Mr. Richard Whitehead reports

FUNDAMENTAL APPLICATIONS CORP. ANNOUNCES $350,000 NON-BROKERED PRIVATE PLACEMENT

Fundamental Applications Corp. intends to raise up to $350,000 by issuing up to 1.75 million units at a price of 20 cents per unit. Each unit will be composed of one common share and one whole warrant. Each warrant will be exercisable at a price of 30 cents until Dec. 15, 2015. Upon exercise of a warrant, the shareholder will receive one common share and an additional half warrant, each whole warrant exercisable to receive one common share at a price of 45 cents until Dec. 15, 2016.

Fundamental would also like to announce that it intends to settle debts in an aggregate amount of approximately $200,000 in exchange for the issuance of an aggregate of approximately one million units. The debt settlement will be based at a deemed price of 20 cents per unit. Each unit shall be composed of one common share and one-half share purchase warrant. Each whole share purchase warrant shall be exercisable for one common share at a price of 30 cents per share until Dec. 15, 2015.

Closing of the offering and the debt settlement may be subject to a number of conditions, including receipt of any necessary corporate and regulatory approvals. All securities issued in connection with the offering and the settlement will be subject to a hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.

Proceeds from the offering will be used for general working capital and corporate purposes.

We seek Safe Harbor.