Mr. Andrew Lau reports

SMITHE RESOURCES CORP. ANNOUNCES TERMINATION OF LETTER OF INTENT WITH MEETAMI INNOVATIONS INC.

Smithe Resources Corp. has terminated the letter of intent relating to Smithe's proposed acquisition of MeetAmi Innovations Inc. The parties have determined not to proceed with the transaction as a result of current market conditions. The parties have no further obligations under the letter of intent, except that $25,000 remains owing by MeetAmi to Smithe in respect of an initial advance made in connection with the transaction.

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