Leading Brands, Inc. (NASDAQ:LBIX), Canada's largest independent, fully integrated food and beverage brand management company, wishes to clarify that, to the best of the Company's information, the recent Form 144 filed with the U.S. Securities and Exchange Commission on behalf of Talisman Capital Opportunity Fund Ltd. to sell 153,569 shares reflects an actual sale of securities that occurred on January 11, 2001 and is not prospective in nature.