Mr. Bradley Moore reports

FUNDAMENTAL ANNOUNCES 65,000 FORO APP INSTALLS

Fundamental Applications Corp. is providing the June target user install update of its revolutionary Foro Student Marketplace app by Foro Technologies Inc., the company's wholly owned subsidiary, as at June 7, 2016.

Foro Technologies has achieved 50,000 android app and 15,000 iOS installs for a total of 65,000 Foro app installs.

"By achieving our June user target three weeks early, the Fundamental story gets more exciting every day," stated Fundamental chief executive officer Brad Moore. "This summer we will continue our explosive growth, improve the app experience and focus on partnerships at the NCAA school and conference level."

Mr. Moore will be interviewed by U.S.-based NewToTheStreet's TV and broadcast to a national U.S. television audience of up to 100 million homes in early July, 2016.

The Foro Student Marketplace app is leading a revolution in localized buying and selling behaviour on campuses. The Foro app provides users with a fun, easy and safe experience to turn things they don't need or want into cash. With the Foro app, users can transact business with trusted individuals, many of whom they may know personally as classmates or through social media, all located at the same campus.

In other corporate news, the company has closed a non-brokered private placement issuing 900,000 units at a price of 18 cents per unit for gross proceeds of $162,000. Each unit consists of one common share and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share of the company for a period of five years at an exercise price of 30 cents per share. The securities distributed pursuant to the private placement are subject to a statutory hold period of four months plus one day from the date of issuance. Proceeds from the private placement will be used for general working capital and corporate purposes. No finders' fees were paid in connection with the private placement.

We seek Safe Harbor.