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File: AAR NR ArmadaUSA Oxygen SWC recap June 27 2018.pdf

                                      ARMADA MERCANTILE LTD.
                                           9575 Pinehurst Drive
                                            Roseville, CA 95747
                                             Tel: 916-746-0029
                                       cole@armadamercantile.com

                                                  June 28, 2018

                        TRADE SYMBOL: ARM-Canadian Securities Exchange
                        TRADE SYMBOL: AAMTF-OTC Markets United States

                             Oxygen Funding, Inc. completes recapitalization


                                          NEWS          RELEASE

Oxygen Funding, Inc., an affiliated ownership company of Armada Group USA, Inc., has completed the
recapitalization of an existing client account (the "Client") for $525,000.00 of purchased accounts receivables
("A/R"). The Client is providing services to companies such as Time Warner Cable, Comcast, Cox, Charter
Communications and is therefore considered high quality A/R. The client recapitalization was completed with cash
on hand and in the process retired a promissory note for $420,000, which results in Oxygen Funding, Inc. now debt
free.

Oxygen Funding, Inc. funds client accounts with capital from various participation funding sources who participate
in the purchase of the A/R. The capital carries interest of (1) 12% annual percentage rate, (2) payable monthly, (3)
collateralized by quality receivables, and (4) secured and paid directly to the participation funding sources.
Henceforth, the capital is not dilutive or an obligation to the shareholders of Armada Mercantile Ltd.

About Oxygen Funding: Oxygen Funding is a fully licensed trade finance lender (California Finance Lenders &
Brokers license #603G957) that has been funding commercial businesses since 2007. Oxygen Funding finances
new clients sourced, underwritten and serviced by an in-house staff. Oxygen Funding also evaluates existing
portfolios for potential purchase. As an outsourced service provider, Oxygen Funding offers underwriting and
servicing services to finance companies, investors and brokers who wish to build their own factoring portfolios.

Oxygen Funding is a primary provider of commercial financing solutions for all types of businesses offering a
diverse set of business financing options. As a direct funder and in conjunction with key affiliates we offer
accounts receivable financing, equipment financing, merchant cash advance, purchase order financing, revenue
loans, and terms loans.

Oxygen Funding plans to grow its client originations by: (1) expanding its referral based deal flow, (2) developing
market vertical specific financing programs, (3) increasing capitalization to direct fund client companies, (3)
building the client portfolio through potential acquisitions, and (4) expanding personnel in underwriting and
servicing of clients.

For more information on Oxygen Funding, please visit: www.oxygenfunding.com.

For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.


                                                            "Patrick Cole"
                                                         President
Contact Telephone Number: 916-746-0029
 This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of t
--->he
Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting somet
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other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of ide
--->ntifying
such statements. These forward-looking statements involve a number of risks and uncertainties. The actual results that
---> the
Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The
Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or
circumstances that may arise after the date of this news release. The risks and uncertainties discussed in documents f
--->iled by the
Company with the British Columbia, Alberta and Ontario Securities Commissions.