Mr. Kyle Hall reports

INEO ANNOUNCES CONVERTIBLE DEBENTURE OFFERING

Ineo Tech Corp. will proceed with a non-brokered private placement of unsecured convertible debentures of the company in the aggregate principal amount of up to $700,000.

Each debenture will be convertible into common shares in the capital of the company at a conversion price of 8.5 cents per share for the first year from the date of issuance and thereafter at an adjusted conversion price of 10 cents per share until the date which is three years from the date of issuance and bear interest at the rate of 12.0 per cent per annum for a period expiring on the maturity date.

It is anticipated that an insider will participate in the offering. The insider's participation will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions). This transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to, nor the consideration paid by such person, exceeds 25 per cent of the company's market capitalization.

In connection with the offering, the company may pay finders' fees to certain eligible finders, as permitted by the policies of the TSX Venture Exchange.

Upon a change of control, the company may also redeem the principal amount and any unpaid interest of the debentures in cash, without penalty, at any time prior to the maturity date by providing a 10-day notice period to the debentureholder by way of a written notice.

The shares issuable upon the conversion of the debentures will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The company intends to use the net proceeds of the offering for general corporate purposes.

Closing of the offering is subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the exchange. The debentures will not be listed or posted for trading on any exchange.

About Ineo Tech Corp.

Ineo Tech, through its wholly owned subsidiary, Ineo Solutions Inc., operates the Ineo media network, a digital advertising and analytics solution for retailers, and Ineo retail media, an advertising sales provider for in-store retail media. Ineo Tech is headquartered in Surrey, Canada, and publicly traded on the TSX Venture Exchange under the symbol INEO and on the OTCQB under the symbol INEOF.

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