Mr. Charalambos Katevatis reports

UNIVERSAL VENTURES INC. ANNOUNCES ELECTION OF NEW DIRECTOR AND SHAREHOLDER APPROVAL TO AMENDMENTS TO ARTICLES

At Universal Ventures Inc.'s shareholder meeting held on Friday, April 11, 2014, shareholders re-elected as directors incumbents Charalambos (Harry) Katevatis, Jerry Minni and Barry Price, and elected Vivian Katsuris who was nominated in place of Anthony Claydon, who resigned from the board on April 11, 2014.

Ms. Katsuris previously served as an investment adviser at Global Securities Corp. for the past 10 years. The company expects that her 20 plus years of experience in the brokerage industry, the North American capital markets and public financings will be an asset to the company.

In addition, shareholders passed a special resolution to approve the alteration of the company's articles to provide the company's board of directors with the authority to approve any change in the company's name as well as to add advance notice provision to the articles that requires advance notice to the company in circumstances where director nominations are made by shareholders of the company other than pursuant to a proposal or a requisition of shareholders made in accordance with the Business Corporations Act (British Columbia).

Shareholders also passed a special resolution which provides the board of directors of the company with the ability to proceed with a future share split on the basis of one existing common share for three new common shares.

The above-noted proposed amendments to the articles and the proposed share split are subject to receipt of TSX Venture Exchange approval.