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File: KBY News Release April 25 2017 AGM v3.docx

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Kona Bay Technologies Inc
Suite 1116, 207 W. Hastings Street, Vancouver, BC, CANADA V6B 1H7

For Immediate Release TSX Venture:  KBY
Kona Bay Technologies Announces Results of Annual General and Special Meeting 
April 25, 2017, Vancouver, British Columbia - Kona Bay Technologies Inc. (the "Company") announces the results from it
--->s annual and special meeting of shareholders, which was held on April 24, 2017. All matters put forth in the managemen
--->t information circular of the Company dated March 20, 2017, were passed. The circular is available for download under 
--->the Company's profile on SEDAR.
Shareholders represented in person or by proxy at the meeting elected Dickson Hall, Howard Louie, and Vincent Wong as 
--->directors of the Company for the ensuing year, and appointed DeVisser Gray LLP as the Company's external auditor.  In 
--->addition, shareholders represented in person or by proxy at the meeting approved and adopted the Company's stock optio
--->n plan.
Shareholders of the Company also unanimously approved the Company's plan of arrangement whereby the Company will spin 
--->out its online advertising business into Hapuna Ventures Inc. ("Hapuna") and its software as a service business into B
--->exar Ventures Inc. ("Bexar").  Each of Hapuna and Bexar will be independently publicly listed companies on completion 
--->of the arrangement. 
Under the arrangement, each shareholder of the Company will receive one share of the Hapuna and Bexar for each share o
--->f the Company held.  Full details of the arrangement are set forth in the Company's management information circular da
--->ted March 20, 2017.
The court hearing for the final order on the arrangement is expected to take place on April 28, 2017.  The Company con
--->tinues to expect the arrangement to close in the first half of 2017.  The arrangement is subject to customary conditio
--->ns and regulatory approvals.  
For further information, please contact Vincent Wong, President of the Company at investor.relations@konabaytech.com

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including,
---> without limitation, statements regarding future plans and objectives of Kona Bay Technologies Inc. - are forward-look
--->ing statements that are subject to various risks and uncertainties. Forward-looking statements are based on current ex
--->pectations and analyses, including the effects of anticipated product, service, and distribution changes and the poten
--->tial benefits of such efforts and activities on the Company's results of operations in future periods. There can be no
---> assurance that such statements will prove to be accurate; actual results and future events could differ materially fr
--->om those anticipated in such statements.
Neither 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 release.