Mr. Tom Kusumoto of 1022119 B.C. reports

1022119 B.C. LTD. ANNOUNCES ACQUISITION OF COMMON SHARES OF CHINOOK TYEE INDUSTRY LIMITED

1022119 B.C. Ltd. has acquired ownership and control of 1,349,950 common shares in the capital of Chinook Tyee Industry Ltd. The purchased shares were acquired pursuant to a debt settlement agreement dated Sept. 26, 2016, between 102BC and Peekaboo Beans Inc. (formally North Group Finance Ltd.), the previous holder of the purchased shares, whereby Peekaboo transferred the purchased shares and other assets to 102BC in exchange for settling debt in the aggregate amount of $500,000 owed by Peekaboo to 102BC. The acquisition did not take place on a market.

Prior to the acquisition, 102BC did not have ownership and control over any common shares of Chinook. Following the acquisition, 102BC attained ownership and control over 1,349,950 Chinook shares, representing 39.6 per cent of the outstanding Chinook shares.

102BC acquired the purchased shares for investment purposes only, and will review its investment on a continuing basis. Upon such review, depending upon such factors that 102BC may, from time to time, deem relevant, 102BC may, among other things, acquire additional securities of Chinook or dispose of some or all of the existing or additional securities of Chinook it holds or will hold.

The exemption to the formal bid requirements that 102BC is relying on is the private agreement exemption provided for in Section 4.2 of Part 4 of National Instrument 62-104 (takeover bids and issuer bids). The purchased shares were transferred to 102BC from a single securityholder of the company, Peekaboo, and offers to purchase additional Chinook shares were not made to or accepted from any other securityholders of Chinook. Additionally, the consideration paid by 102BC, 13.8 cents per purchased share, is not greater than 115 per cent of the market price for the purchased shares, as determined in accordance with NI 62-104.

102BC is issuing this press release pursuant to the requirements of National Instrument 62-103.