Mr. Frank Kordy reports

GUNPOWDER CAPITAL CORP., RAISES $211,741.00 CDN VIA NON-BROKERED PRIVATE PLACEMENT RAISES

Gunpowder Capital Corp. has closed the first and final tranche of its previously announced non-brokered private placement raise. In total, $154,241 was raised in this tranche via the sale of 3,084,828 units at a price of five cents per unit. Each units comprises one common share of the corporation and one common share purchase warrant. This placement was previously announced, via press release, back on Aug. 24, 2018.

Each whole warrant entitles the holder to acquire one common share of the corporation for 7.5 cents for a period of 24 months from the closing date. All common shares issued in connection with this placement will be subject to a four-month-plus-one-day hold period under applicable Canadian securities laws.

In connection with the closing of this private placement offering, Gunpowder Capital paid a finder's fee totalling $12,339 in connection with certain subscriptions for the corporation's units.

The corporation also announced today that it has conducted, and that it has closed, a non-brokered private placement raise where $57,700 was raised by issuing 5,750 of the corporation's Class A preferred shares at a price of $10 per share. The Class A preferred shares will pay up to an 8-per-cent annual dividend to the holders of the preferred shares. The shareholders of the Class A preferred shares will also see 25 per cent of after-tax realized gains on any capital dispositions. No special voting rights will be granted to the holders of the Class A preferred shares.

In connection with the closing of this Class A preferred share private placement offering, Gunpowder Capital paid a finder's fee totalling $4,600 in connection with certain subscriptions for the corporation's Class A preferred shares.

The corporation has entered into a debt settlement agreement where the corporation will issue 500,000 common shares at a deemed price of five cents per common share to settle $25,000 of debt due to one creditor. All shares issued in the debt settlement agreement will be subject to a four-month-plus-one-day hold period under applicable Canadian securities laws. All proceeds from the two financings will be used for general working capital purposes. As of the date of issuance of this press release, the corporation now has 35,095,084 common shares outstanding and 473,020 Class A preferred shares outstanding.

About Gunpowder Capital Corp.

Gunpowder Capital is a merchant bank and advisory services firm based in Toronto, Ont., Canada. Gunpowder Capital invests in both publicly traded and private businesses that have successful management teams and attractive economic models.

We seek Safe Harbor.