Psyched Wellness LTD. Adds Scientific Advisor and Grants Stock Options

Toronto, Ontario, October 26, 2020Psyched Wellness Ltd. (formerly Duncan Park Holdings Corporation) (CSE:PSYC, OTC Pink: DCNPF) (the “Company” or “Psyched”) a life sciences company focused on the production and distribution of artisanal functional mushrooms, is pleased to announce that Brian Towncany has joined the advisory board to support the management team on the scientific side as the Company progresses through the pre-clinical trials for Amanita Muscaria with our CRO partner. Mr. Tancowny has over 25 years of experience in Research and Development with government, academic, and private sector partners. He has built and managed diverse research portfolios in animal and human health supplements, personal care products and medical therapeutics. He has led diverse research teams in creating new and innovative research projects that have bridged private and government collaborators with a particular focus on end-stage development and product marketing. Mr. Tancowny is presently a quality-assurance manager with an in-depth understanding of the challenges of operational issues in start-up companies to regulatory procedures and policies.

In addition to Mr. Tancowny joining the advisory board, Psyched is pleased to announce that as part of the Company’s long-term incentive program, and pursuant to the terms and conditions of its stock option plan, Psyched Wellness has approved the grant of 1,500,000 stock options to Consultants and Advisors to the Company. The options expire five years from the date of grant and are exercisable at a price of $0.15 per common share, the options vest immediately.

Jeff Stevens, Chief Executive Officer of the Company said, “I am thrilled to welcome Brian to our team and look forward to working with him as we continue to move Psyched Wellness towards an MVP. Adding Brian to our advisory board adds an additional layer of scientific expertise to compliment the skillset of our existing board and advisory board members”.