Mr. John Ricci reports

DANAVATION TECHNOLOGIES ANNOUNCES CLOSING OF FINAL TRANCHE OF FINANCING

Danavation Technologies Corp. has closed the final tranche of its non-brokered private placement of units through the issuance of 1.65 million units at a price of 20 cents per unit for gross proceeds of $330,000.

Each Unit consists of one (1) common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.30 per Common Share for a period of twenty-four (24) months from the closing date of the Private Placement.

Gross proceeds of the Private Placement will be used for working capital and general corporate purposes.

Closing of the Private Placement is subject to receipt of all necessary corporate and regulatory approvals. All securities issued in connection with the final tranche of the Private Placement will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. There were no finder fees or commissions paid in connection with the final tranche of the Private Placement.

About Danavation

Danavation Technologies Corp. is a North American-founded and headquartered technology company providing Digital Smart Labels(TM) and a software Platform-as-a-Service (PaaS) solution that enables companies across various sectors to automate labelling, price, product, and promotions in real-time. Danavation's Digital Smart Labels(TM) enhance data accuracy and improve performance by removing high labour costs and low productivity typically associated with traditional labour-intensive workflows.

Our goal is to create a sustainable and profitable business for shareholders while advancing sound environmental, social and governance practices, including by significantly reducing paper usage. Danavation has introduced its solution to retailers across North America, including big box and boutique grocers, while also targeting new markets including healthcare providers, manufacturing, and logistics companies.

We seek Safe Harbor.