Mr. Anthony Sarvucci reports

CLEANGO INNOVATIONS INC ANNOUNCES DEBT SETTLEMENT WITH CERTAIN CREDITORS

Cleango Innovations Inc. (formerly Softlab9 Technologies Inc.) has agreed with certain of its creditors to issue an aggregate of 1,301,610 units to settle and aggregate of $520,643 in outstanding debt. Each unit comprises one common share and one-half share purchase warrant, with each full warrant for an additional share at an exercise price of 75 cents for a period of 18 months. The units are being issued at a deemed price of 40 cents, in accordance with the policies of the Canadian Securities Exchange.

The company did not file a material change report more than 21 days before the expected closing of the shares for debt transaction as the details and amounts of debts settled under the transaction were not finalized until closer to the closing and the company wished to close the transaction as soon as practicable, which the company deems reasonable as it wishes to improve its financial position by reducing its accrued liabilities as soon as possible. All debt shares issued pursuant to the debt conversion will be subject to a four-month hold period.

We seek Safe Harbor.