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For Immediate Release                                                                                       September 
--->1, 2015
GENOVATION CAPITAL ANNOUNCES NEW DIRECTOR AND FUNDING
Vancouver, B.C., September 1, 2015 - Genovation Capital Corp. (CSE: GEC) (the "Company" or "Genovation Capital") is pl
--->eased to announce that Mr. John Binder has been appointed as an independent director.
Mr. Binder is the founder, President and CEO of Avmax Group Inc., a Calgary based heavy aircraft maintenance and servi
--->cing facility, as well as a founder, Chairman of the Board and CEO of R1 Airlines Ltd., and Executive Vice-President f
--->or Regional Express Aviation Ltd.  Avmax owns, operates and leases over 100 aircraft worldwide. Prior to founding Avma
--->x Mr. Binder was President and owner of Western Avionics of Calgary, Canada's largest aircraft avionics company, now a
---> division of the Avmax Group. A licensed aircraft engineer with over 45 years of experience in the aviation sector, Mr
--->. Binder was recognized with the Ernst & Young Entrepreneur of the Year for the Prairies Regional award, and was the r
--->ecipient of the Max Ward Aviation Maintenance Trophy for contributions to the aircraft maintenance industry in 2010. I
--->n addition to his work with Avmax, Mr. Binder applies his entrepreneurial expertise to various other business interest
--->s, and is a significant shareholder of the Company,
"We are very pleased to welcome John to Genovation's Board. We believe that his depth of business experience and wide 
--->range of skills will assist in the development and execution of the Company's overall strategy. We look forward to his
---> contributions in maximizing value for all Genovation stakeholders." said Rob van Santen, CEO of Genovation Capital.
Private Placement
The Company announces a non-brokered private placement of up to 3,500,000 units (each, a "Unit") at a price of $0.075 
--->per Unit for gross proceeds of up to $262,500 (the "Offering"). The net proceeds from the Offering will be used by the
---> Company for assessment and due diligence costs associated with the Company's search for business opportunities, and g
--->eneral working capital.
Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a 
--->"Warrant").  Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.25 for a perio
--->d of 24 months from the closing of the Offering, subject to the acceleration provision described below. The Units will
---> be made available by way of prospectus exemptions in Canada and in such other jurisdictions as the Company may agree 
--->where the Units can be issued on a private placement basis, exempt from any prospectus, registration or other similar 
--->requirements.  
The Company will be entitled to accelerate the expiry date of the Warrants to the date that is 30 days following the d
--->ate the Company issues a news release announcing that the published closing price of the Common Shares on the Canadian
---> Securities Exchange (the "Exchange") has been equal to or greater than $0.35 for ten consecutive trading days after t
--->he hold period on the Common Shares has expired.  
The Company may pay a finder's fee on the Offering within the amount permitted by the policies of the Exchange.  Closi
--->ng of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory a
--->pprovals, including the Exchange.  All securities issued in connection with the Offering will be subject to a statutor
--->y hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation
--->.  
Stock Options
The Company announces the grant of 875,000 incentive stock options ("Options") to certain directors, officers and cons
--->ultants of the Company to purchase up to 875,000 common shares of the Company as part of its compensation procedures. 
--->Of the Options granted, a total of 675,000 Options are being granted to directors and executive officers of the Corpor
--->ation. Options being granted have an exercise price of $0.10 per share and are exercisable for a period of five years 
--->from the date of grant, and vest in stages over the course of the first year with 25% at the end of each three-month p
--->eriod.
The stock options are being granted pursuant to the terms of the Company's stock option plan and are subject to regula
--->tory approval. Options to purchase 1,325,000 Common Shares are now outstanding, which is equal to approximately 8.6% o
--->f the number of issued and outstanding Common Shares.

About Genovation Capital Corp.
The Company is focused on acquiring private oil and gas sector business and acquisition opportunities seeking to go pu
--->blic. We act as a public company incubator, applying human and financial resources and capital to engineer and structu
--->re an appropriate "going public" process. The Company recently divested its subsidiaries via a Plan of Arrangement, cr
--->eating three stand-alone "Reporting Issuers" through the distribution of their shares to Company shareholders. The Com
--->pany holds a minority interest in a Malaysian-based operation providing onshore and offshore oilfield services and ins
--->pection and asset integrity management (AIM) solutions. The Company is actively seeking additional business opportunit
--->ies that offer near term cash flow potential as a means to create shareholder value.

Further information is available on the Company website at http://www.genovationcapital.ca/
ON BEHALF OF GENOVATION CAPITAL CORP.
(signed) "Robert van Santen"       Chief Executive Officer
For further information, please contact:
Genovation Capital Corp. Greg Patchell, Manager, Public Relations Telephone: +1.250.860.8634
Some of the statements contained in this press release are forward-looking statements and information within the meani
--->ng of applicable securities laws. Forward-looking statements and information can be identified by the use of words suc
--->h as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statement
--->s that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be a
--->chieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and 
--->uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ mater
--->ially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, 
--->readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update 
--->publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies
---> of the CSE) accepts responsibility for the adequacy or accuracy of this release.