Mr. Jason Moreau reports

PLUS8 GLOBAL VENTURES COMPLETES FIRST TRANCHE OF PRIVATE PLACEMENT

Plus8 Global Ventures Ltd. has completed the first tranche of its non-brokered private placement, as announced on Oct. 21, 2015. Pursuant to the first tranche of the private placement, the company has issued two million units at a price of five cents per unit for gross proceeds of $100,000. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company at a price of 10 cents for a period of 12 months from closing. All securities issued in the private placement are subject to a statutory four-month hold period.

The company anticipates completing the second tranche of the private placement to raise up to an additional $150,000 in the near future. The net proceeds from the private placement will be used by the company to support the rollout of ParcelPal and for general working capital purposes.

Jason Moreau, the president and chief executive officer of the company, purchased 540,000 units pursuant to the private placement. Following closing of the private placement, Mr. Moreau holds 1,998,500 common shares (representing approximately 9.66 per cent of the outstanding common shares of the company), 270,000 common share purchase warrants and 250,000 options to purchase common shares, which, if exercised, would result in Mr. Moreau holding approximately 11.87 per cent of the company's then issued and outstanding common shares, assuming that no other common shares of the company are issued. Mr. Moreau acquired these units for investment purposes and may, from time to time, acquire additional securities of the company or dispose of such securities as he may deem appropriate. For the purposes of National Instrument 62-103 early warning reporting, the address of Mr. Moreau is 911, 850 West Hastings St., Vancouver, B.C., V6C 1E1. A copy of the early warning report being filed by Mr. Moreau may be obtained on the company's SEDAR profile or by contacting the company at 604-671-9411.

Insiders of the company have subscribed for units under the private placement. The issuance of units to insiders pursuant to the private placement will be considered to be a related party transaction within the meaning of Multilateral Instrument 61-101. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of any insider participation.

We seek Safe Harbor.