Received by email:

File: SSC - Press Release announcing shares for debt (May 2018).DOCX

Not for Dissemination in the United States or to U.S. Persons
Smartcool Announces Shares for Debt


Vancouver, B.C., May 22, 2018, Ted Konyi, CEO, SmartCool Systems Inc. (TSXV: SSC OTC: SSCFF) ("Smartcool Canada" or th
--->e "Company") announces that it has reached agreement with two creditors, one of whom is a director of and consultant t
--->o the Company and the other an arms-length lender (collectively the "Creditors") pursuant to which the Company will se
--->ttle outstanding debt in the aggregate amount of $115,366.90 in exchange for the issuance of an aggregate of 1,857,338
---> common shares of the Company to the Creditors at a price of $0.05 per share. This debt settlement is subject to the a
--->pproval of the TSX Venture Exchange.

About Smartcool 
Smartcool Systems Inc. (TSX-V: SSC OTC: SSCFF FSE: R3W) provides cutting edge energy efficient and energy cost reducti
--->on solutions for businesses around the world.  The ECO3, ESM and ECOHome are Smartcool's unique retrofit technologies 
--->that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40
--->%.


For further information 
WEB www.smartcool.net and www.smartcooleco3.com  EMAIL info@smartcool.net 

Investor inquiries
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632 EMAIL mike.kordysz@smartcool.net 



Legal Notice Regarding Forward Looking Statements


Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accur
--->acy of this release.