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, which was filed October 16, 2000 with the U.S. Securities and Exchange Commission on behalf of Talisman Capital Opportunity Fund Ltd. to sell 581,425 shares of common stock, reflects an actual sale of securities that occurred on September 29, 2000 and is not prospective in nature.

About Leading Brands, Inc.

Headquartered in Richmond, B.C., Canada, Leading Brands, Inc. is the largest independent food and beverage integrated brand management company in Canada. The Company's unique Integrated Distribution System (IDS) offers turnkey, one-stop shopping to food and beverage brand owners.

NOTE: Any statements that are not historical facts contained in this release are forward-looking statements. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, including currency fluctuations, intellectual property rights, and the outcome of competitive products, risks in product development, the results of financing effort, the ability to complete transactions, and other risks identified in this release and the Company's Securities and Exchange Commission filings.