Mr. Ron Shenton reports

TOSCA RESOURCES CORP. ANNOUNCES CLOSE OF PRIVATE PLACEMENT

Tosca Resources Corp.'s March 19, 2015, non-brokered private placement has closed, effective May 1, 2015. The company received subscriptions for a total of 4,359,500 units at 15 cents per unit for gross proceeds of $653,925.

Each unit consists of one common share and one non-transferrable share purchase warrant. Each warrant entitles the holder to purchase one further common share at a price of 25 cents for a period of one year and 35 cents for a further one-year period, expiring on May 1, 2017. Shares forming part of the units and any shares acquired on exercise of the warrants are subject to restrictions on resale to Sept. 2, 2015.

The company has agreed to pay aggregate finders' fees in connection with the placement of $1,200 and issue 8,000 warrants to Canaccord Genuity.

The funds raised will be used for final due diligence on Tosca's proposed acquisition of Hatch Interactive Technologies Corp., announced on March 19, 2015, and for general working capital.

In addition, the company reports that Paolo Affif, an individual with an address at Basola Gardens, block 2, apartment 208, 4/5 Ledas St., Paphos, 8041, Cyprus, participated in the placement, acquiring 1.81 million units which, together with a total of 590,875 shares previously held, represent approximately 17.7 per cent of the company's issued and outstanding shares, without giving effect to the exercise of any warrants. The company is advised that the units acquired were acquired for investment purposes. Mr. Affif has filed an early warning report which is available for review on SEDAR.

We seek Safe Harbor.