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File: Gulfstream - News Release - update on status of Private Placement (April 6, 2017).docx

GULFSTREAM ACQUISITION 1 CORP. ANNOUNCES
UPDATE ON THE $300,000 NON-BROKERED PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES

TORONTO, ONTARIO, April 6, 2017 - Gulfstream Acquisition 1 Corp. (NEX: GFL.H) ("Gulfstream" or the "Corporation"), a c
--->apital pool company, announces, further to its news release of January 18, 2017, that the Company is proceeding with t
--->he non-brokered private placement of up to 3,000,000 common shares of the Corporation (the "Common Shares") at a price
---> of $0.10 per Common Share for aggregate gross proceeds to the Corporation of up to $300,000 (the "Private Placement")
--->.
The Corporation may pay a finder's fees in cash or securities in connection with the Private Placement up to the maxim
--->um allowable under TSX Venture Exchange  policies.
Closing of the Private Placement is subject to a number of conditions, including receipt of all necessary corporate an
--->d regulatory approvals, including the TSX Venture Exchange.  All securities issued in connection with the Private Plac
--->ement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance wit
--->h applicable securities legislation.  The Corporation intends to use the net proceeds from the Private Placement for w
--->orking capital and general corporate purposes. The Private Placement is expected to close before the end of the month 
--->of April, 2017.
For more information, please contact:
Charles Shin, Chief Executive Officer 
Gulfstream Acquisition 1 Corp.
T: (416) 846.5580
cshin@gulfstreamcapital.ca 
Certain information in this press release may contain forward looking statements. This information is based on current
---> expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results mi
--->ght differ materially from results suggested in any forward looking statements.
The Corporation assumes no obligation to update the forward looking statements, or to update the reasons why actual re
--->sults could differ from those reflected in the forward looking statements unless and until required by securities laws
---> applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corpora
--->tion's filings with the Canadian securities regulators, which filings are available at www.sedar.com. This is not an o
--->ffer for sale, or solicitation of an offer to buy, in the United States or to any U.S. Person (as defined in Regulatio
--->n S under the U.S. Securities Act of 1933, as amended) of any equity shares or any other securities of the Corporation
--->.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.