Pacific Safety Products Inc. Announces Issuance of Shares in Satisfaction of Board and Management Fees

Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or the "Company"),
announced today that it intends to issue to Mr. Terry Vaudry, Mr. Fraser
Campbell and Mr. Ken Hight an aggregate of 490,000 common shares in satisfaction
of an aggregate of $49,000 of accrued director's fees and management fees for
the period from July 1, 2013 to December 31, 2013 at a price of $0.10 per share.


Messrs. Campbell and Hight are each directors of PSP, and Mr. Vaudry is a
director and the chief executive officer of PSP. The Company determined to
satisfy the indebtedness through the issuance of shares in order to preserve a
total of $49,000 in cash to be used for operations and working capital purposes.


The share issuance is conditional upon acceptance by the TSX Venture Exchange,
and the common shares will be subject to a four month hold period from the date
of issuance.


About PSP: The mission statement of Pacific Safety Products Inc. is ...we bring
everyday heroes home safely(R). PSP is an established industry leader in the
production, distribution and sale of high-performance and high-quality safety
products for the defence and security market. These products include body armour
to protect against ballistic, stab and fragmentation threats, ballistic blankets
to reduce blast effects, tactical clothing, and protective products against
chemical and biological hazards. PSP is the largest body armour manufacturer in
Canada, directly supplying the Canadian Department of National Defence, Federal
Government Agencies and major Canadian law enforcement organizations. The
Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body
armour products under the GH Armor Systems(R) brand to U.S. based law
enforcement and private security firms. The Company also produces tactical
clothing. Pacific Safety Products is a reporting issuer in British Columbia,
Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX
Venture Exchange.


Forward-Looking Information: This news release contains certain statements which
may constitute "forward-looking information" within the meaning of applicable
securities laws. These statements relate to anticipated or assumed events or
results including, without limitation, the terms and completion of the shares
for debt transaction. The forward-looking information contained herein is
expressly qualified in its entirety by this cautionary statement. Although the
Company believes that the expectations conveyed by the forward-looking
information are reasonable based on information currently available to it, these
statements are based on management's expectations, estimates and projections and
involve a number of risks, uncertainties and assumptions, both known and
unknown. As a result, the results or events depicted in these forward-looking
statements may differ materially from actual results or events. Many factors
could cause results to differ materially from those stated including, but not
limited to the impact of price and product competition, changes in general
industry and market conditions, inability to successfully plan and execute cost
reduction and business improvement strategies, ability to retain key staff,
restrictions and covenants contained in credit agreements, fluctuations in
currency, exchange and interest rates and commodity prices, ability to retain
existing customer contracts, reliance on key customers, inability to identify
and execute on value-enhancing strategic alternatives, as well as various other
factors which are discussed in the Company's filings with applicable securities
regulatory authorities at www.sedar.com. Any forward-looking statement speaks
only as of the date of this news release and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Safety Products Inc.
Terry Vaudry
CEO
[phone]
www.pacsafety.com