Mr. Chester Shynkaryk reports

CARRUS CLOSES NON-BROKERED PRIVATE PLACEMENT AND APPOINTS VAN DER LINDE TO THE BOARD

Further to its news release dated Aug. 30, 2017, Carrus Capital Corp. has raised gross proceeds of $8-million through the distribution of 26,666,666 special warrants of the company at a price of 30 cents per special warrant.

Each special warrant entitles the holder to receive, without payment of any additional consideration or need for further action, one unit of the company. Each unit comprises one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional share at 40 cents on or before Sept. 25, 2019.

The special warrants will convert to units on the earlier of: (i) four months and a day after closing of the placement; and (ii) the receipt of a final prospectus qualifying the shares and underlying warrants.

Finders' fees of 2,666,666 special warrants and $800,000 were paid in connection with this financing. Each finder warrant entitles the holder thereof to purchase one unit. Each unit comprises one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional share at 40 cents on or before Sept. 25, 2019.

As disclosed in the news release dated Aug. 16, 2017, and Aug. 30, 2017, the net proceeds of the offering, together with the company's current investment capital, will be used by the company to explore investment opportunities in a variety of technologies related to alternative emerging asset classes, specifically the blockchain and digital currencies. No transactions have been consummated to date.

The company intends to augment its staff with the addition of experts in these areas, including the formation of an advisory board, to assist in its review of future transactions in this sector.

The company also wishes to announce the appointment of Theo van der Linde to the board of directors. Mr. van der Linde is a chartered accountant with 20 years of extensive experience in finance, reporting, regulatory requirements, public company administration, equity markets and financing of publicly traded companies. He has served as a chief financial officer and a director for a number of TSX Venture Exchange- and Canadian Securities Exchange-listed companies over the past several years. His industry experience includes financial services, manufacturing, oil and gas, mining, and retail industries. More recently, Mr. van der Linde has been involved with future use trends of natural resources as well as other disruptive technologies. He has worked and is currently working on projects in South Africa, West Africa, East Africa, Peru, the United Kingdom, Sri Lanka, the United States and Norway.

The company has accepted the resignation of Troy Grant as a director effective Sept. 25, 2017. The board of directors wishes to express its gratitude to Mr. Grant for his contributions to the company and to wish him well with his future endeavours.