Mr. Marcel de Groot reports

LEVEL 14 VENTURES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Level 14 Ventures Ltd. intends to complete a non-brokered private placement pursuant to the listed issuer financing exemption (LIFE) of National Instrument 45-106, Prospectus Exemptions, to raise gross proceeds of up to $5-million from the sale of up to 33,333,333 units at a price of 15 cents per unit. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of 30 cents for a period of five years following the issuance of the units. The company will use the gross proceeds of the private placement for furthering the exploration work on the company's Colpayoc project in Peru and working capital.

Subject to compliance with applicable regulatory requirements, the private placement is being made to purchasers resident in Canada, except Quebec, pursuant to the LIFE under Part 5A of NI 45-106. The securities issued under the private placement will not be subject to a hold period in accordance with applicable Canadian securities laws.

There is an offering document related to this offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

Certain directors and officers of the company will participate in the private placement. As a result, the private placement is expected to be a related party transaction subject to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The private placement will be exempt from the formal valuation requirements of MI 61-101 pursuant to Subsection 5.5(b) of MI-61-101 because the common shares are listed only on the Canadian Securities Exchange and is exempt from the minority shareholder approval requirements of MI 61-101 pursuant to Subsection 5.7(1)(a) of MI 61-101 because neither the fair market value of the units to be issued to related parties nor the consideration to be paid by related parties pursuant to the private placement is expected to exceed 25 per cent of the company's market capitalization as determined in accordance with MI 61-101.

Closing of the private placement is subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the CSE. The company may pay finders' fees in connection with the private placement and in accordance with the policies of the CSE.

About Level 14 Ventures Ltd.

Level 14 is an exploration-stage mining company with a focus on copper and gold, with an option to acquire 100 per cent of the Colpayoc property in Peru. Colpayoc has significant, untested potential for a copper-gold (Cu-Au) porphyry at depth beneath drill holes bottoming in copper-gold sulphide mineralization. Colpayoc is largely untested with limited drilling and is similar to many of the world-class porphyry copper-gold deposits within this prolific belt. Level 14 continues to evaluate opportunities in the mineral sector on a continuing basis.

We seek Safe Harbor.