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File: KBY News Release Aug 28 2018 Q3 Financial Results.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 Quarterly Financial Results and Private Placement
August 28, 2018, Vancouver, British Columbia - Kona Bay Technologies Inc. (the "Company") announces its unaudited fina
--->ncial results for the quarter ended June 30, 2018.  Results are in Canadian dollars and were prepared in accordance wi
--->th International Financial Reporting Standards.


 Three Months Ended June 30, 2018
 Three Months Ended June 30, 2017
 
 Sales
 $50,785
 $31,681
 
 Net income (loss) before other items
 $(47,665)
 $(90,466)
 
 Net income (loss) from continuing operations
 $(15,735)
 $(74,465)
 
 Net income
 $(15,735)
 $(72,885)
 
 Earnings (loss) per share from continuing operations
 $(0.00)
 $(0.02)
 
 The unaudited consolidated financial statements and Management Discussion and Analysis for the quarter ended June 30,
---> 2018 are available at www.sedar.com.
The Company also announces a proposed private placement of up to 2,500,000 Units (the "Units") at a price of $0.12 per
---> Unit for gross proceeds of $300,000 (the "Offering"). Each Unit will comprise one common share of the Company and one
---> common share purchase warrant entitling the holder to purchase one additional common share at $0.16 per share for a p
--->eriod of one year from the date of the issue.
The Company intends to use the gross proceeds of the Offering for general working capital. The Offering is subject to 
--->the prior approval of the TSX Venture Exchange.
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.