Petlife Pharmaceuticals Inc. (PTLF)

[Peggy]

Eco Ventures Group, Inc. (OTCBB: EVGI) announced today that it has entered into a Mineral Exploitation Agreement with DRR Partners, LLC to process 1,100 tons of highly concentrated ore. This complex black ore being delivered by DRR is currently being tested and evaluated for its precious metal content. Per the agreement, EVGI will pay DRR a percentage of gross sales on a sliding scale ranging from 10% if the precious metal content is less than $75,000 per ton, up to 40% if the precious metal content is greater than $250,000 per ton. EVGI has no obligation to continue in the agreement if the precious metal content is less than $50,000 per ton.

I urge caution as regards the above statement from today's release. Several things concern me.

But first a bit of history. EVGI previously listed RAPT as their
joint partner in this endeavor. Yet no information is provided that outlines the split of any proceeeds between EVGI and RAPT. I find that very strange.

Secondly, I have extensive experience with RAPT. Back last winter RAPT made a similar announcement, albeit with a smaller quantity of concentrate. Around 100 tons as I recall. RAPT reported back then that their proprietrary process has tested the ore and averaged $25K per ton recovery. Of course, RAPT never once followed up with a single update on progress with this endeavor. Numerous attempts to contact RAPT CEO for clarification fell on deaf ears. Never the courtesy of any response at all. RAPT has been in a grinding pps fall since early summer.

Third, the CEO of EVGI is Randall Lanham. To say he has a storied background would be a huge understatement. And Lanham is still listed on the RAPT website as being the General Counsel of RAPT. RAPT CEO Tom Gleason claims this is no longer the case but refused to respond when I asked him why Lanham is still reflected as the GC on the RAPT website. Seems awfully suspect to me.

Fourth, returning to the above quote. Why would DDR agree to allow EVGI to retain anywhere from 90% to 60% of recovered value from this ore? Makes no sense to me. The NR suggests that the ore may be valued at as much as 250K per ton. That's the equivalent of over 150 ounces of gold per ton. Not very likely in my view.

I am not accusing anyone of anything here. But with my specific and long standing knowledge of RAPT and how it abandoned its shareholders less than 6 months ago, it gives me cause for great concern here.

Check it out. Be interested in the thoughts of others. Something does not sound kosher here.