Mr. Clark Kent reports

DATA DEPOSIT BOX ANNOUNCES SECOND CLOSING OF PRIVATE PLACEMENT AND OVER-SUBSCRIPTION

Further to its press releases dated Dec. 29, 2015, and Dec. 31, 2015, Data Deposit Box Inc.'s previously announced private-placement financing has been oversubscribed. The company has completed the second and final tranche of the offering, raising additional gross proceeds of $201,000 through the issuance of 1,005,000 units. The total gross proceeds raised pursuant to the offering were $576,000 through the issuance of 2.88 million units. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of 30 cents per common share for a period of 12 months from the date of issuance, provided, however, that, should the closing price at which the common shares trade on the Canadian Securities Exchange (or any such other stock exchange in Canada as the common shares may trade at the applicable time) exceed 35 cents for 10 consecutive trading days at any time following the date that is four months and one day after the date of issuance, the company may accelerate the warrant term such that the warrants shall expire on the date which is 30 calendar days following the date a press release is issued by the company announcing the reduced warrant term. Gross proceeds raised from the offering will be used for marketing, product development and general operating expenses.

Certain eligible persons were paid a cash commission equal to 8 per cent of the proceeds raised from subscribers introduced to the company by such finder and also issued a total of 40,000 broker warrants to finders, with each broker warrant entitling the holder to acquire one common share at a price of 20 cents for a period of one year from the date of issuance, subject to the reduced warrant term.

The securities issued upon closing of the second tranche are subject to a hold period until June 6, 2016, pursuant to applicable securities laws.

We seek Safe Harbor.