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File: FUN_2016 Dec 7_Fundamental Applications Corp. Closes Final Tranche of Private Placement.pdf

                                       fundamental
                                           APPLICATIONS CORP.
                                     PO Box 43, Suite 830, 1100 Melville Street
                                             Vancouver, BC V6E 4A6
                                          www.FunAppCorp.com



                  FUNDAMENTAL APPLICATIONS CORP. CLOSES FINAL TRANCHE
                       OF PRIVATE PLACEMENT AND DEBT SETTLEMENT

Vancouver, British Columbia, Canada   December 7, 2016   Fundamental Applications Corp.
("Fundamental" or the "Company") (CSE: FUN, FSE: 2FA, OTCQB: FUAPF), a leading developer of
innovative smartphone applications targeted toward millennials, announces that that it has closed the
second and final tranche of a non-brokered private placement and issued shares in settlement of debt.

Pursuant to the non-brokered private placement offering, the Company has issued 623,727 units at a price
of $0.11 per unit for gross proceeds of $68,610. Each unit consists of one (1) common share and one-half
(1/2) of a common share purchase warrant, whereby each full warrant entitles the holder to purchase one
additional common share of the Company for a period of two (2) years from closing at an exercise price
of $0.30 per share. Proceeds from the private placement will be used for general working capital and
corporate purposes.

In addition, the Company announces it has settled debt in an aggregate amount of $100,000 in exchange
for the issuance of 909,090 shares to several creditors, both of which are related parties. The debt
settlement is based on a deemed price of $0.11 per share. No warrants were issued in connection with
the debt settlement.

The Company determined it was best to reduce its debt at this time by the issuance of shares in order to
preserve its cash for operations and is relying on exemptions from the prospectus requirements and
applicable securities laws to issue the shares.

All securities issued in connection with the private placement offering and debt settlement are subject to
a hold period of four months plus a day from the date of issuance in accordance with applicable securities
legislation.

About Fundamental
Fundamental Applications Corp. (CSE:FUN FSE:2FA, OTCQB: FUAPF) designs, develops, markets, and
acquires innovative mobile applications targeted at the "Millennials" generation, people born in an age of
digital technology, internet access, and smart phones. This demographic is an early adopter of mobile
technology, has significant discretionary income, and is lifestyle driven with a willingness to try new things.
Fundamental's three leading mobile platforms are Foro, a peer-to-peer mobile ecommerce marketplace;
Truth, a one-to-one anonymous messaging app; and Opinit, an app that enables users to create and share
emotion driven content.

To learn more about Fundamental Applications Corp., please visit www.FunAppCorp.com, or review its
company profile on the SEDAR website (www.sedar.com) and on the CSE website (www.thecse.com).
 Investor Relations Contact:
Bradley Moore
Chief Executive Officer
514.561.9091
info@funappcorp.com
www.FunAppCorp.com

Forward-Looking Information
This press release may include forward-looking information within the meaning of Canadian securities
legislation, concerning the business of Fundamental. Forward-looking information is based on certain key
expectations and assumptions made by the management of Fundamental. Although Fundamental
believes that the expectations and assumptions on which such forward-looking information is based are
reasonable, undue reliance should not be placed on the forward-looking information because
Fundamental can give no assurance that they will prove to be correct. Forward-looking statements
contained in this press release are made as of the date of this press release. Fundamental disclaims any
intent or obligation to update publicly any forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as required by applicable securities laws.