Mr. Peter Montross reports

VENZEE TECHNOLOGIES INC. ANNOUNCES ISSUANCE OF PROMISSORY NOTE

Venzee Technologies Inc. has obtained short-term financing from one of the company's insiders and directors pursuant to the terms of a $100,000 principal amount promissory note of the company. The note is payable three years from the date of issuance and bears interest at a rate of 8 per cent per annum. The company intends to use the funds from the note for general working capital purposes.

The issuance of the note to the lender is considered a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company intends to rely on exemptions from the formal valuation and minority approval requirements in sections 5.5(b) and 5.7(e) of MI 61-101 in respect of such insider participation. In connection with its reliance on the financial hardship exemption under Section 5.7(e) of MI 61-101, management and the board of directors of the company have determined, acting in good faith, that: (i) the company is in serious financial difficulty; (ii) the note is designed to improve the financial condition of the company; and (iii) the terms of the note are reasonable in the company's current circumstances.

About Venzee Technologies Inc.

Venzee unlocks shareholder value by carrying out its mission to create intelligent technology that removes friction from the global supply chain. Its Mesh Connector product disrupts and displaces inefficient manual processes in favour of integrated, machine-driven solutions.

We seek Safe Harbor.