Mr. Charles Shin reports

GULFSTREAM ACQUISITION 1 CORP. ANNOUNCES UPDATE ON THE $300,000 NON-BROKERED PRIVATE PLACEMENT

Further to the news releases of Jan. 18, April 6 and May 10, 2017, Gulfstream Acquisition 1 Corp. is proceeding with the non-brokered private placement of up to three million common shares of the corporation at a price of 10 cents per common share for aggregate gross proceeds to the corporation of up to $300,000.

The corporation may pay a finder's fee in cash or securities in connection with the private placement up to the maximum allowable under TSX Venture Exchange policies.

Closing of the private placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The corporation intends to use the net proceeds from the private placement for working capital and general corporate purposes. The private placement is expected to close before the end of the month of June, 2017.

We seek Safe Harbor.