Mr. Richard McGraw reports

KILLBEAR ACQUISITION CORP. COMPLETES QUALIFYING TRANSACTION AND ANNOUNCES DISTRIBUTION TO SHAREHOLDERS AND DISSOLUTION

Killbear Acquisition Corp. has completed its previously announced qualifying transaction with Yangaroo Inc., subject to receipt of final approval from the TSX Venture Exchange.

Pursuant to the qualifying transaction, the corporation completed a private placement of common shares in the capital of Yangaroo at a price of 30 cents per Yangaroo share on Aug. 25, 2014. Pursuant to the private placement, the corporation purchased one million Yangaroo shares for an aggregate subscription price of $300,000.

The qualifying transaction remains subject to the corporation filing final documentation with the exchange.

The approval of a majority of the minority of the corporation's shareholders for the qualifying transaction was obtained at the special meeting of shareholders of the corporation held on Aug. 14, 2014. In connection with the approval of the qualifying transaction, the shareholders of the corporation also approved the reduction of stated capital and voluntary dissolution of the corporation.

The corporation will distribute all of the securities underlying the Yangaroo shares to the shareholders of the corporation of record as of July 15, 2014. Each shareholder of record will receive approximately 0.1363995 Yangaroo share for each one common share of the corporation held by them.

The common shares of the corporation were halted from trading by Investment Industry Regulatory Organization of Canada due to the corporation's failure to complete a qualifying transaction within 24 months of listing on the exchange. The common shares of the corporation will remain halted pending receipt of final exchange approval of the qualifying transaction and the issuance by the exchange of a final exchange bulletin. Upon receipt of final approval, the corporation will be delisted and dissolved, and all outstanding equity rights in the corporation will be cancelled. Any securities of Yangaroo distributed to shareholders of the corporation whose securities of the corporation have been held in escrow will also be held in escrow under the same terms and conditions as such securities of the corporation.

Additional details regarding the qualifying transaction, return of capital to the shareholders and the dissolution are available in the management information circular of the corporation dated July 7, 2014, which has been filed with the exchange and is available on SEDAR.

We seek Safe Harbor.