File: Attachment Interconnect - News Release - Closing of $0.01 Private Placement.pdf

Not for dissemination in the United States or for release to US news wire services

INTERCONNECT VENTURES CORPORATION c/o Suite 900 885 West Georgia Street Vancouver, British Columbia V6C 3H1 Telephone: (965) 9988 5018

FOR IMMEDIATE RELEASE TSX-V symbol: IVC.H

INTERCONNECT CLOSES NON-BROKERED PRIVATE PLACEMENT

April 17, 2025 - Vancouver, BC Interconnect Ventures Corporation (TSX-V:IVC.H) (the "Company") announces that it has completed its non-brokered private placement previously announced on March 6, 2025, pursuant to which the Company issued 9,711,901 units of the Company (each, a "Unit") at a price of $0.01 per Unit for aggregate gross proceeds of $97,119 (the "Private Placement"). Each Unit is comprised of one common share in the capital of the Company (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a "Warrant Share") at a price of $0.05 per Warrant Share until April 16, 2026.

Proceeds of the Private Placement will be used for general working capital purposes. No proceeds of the Private Placement are proposed to be paid to any non-arm's length parties or for investor relations activities. No finder's fees were paid in connection with the Private Placement.

Certain directors of the Company (the "Insiders") subscribed for a total of 1,635,000 Units in the Private Placement. Participation by the Insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61- 101"). The issuance to the Insiders is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the Insiders did not exceed 25% of the Company's market capitalization.

All securities issued pursuant to the Private Placement will be subject to a statutory hold period expiring on August 17, 2025. None of the securities sold in connection with the Private Placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ON BEHALF OF THE BOARD OF DIRECTORS

"Eyad Al Saleh"

Dr. Eyad Al Saleh Director, Chairman and Chief Executive Officer

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For further information, please contact: Dr. Eyad Al Saleh T: 965.6900.6682 E: r.jabbour@interconnect-ventures.com

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include statements about the Private Placement and its terms. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, the proposed use of proceeds for the Private Placement. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward- looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward- looking statements. The Exchange has not reviewed and has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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File: '\\swfile\EmailIn\20250417 103640 Attachment Interconnect - News Release - Closing of $0.01 Private Placement.docx'

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Not for dissemination in the United States or for release to US news wire services

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INTERCONNECT VENTURES CORPORATION

c/o Suite 900 - 885 West Georgia Street

Vancouver, British Columbia V6C 3H1

Telephone: (965) 9988 5018

FOR IMMEDIATE RELEASE TSX-V symbol: IVC.H

INTERCONNECT CLOSES NON-BROKERED PRIVATE PLACEMENT

April 17, 2025 - Vancouver, BC - Interconnect Ventures Corporation (TSX-V:IVC.H) (the "Company") announces that it has completed its non-brokered private placement previously announced on March 6, 2025, pursuant to which the Company issued 9,711,901 units of the Company (each, a "Unit") at a price of $0.01 per Unit for aggregate gross proceeds of $97,119 (the "Private Placement"). Each Unit is comprised of one common share in the capital of the Company (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a "Warrant Share") at a price of $0.05 per Warrant Share until April 16, 2026.

Proceeds of the Private Placement will be used for general working capital purposes. No proceeds of the Private Placement are proposed to be paid to any non-arm's length parties or for investor relations activities. No finder's fees were paid in connection with the Private Placement.

Certain directors of the Company (the "Insiders") subscribed for a total of 1,635,000 Units in the Private Placement. Participation by the Insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance to the Insiders is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the Insiders did not exceed 25% of the Company's market capitalization.

All securities issued pursuant to the Private Placement will be subject to a statutory hold period expiring on August 17, 2025. None of the securities sold in connection with the Private Placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ON BEHALF OF THE BOARD OF DIRECTORS

"Eyad Al Saleh"

Dr. Eyad Al Saleh

Director, Chairman and Chief Executive Officer

For further information, please contact:

Dr. Eyad Al Saleh

T: 965.6900.6682

E: r.jabbour@interconnect-ventures.com

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include statements about the Private Placement and its terms. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, the proposed use of proceeds for the Private Placement. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking statements.

The Exchange has not reviewed and has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.