Mr. Karsten Arend reports

BITRUSH CORP. PROVIDES CORPORATE UPDATE

The special committee of the board of directors of Bitrush Corp. is providing the following update to shareholders.

Further to the news release of the company dated Jan. 23, 2017, the special committee is diligently continuing its work to protect the business and operations of the company necessitated from Werner Boehm's unlawful actions and lack of co-operation since his termination as chief executive officer of the company. The transition of the company's AdBit business onto its new platform, Adbit.biz, is now complete, and service has been raised to a professional standard, with user withdrawals being fully financed.

The launch of the new official Bitrush website, Bitrush.com, is expected to occur shortly. The website will include relevant information about the company and its business, and will be the primary source of official company news, including its news releases posted on SEDAR. The site will not be accessible to the former CEO. Readers are reminded that all news releases on the Bitrush.co website since December, 2016, were posted by Mr. Boehm and should be ignored in their entirety.

As previously announced, the special committee is proceeding with its application to the Commercial Court on March 20, 2017. Mr. Boehm, who is the former CEO and a respondent in the application, had previously advised the court that he intended to bring a motion to argue that the court case should be heard in Austria rather than Ontario. His motion had been scheduled for Feb. 22, 2016. However, Mr. Boehm did not proceed with the motion. The next scheduled court appearance is the application on March 20, 2017, in Ontario.

The company also announces the resignation of Alfred Dobias from the board of directors effective Feb. 22, 2017. The company wishes Mr. Dobias all the best in his future endeavours and is actively looking for a suitable replacement.

Readers are reminded that the company's AdBit website and Twitter addresses are Adbit.biz and twitter.com/AdbitBiz, respectively. Adbit.co and twitter.com/AdBitOfficial remain under the unlawful control and operation of Mr. Boehm, are not affiliated with the company and should be disregarded entirely.

The company's securities remain subject to the cease trade order imposed by the Ontario Securities Commission on Dec. 2, 2016. (see news release dated Dec. 2, 2016).

We seek Safe Harbor.