Mr. Craig Leon reports

REVELSTOKE EQUITY INC. ANNOUNCES CLOSING OF ZONETAIL INC. SUBSCRIPTION RECEIPT FINANCING

Further to Revelstoke Equity Inc.'s press release dated July 12, 2018, Zonetail Inc. has closed its previously announced brokered private placement of 11,130,092 subscription receipts of Zonetail for gross proceeds of $2,003,416.56 pursuant to an agency agreement dated July 13, 2018, among the corporation, Zonetail, Gravitas Securities Inc., acting as co-lead agent with Canaccord Genuity Corp. for the private placement, and with Beacon Securities Ltd. In connection with their services to Zonetail with respect to the private placement, the agents have been compensated pursuant to the agency agreement as was previously disclosed in the previous press release.

The private placement was completed as a condition to the corporation's qualifying transaction (as such term is defined in the policies of the TSX Venture Exchange) pursuant to which the corporation and Zonetail are expected to combine their business operations. Upon completion of the qualifying transaction, the combined entity will continue to carry on the business of Zonetail. For further details on the transaction, please see the previous press release.

Each subscription receipt will be automatically exchanged immediately prior to the completion of the transaction (without any further action by the holder of such subscription receipt and for no further payment) for common shares of Zonetail, each of which shall be exchangeable into one common share of the resulting issuer, upon satisfaction of certain escrow release conditions. The proceeds from the private placement, less $100,000.08 pursuant to a subscription settling directly with Zonetail, have been deposited in escrow pursuant to a subscription receipt agreement dated July 13, 2018, between Zonetail, Gravitas and TSX Trust Company, as registrar and transfer agent for the subscription receipts and as escrow agent to receive the escrowed funds. If the escrow release conditions are not satisfied, the escrowed funds will be returned to the subscribers of the private placement in accordance with the subscription receipt agreement. The proceeds from the private placement, once released from escrow, will be used for the initial development of Zonetail's blockchain application technology, sales and marketing efforts, and general working capital and corporate purposes.

We seek Safe Harbor.