Mr. Karsten Arend reports

BITRUSH CORP. APPLICATION HAS BEEN HEARD IN TORONTO COURT

The special committee of the board of directors of Bitrush Corp. is providing the following update to shareholders.

The company's application for relief under the oppression remedy against Werner Boehm, Alfred Dobias, MezzaCap Investments Ltd. and Elfriede Sixt was heard on May 31 and June 5 before the Ontario Superior Court of Justice -- commercial list. An order was sought to, amongst other things, clarify the capital structure of Bitrush in light of the conduct by Bitrush's former chief executive officer Mr. Boehm that the applicants alleged to be oppressive and contrary to the best interests of Bitrush.

MezzaCap Investments, Mr. Boehm, Mr. Dobias and Ms. Sixt chose not to respond to the application. Instead, they brought a motion to argue that the court case should be heard in Austria, notwithstanding that Bitrush is an Ontario corporation listed on the Canadian Securities Exchange.

The company will provide a further update when a decision is rendered.

We seek Safe Harbor.