Mr. Jesse Dylan reports

GOOD LIFE NETWORKS INC. ANNOUNCES APPOINTMENT OF CORPORATE DEVELOPMENT ADVISOR ALONG WITH THE ISSUANCE OF SHARES FOR SERVICE AND PROPOSED SHARES FOR DEBT SETTLEMENT

Good Life Networks Inc. has appointed one of Canada's leading tech analysts and a partner at Oak Hill Financial, Ron Shuttleworth, as corporate development adviser. He will assist in mergers and acquisitions strategy and execution.

Mr. Shuttleworth has 25 years of experience in the technology sector as an operator, investor, analyst and investment banker specializing in M&A, equity and debt. As an operator, Mr. Shuttleworth has been chief executive officer, chief technical officer and product manager with direct experience in fintech, enterprise software and marketing automation. He was a top-ranked research analyst for eight years, specializing in technology, media, and communications with nearly $500-million of capital raised within his coverage list.

"I'm thrilled our company continues to attract exceptional depth and experience to our team. Ron Shuttleworth spent most of his career as one of Canada's top tech analysts and his advice over the last 18 months has been invaluable. He was instrumental in creating our relationship with our lead financial organization and played a significant role in helping GLN go public. Ron will add his substantial experience in technology to our DNA. Ron's role will expand to include guiding our analyst coverage along with our acquisitions, growth strategy and ongoing corporate development," said Jesse Dylan, CEO of GLN.

GLN also announces the issuance of 117,600 and 154,736 common shares of the company to Market One Media Group Inc. at a deemed price of 25 cents and 19 cents per common share, respectively, and 58,956 and 63,069 common shares to Agora Internet Relations Corp. at a deemed price of 23 cents and 21.5 cents per common share, respectively, in consideration for services rendered to date. The service shares were issued pursuant to a media services contract dated May 5, 2018, between the company and Market One and an advertising agreement dated April 2, 2018, between the company and Agora, as further described in the company's press release dated May 10, 2018.

Shares for debt settlement

The company also announces that it has entered into four shares for debt settlement agreements whereby the company intends to issue an aggregate of 907,259 common shares to four arm's-length creditors.

In addition to the settlement shares, the company is also proposing to issue 125,000 common share purchase warrants to one of the creditors. Each warrant is convertible into one common share at an exercise price of 29 cents per common share for a period of two years from the date of issuance.

The settlement shares and warrants are being issued to settle debts of the company in the aggregate amount of $205,000. While the company currently has cash on hand to settle the debt, it is proposing to issue the settlement shares and warrants in order to preserve cash to finance future operations and potential acquisitions. By issuing the settlement shares and warrants, the debt will be definitively extinguished.

The shares for services and shares for debt settlements were carried out pursuant to prospectus exemptions of applicable securities laws. The issuance of the settlement shares and warrants is subject to the approval of the TSX Venture Exchange. The settlement shares and securities underlying the warrants are subject to a statutory four-month hold period in accordance with applicable securities laws.

About Good Life Networks Inc.

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