Chudleigh Ventures Inc. Announces Receipt of Exchange Conditional Approval for Its Qualifying Transaction

Chudleigh Ventures Inc. ("Chudleigh") (TSX VENTURE:CLV.P), a Capital Pool
Company, is pleased to announce that it has received conditional approval from
the TSX Venture Exchange (the "Exchange") for its Qualifying Transaction ("QT")
involving the acquisition of all of the issued and outstanding securities of
Sweet Diabetic Delight Foods Inc., doing business as Xylitol Canada. After
completion of the QT, Chudleigh will be renamed Xylitol Canada Inc.


Xylitol Canada's goal is to become a North American-based, low cost, high
quality manufacturer of food and pharmaceutical-grade xylitol from readily
available environmentally-sustainable biomass. Xylitol is an all natural
sweetener, which contains 40% less calories than sugar. Xylitol is found in many
consumer retail products, including gums, toothpaste and mints.


Since early 2008, Xylitol Canada has conducted a research and development
program pursuant to a joint venture agreement with SunOpta BioProcess Inc., a
subsidiary of SunOpta Inc. (TSX:SOY)(NASDAQ:STKL), focusing on the design,
construction and optimization of biomass conversion equipment, processes and
facilities for the cost effective production of high end xylitol from xylose
enriched raw materials. Xylitol Canada's immediate objective is to construct a
pilot plant capable of producing up to 250 metric tons of xylitol per year in
order to validate this process on a commercial scale.


Closing and final acceptance of the QT is subject to the satisfaction of certain
conditions, including fulfilling of all remaining filing requirements under the
Exchange's policies and the completion of the concurrent private placement for
minimum gross proceeds of $4.4 million (the "Offering"). The use of proceeds
from the Offering will be used to fund pilot plant expenditures to test the
validity of commercial scale production of xylitol using the process developed
under the Joint Venture. A Filing Statement concerning the QT is available at
www.sedar.com under Chudleigh's profile.


Closing of the QT is scheduled to occur on or about April 12, 2010.