Mr. Karl Kottmeier reports

WHATTOZEE ANNOUNCES RECORD DATE OF CONSOLIDATION AND NAME CHANGE

Whattozee Networks Inc. (formerly Bama Gold Corp.) has provided notice to the Canadian Securities Exchange regarding the name change and share consolidation as announced Nov. 18, 2016.

The company will complete a one-new-for-three-old consolidation of its common shares with a record date of Jan. 27, 2017. Accompanying the share consolidation, the company's name change from Bama Gold to Whattozee Networks will be recognized by the CSE. The company's postconsolidation common shares have been assigned Cusip No. 96254Y106 and ISIN CA96254Y1060. Whattozee has requested that the CSE approve a new trading symbol. As such, the trading symbol WTZ has been reserved.

Upon consolidation, the company's 15,445,221 issued and outstanding common shares will be reduced to approximately 5,148,407 issued and outstanding common shares (subject to rounding).

Non-brokered private placement

As announced Nov. 18, 2016, immediately following the name change and share consolidation being deemed effective, the company will close the first tranche of a non-brokered private placement. Upon closing, the company will issue 6.4 million postconsolidation common shares of the company at five cents per share for gross proceeds of $320,000.

As applicable, the share consolidation, name change and private placement are subject to receipt of applicable regulatory approvals, including approval of the CSE. Securities issued under the placement will be subject to a four-month hold period, which will expire four months from the date of closing. The proceeds from the placement will be used for general working capital purposes.