Mr. Jimmy Gravel reports

GENIUS AMENDS BROKERED OFFERING TERMS AND CLOSES FIRST TRANCHE OF NB PRIVATE PLACEMENT

Genius Properties Ltd. has signed an amended engagement letter with Leede Jones Gable Inc. to modify the price of the flow-through shares issued under its offering, announced on Nov. 14, 2016, to five cents per flow-through share. All the other terms remain unchanged.

Genius is also pleased to announce that it has closed a first tranche of 1.24 million units for gross proceeds of $62,000 of a non-brokered private placement, consisting of up to 12 million units of the corporation for maximum gross proceeds of $600,000. Each unit is offered at five cents and consists of one common share and one common share purchase warrant. Each warrant shall entitle its holder to purchase a common share at a price of 10 cents for a period of 12 months period following the closing of the private placement.

The corporation also announces that Stephane Leblanc resigned as executive chairman, effective immediately, to focus on other projects. Jimmy Gravel, president and chief executive officer of Genius, on behalf of the board of directors and the corporation, would like to thank Mr. Leblanc for his years of service and contribution to the corporation.

"We appreciate Stephane's contribution to the board, and we have significantly benefited from his wide-ranging knowledge and experience during his tenure with us. We wish Stephane all the very best in his future endeavours, and we know he will continue to support Genius's project."

Each unit consists of 100,000 common shares of the corporation and 100,000 transferable share purchase warrants. Each warrant will entitle the holder to purchase one additional share at an exercise price of 10 cents per share during the 12 months from the closing date.

The corporation intends on using the net proceeds from the offerings to continue advancing its projects and for general corporate purposes.

All shares issued pursuant to this first tranche will be subject to a hold period of four months and one day from their date of issuance and, as such, are restricted from trading until April 10, 2017.