Sunshine Agri-Tech Announces Completion of Asset Purchase and Sale Agreement

Sunshine Agri-Tech Inc. (the "Company") (TSX VENTURE:SAI) wishes to announce
that, on September 28, 2010, it completed the acquisition of business assets
from Sunscape Bio-Tech Co., Ltd. ("Sunscape") pursuant to the Asset Purchase and
Sale Agreement dated September 28, 2010 (the "Agreement") with Sunscape.
Pursuant to the Agreement, the Company purchased the business assets, including
boiler, mixer, fermenter, mixer, air compressor, and other equipment, totalling
128 items (collectively the "Assets"), primarily used in the production of
microbial feed additives, from Sunscape in consideration for the sum of RMB3.22
million Yuan paid to Sunscape. The Company obtained a valuation report from an
independent valuation firm in China for the Assets before concluding the
purchase of the Assets. 


To correct the information contained in the Company's news release of September
28, 2010 relating to transaction, the Company advises that Mr. Boajun Zhang, who
is the principal shareholder, director and Chief Executive Officer of the
Company, is a 51% shareholder of Sunscape and not the sole shareholder of
Sunscape. The other 49% interest of Sunscape is owned by a company in China
named Dalian Detai Investment, Ltd. 


The Company has submitted information relating to this transaction to the TSX
Venture Exchange (the "Exchange") for their review and this transaction is still
subject to the Exchange's approval. 


About Sunshine Agri-Tech Inc.

Sunshine Agri-Tech operates in the animal feed industry and its line of products
include microbial feed additives, bio-feed (which is a combination of
traditional animal feed such as maize, wheat and soybean meal and Dalian
Sunshine's microbial feed additives), and microbial fermented agents.


ON BEHALF OF THE BOARD OF DIRECTORS 

Mr. Baojun Zhang, Chief Executive Officer