Mr. Karsten Arend reports

BITRUSH CORP. PROVIDES UPDATE TO SHAREHOLDERS

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

As a result of the continued failure of certain parties, including the former chief executive officer and former accountant of Bitrush, to deliver or cause to be delivered to Bitrush the corporate assets and property of Bitrush and its subsidiaries (see news releases dated April 4, April 13 and April 24, 2017), which includes important financial information of the company and its subsidiaries, the company will not be in a position to prepare and finalize the audited financial statements of the company for the year ended Dec. 31, 2016. Accordingly, such financial statements and related management's discussion and analysis, together with the required chief executive officer and chief financial officer certifications, will not be filed on SEDAR by the May 1, 2017, deadline as required by Ontario securities law.

The company's securities remain subject to the cease trade order imposed by the Ontario Securities Commission on Dec. 3, 2016. (See news release dated Dec. 2, 2016.)

The company intends to update its continuous disclosure when it has the financial information required to do so.

We seek Safe Harbor.