Mr. Shane Copeland reports

CLAROCITY CORPORATION ANNOUNCES AMENDING AGREEMENT TO VALUED VETERANS PURCHASE AGREEMENT

Clarocity Corp. has amended the previously announced purchase agreement for the acquisition of Valued Veterans LLC and will issue an additional 2.5 million common shares to ValVets. The company expects the transaction to close imminently, subject to TSX Venture Exchange approval.

"Over the past few months, Andrew Belt and his team at ValVets have exceeded our expectations," said Shane Copeland, chief executive officer of Clarocity. "ValVets has shown potential to contribute more than we had initially expected to Clarocity in terms of both revenue and reputation. Accordingly, we agreed to amend the original agreement to accurately reflect the value to Clarocity and to further ensure that the interests of Clarocity and ValVets are completely aligned."

The purchase consideration, after the amendment, will consist of: (i) $750,000 (U.S.) in cash by way of vendor-financed promissory notes; (ii) 7.5 million common shares in the capital of Clarocity; and (iii) an additional $100,000 (U.S.) payable in common shares in the capital of Clarocity. The common shares to be issued as part of the purchase consideration will be issued at a deemed price equal to the market price (as defined under the policies of the TSX Venture Exchange and the purchase agreement) as of the date of the purchase agreement, being Aug. 1, 2016. The promissory notes will be payable as follows: (i) $500,000 (U.S.) payable on or before March, 2017; and (ii) $250,000 (U.S.) payable on or before March, 2018, and will be secured against default by the ownership interests of Valued Veterans. The existing management of ValVets will remain in place.

We seek Safe Harbor.