Psyched Wellness Submits Applications for Four Further Provisional Patents Surrounding Its Work on the AME-1

Toronto, Ontario, August 17, 2021 – Psyched Wellness Ltd. (CSE:PSYC, OTCQB:PSYCF, FRANKFURT:5U9) (the “Company” or “Psyched”) a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce the company has submitted applications to the United States Patent and Trademark office, for four further provisional patents surrounding the Company’s flagship product - AME-1.

The applications were submitted on August 11, 2021 as such:

App US63/232,144: THERAPEUTIC COMPOSITIONS OF AMANITA MUSCARIA EXTRACTS AND THEIR USE FOR ANXIETY, SUBSTANCE USE, AND SLEEP DISORDERS, AND FOR THE IMPROVEMENT OF OVERALL MENTAL HEALTH AND WELLBEING;

App US63/232,152: THERAPEUTIC COMPOSITIONS OF AMANITA MUSCARIA EXTRACTS AND THEIR USE FOR PAIN, INFLAMMATION, AND IMMUNE DISORDERS, AND FOR THE IMPROVEMENT OF OVERALL PHYSICAL HEALTH AND WELLNESS;

App US63/232,157: THERAPEUTIC COMPOSITIONS OF MUSCIMOL AND MUSCARINE AND THEIR ANALOGS AND THEIR USE FOR ANXIETY, SUBSTANCE USE, AND SLEEP DISORDERS, AND FOR THE IMPROVEMENT OF OVERALL MENTAL HEALTH AND WELLBEING;

App US63/232,160: THERAPEUTIC COMPOSITIONS OF MUSCIMOL AND MUSCARINE AND THEIR ANALOGS AND THEIR USE FOR PAIN, INFLAMMATION, AND IMMUNE DISORDERS, AND FOR THE IMPROVEMENT OF OVERALL PHYSICAL HEALTH AND WELLNESS;

Jeff Stevens, CEO of Psyched Wellness said, “The filing of these patents marks another important milestone in the execution of Psyched’s strategy, and moves us closer to being able to bring our products to market. We believe AME-1 will have a sustainable commercial and societal impact with its power to help stress relief, relaxation and restful sleeping.”