrees.

Contact:

Tel: (604) 678.9115

Fax: (604) 678.9279

Email: sparsad@pdh-inc.com

Web: www.pdh-inc.com

Legal Notice Regarding Forward Looking Statements: This news release contains 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that that the net proceeds of the Loan will be used as stated in this news release. Factors that could cause actual results to be materially different include but are not limited to the following: that the capital raised will be insufficient capital to accomplish our intentions and capital alone may not be sufficient for us to grow our business. Growth depends on several factors including market conditions. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.

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