Ms. Isabel Guerrero reports

TANGELO GAMES SATISFIES CONDITIONS TO WAIVER AND AMENDMENT TO CREDIT AGREEMENT

Tangelo Games Corp. has satisfied the outstanding conditions of the waiver and amendment agreement with its lenders to amend certain terms of its outstanding credit agreement (see press release dated Jan. 10, 2017). Tangelo previously completed a secured debt financing pursuant to an amended and restated credit agreement dated Nov. 16, 2015, which amended the terms of a prior credit agreement dated Jan. 30, 2015, as amended among the company, as borrower, the subsidiaries of Tangelo, as credit parties, a syndicate of lenders and the lenders' administrative agent, Third Eye Capital Corp.

The company paid the lenders a fee of $200,000 (U.S.) and received TSX Venture Exchange approval to amend the exercise price for 35 million non-transferable warrants issued by the company to the lenders to a new exercise price of six cents in connection with the amendment.

About Tangelo

Tangelo, the parent company of Diwip and Akamon, formerly known as Imperus Technologies Corp., is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip and Akamon design, develop and distribute their top-ranked social casino-themed games within on-line social networks (such as Facebook) and mobile platforms (such as Android and iPhone). All of the Diwip and Akamon games are free to play and generate revenue primarily through the in-game sale of virtual coins.

We seek Safe Harbor.