Mr. Robert Komarechka reports

ALIBABA INNOVATIONS CORP. ANNOUNCES TRADING ON THE CANADIAN SECURITIES EXCHANGE (CSE: ABJ)

Alibaba Innovations Corp. expects its common shares to start trading on the Canadian Securities Exchange on Jan. 30, 2015, under the symbol ABJ.

Pursuant to an arrangement agreement dated Oct. 23, 2013, with Web Watcher Systems Ltd., approved at a special meeting of shareholders held on Dec. 19, 2013, and by the Supreme Court of British Columbia on Jan. 7, 2014, the company will issue 14,403,698 common shares to the shareholders of Web Watcher. That arrangement was the subject of a notice of change in corporate structure posted on SEDAR April 3, 2014, under the Web Watcher profile.

The company subsequently agreed to conduct a three-cornered amalgamation pursuant to an amalgamation agreement with Alibaba Graphite Corp., an Ontario corporation, and 2417435 Ontario Ltd., a wholly owned subsidiary of the company. Pursuant to the amalgamation, the company: (i) completed a forward stock split of its existing share capital, consisting of 14,403,698 common shares on the basis of 2.5 new common shares for every one currently issued and outstanding common share, resulting in an aggregate of 36,009,245 common shares; (ii) agreed to issue an additional 33,810,002 common shares to the shareholders of Alibaba Graphite Corp.; and (iii) change its name from Cuprum Coating Acquisition Corp. to Alibaba Innovations Corp.

An aggregate of two million common shares held by the directors and officers of the company is subject to escrow conditions.

The amalgamated company will remain a wholly owned subsidiary and will carry on the business of the exploration of high-purity graphite of the kind occurring in the recent hydrothermal Albany-style graphite discovery north of Hearst, Ont. In total, the company will have 69,819,247 common shares issued and outstanding.

William Gordon and Brian Peterson have resigned as directors of the company. William Gordon and Donald Gordon have resigned as chief executive officer and chief financial officer, respectively. Robert Komarechka was appointed as the president, chief executive officer and director of the company; Paul D'Aloisio was appointed a director and chief financial officer of the company; and Binh Vu was appointed as a director of the company.

Mr. Komarechka, president, CEO and director

Mr. Komarechka holds a BSc in geology from the Laurentian University and has over 30 years experience in the mining and mineral exploration industry, as well as in the oil and gas exploration industry in Western Canada. His work as current president of Bedrock Research Corp. and earlier Bedrock Consulting has encompassed a wide variety of commodities. This ranged from gold exploration in Northern Ontario, British Columbia, Idaho, Nevada and Mexico; diamond exploration in Northern Ontario and Kentucky; base metal exploration in Northern Ontario; and numerous industrial mineral studies across Canada, including garnet, talc, calcium carbonate, silica, dimension stone, aggregate and graphite. Mr. Komarechka's geological accomplishments have included the discovery of a new cardium gas field in Northern Alberta and the discovery of the Roseval silica mine that produced 99.99 per cent silica for the production of silicon metal. Mr. Komarechka is also a past president of the Sudbury Prospectors and Developers Association, past member of the Mining Act Advisory Committee, and a founding director of the Ontario Prospectors Association.

Mr. D'Aloisio, CFO and director

Mr. D'Aloisio is a partner with the accounting firm of Sostarich, Ross, Wright and Cecutti LLP in Sudbury, Ont. Mr. D'Aloisio has over 15 years of experience in public accounting, including the audit of several publicly traded junior mining companies. He has been the chief financial officer at Canadian Arrow Mines Ltd. since Oct. 23, 2006, and of Lago Dourado Minerals Ltd. since May 27, 2010. Mr. D'Aloisio received his designation as a chartered accountant in 1994 and his designation as a chartered business valuator in 2000.

Mr. Vu, director

Mr. Vu is a lawyer, practising in the area of corporate finance and securities law. He was previously a partner at Aird & Berlis LLP, where he advised resource and energy-based clients in respect of equity and debt financings, mergers and acquisitions, divestitures, and corporate restructurings. Mr. Vu holds a master of tax degree from the University of Waterloo (2005), an LLB from Queen's University (2000) and a bachelor of science from the University of Toronto (1997).

We seek Safe Harbor.