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NEWS RELEASE
Venzee Announces Intention to Complete Private Placement for $850,000

Vancouver, BC - January 29, 2020 -  HYPERLINK "http://www.venzee.com/"      HYPERLINK "http://www.venzee.com/"  Venzee
---> Technologies Inc . (TSX-V:VENZ) ("Venzee" or the "Company") intends to complete a non-brokered private placement of u
--->nits of the Company ("Units") at a price of $0.05 per Unit, for aggregate gross proceeds to the Company of $850,000 (t
--->he "Offering"). 

Each Unit is expected to be comprised of one common share of the Company ("Common Share") and one common share purchas
--->e warrant ("Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of $0.10 per Comm
--->on Share at any time up to 36 months following the closing date of the Offering. The Warrants will also be subject to 
--->an acceleration clause whereby, in the event the volume weighted average trading price of the Common Shares on the TSX
---> Venture Exchange ("TSXV") is equal to or greater than $0.20 for a period of 10 days, the Company will have the right 
--->to accelerate the maturity date of the Warrants to a date that is 30 days from the date the Company issues a press rel
--->ease stating its intention to accelerate the expiry date of the Warrants.

In connection with the Offering, the Company intends to pay finders' fees to certain registered brokerage firms, compr
--->ising in the cash payment equal to 7% of the gross proceeds raised by purchasers introduced by such brokers, and in th
--->e issuance of non-transferable compensation warrants equal to 7% of the number of Units purchased by purchasers introd
--->uced by such brokers. Such compensation warrants will be issued on substantially the same terms and conditions as the 
--->Warrants. 

The net proceeds received by the Company from the Offering are expected to be used for general working capital purpose
--->s, further advancing the Company's channel partnership business model. 

Subject to customary closing conditions, including the approval of the TSXV, the Offering is expected to close on or a
--->bout January 31, 2020. However, there is no assurance that the Company will complete the Offering upon the terms set o
--->ut above, or at all.

About Venzee
Venzee is an intelligent content distribution solution that eliminates inefficiencies in the digital supply chain by d
--->elivering consumer-ready product information to retailers via a peer-to-peer network. Powered by our core technology, 
--->Mesh, Venzee automates content exchange workflows that increase margins and accelerates revenue. Through a suite of pr
--->oducts, we provide customized solutions for enterprises of all sizes, meeting each client's desired level of sophistic
--->ation and automation.
 
Venzee operates as a Software as a Service (SaaS) platform, allowing flexibility for enterprise customers of all sizes
---> wishing to improve their digital supply chain solutions. To learn more about Venzee, visit   HYPERLINK "https://venze
--->e.us12.list-manage.com/track/click?u=d9dfb324c944f7c75f28cf929&id=8cffc0ed4d&e=54ee4e5a44"  https://venzee.com/ .


On Behalf of the Board,
John Abrams, President and CEO
  HYPERLINK "mailto:john@venzee.com"  john@venzee.com 
 
Venzee, Investor Relations
Caleb Jeffries Kin Communications Inc. 1-866-684-6730   HYPERLINK "mailto:VENZ@kincommunications.com"  VENZ@kincommuni
--->cations.com 

Forward-Looking Information 
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legisla
--->tion. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offerin
--->g, the completion of the Offering and the expected use of the net proceeds received by the Company. Generally, forward
--->-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does n
--->ot expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anti
--->cipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may"
--->, "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to kn
--->own and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performan
--->ce or achievements of the Company to be materially different from those expressed or implied by such forward-looking i
--->nformation, including but not limited to: general business, economic, competitive, geopolitical and social uncertainti
--->es; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained unde
--->r "Risk Factors and Uncertainties" in the Company's management's discussion and analysis for the year ended December 3
--->1, 2018 and the quarter ended September 30, 2019, which are available under the Company's SEDAR profile at www.sedar.c
--->om, and in other filings that the Company has made and may make with applicable securities authorities in the future. 
--->Although the Company has attempted to identify important factors that could cause actual results to differ materially 
--->from those contained in forward-looking information, there may be other factors that cause results not to be as antici
--->pated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual res
--->ults and future events could differ materially from those anticipated in such statements. Accordingly, readers should 
--->not place undue reliance on forward-looking information. The forward-looking information contained in this news releas
--->e is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any fo
--->rward-looking information, except as required by applicable securities laws. 

Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsib
--->ility for the adequacy or accuracy of this release Created with an evaluation copy of Aspose.Words. To discover the fu
--->ll versions of our APIs please visit: https://products.aspose.com/words/