Totally Hip Announces Debt Settlement And Private Placement

Posted on August 09, 2002

Symbol: THC-TSX Venture Exchange ( www.tse-cdnx.com )

Phone: 604 685 6525 e-mail: ldw@totallyhip.com

Vancouver, Canada - August 09, 2002- Totally Hip Inc. ("Totally Hip") announces that it has agreed to settle a total of $185,104.14 in debt by the issuance of 140,000 shares in the capital stock of the Company at a deemed price of $0.25 per share.

Totally Hip also announces that is has agreed to a $100,000 private placement which will consist of the sale of 579,710 units at a price of $0.1725 per unit, each unit consisting of one share and one two-year non-transferable share purchase warrant with each such share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $0.23 per share. The private placement and debt settlement are subject to acceptance for filing by the TSX Venture Exchange.

Totally Hip Inc.
Per: "Larry Whitehead"
Larry Whitehead
Director and CFO

For further information, please contact:
Larry Whitehead, Totally Hip Inc.
Suite 201- 1040 Hamilton Street
Vancouver, BC V6B 2R9
Tel: (604) 685-6526 ext 225
Email: ldw@totallyhip.com

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