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File: News Release - Early Warning -Velocity - May 3 2018 (00999052x9DEBD).pdf

 


                            KF BUSINESS VENTURES, LP
                                           10866 Wilshire Blvd.
                                       Los Angeles, California, 90024


                                           NEWS RELEASE

Vancouver, British Columbia,                                                                May 3, 2018

KF Business Ventures, LP ("KFBV") makes the following announcement in accordance with National
Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues.

KFBV advises that it has filed an early warning report in connection with the issuance by Velocity
Minerals Ltd. ("Velocity") to KFBV of 4,971,824 units ("Units") of Velocity on May 2, 2018; each Unit
consisting of one common share (the "Shares") and one-half of one common share purchase warrant
("Warrants"). The Units were acquired by KFBV pursuant to a previously disclosed non-brokered private
placement being undertaken by Velocity.

In addition, and also on May 2, 2018, Velocity granted 1,000,000 common share stock options (the
"Options") to Mr. Robert C. Kopple in connection with a consulting agreement between Velocity and
Mr. Kopple, pursuant to which Mr. Kopple will provide consulting services as a member of Velocity's
advisory board. Mr. Kopple may be considered a "joint actor" with KFBV in that he is the president of
the general partner of KFBV.

Velocity is a reporting issuer whose common shares are listed on the TSX Venture Exchange; having its
head office at Suite 2300 - 1177 West Hastings Street, Vancouver, BC.

Immediately before the issuance of the Units and Options, Mr. Kopple beneficially owned and controlled
3,028,176 Shares and 220,588 warrants in the capital of Velocity. As a result of the subscription of Units
by KFBV and the Options granted to Mr. Kopple, KFBV and Mr. Kopple beneficially own and control
8,000,000 Shares, 2,706,500 warrants, and 1,000,000 Options representing 11.80% (16.37% on partially
diluted basis) of the currently issued and outstanding common shares of Velocity.

Either KFBV or Mr. Kopple may acquire additional securities of Velocity, or may sell some or all of the
securities now held by them from time to time in the future, but neither has present intentions in either
regard. Similarly, neither presently has any plans or intentions to (a) undertake a corporate transaction,
such as a merger, reorganization or liquidation, involving Velocity or any of its subsidiaries; (b) sell or
transfer any other material assets to Velocity; or cause Velocity to sell or dispose of any of its material
assets; (c) change the board of directors or management of Velocity, including any plans or intentions to
change the number or term of directors or to fill any existing vacancy on its board; (d) effect a material
change in the present capitalization or dividend policy of Velocity; (e) effect a material change in
Velocity's business or corporate structure; (f) effect a change in Velocity's charter, bylaws or similar
instruments or another action which might impede the acquisition of control of Velocity by any person or
company; (g) cause any class of securities of Velocity to be delisted from, or cease to be authorized to be
quoted on, a marketplace; (h) cause Velocity to cease to be a reporting issuer in any jurisdiction of
Canada; (i) solicit proxies from securityholders; or (j) any action similar to any of those enumerated
above.


{00999052;1}                                          
  


A copy of the early warning report may be found under Velocity's profile on www.sedar.com.

       KF Business Ventures, LP

       "Robert C. Kopple"
       ________________________________
       Robert C. Kopple, President of
       Kopple Financial, Inc., General Partner


    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture
                          Exchange) accepts responsibility for the adequacy or accuracy of this release.




{00999052;1}                                                       
 

File: News Release - Early Warning -Velocity - May 3 2018 (00999052x9DEBD).docx

KF BUSINESS VENTURES, LP
10866 Wilshire Blvd. Los Angeles, California, 90024


NEWS RELEASE

Vancouver, British Columbia,  May 3, 2018 
KF Business Ventures, LP ("KFBV") makes the following announcement in accordance with National Instrument 62-103 The E
--->arly Warning System and Related Take Over Bids and Insider Reporting Issues. 
KFBV advises that it has filed an early warning report in connection with the issuance by Velocity Minerals Ltd. ("Vel
--->ocity") to KFBV of 4,971,824 units ("Units") of Velocity on May 2, 2018; each Unit consisting of one common share (the
---> "Shares") and one-half of one common share purchase warrant ("Warrants").  The Units were acquired by KFBV pursuant t
--->o a previously disclosed non-brokered private placement being undertaken by Velocity.  
In addition, and also on May 2, 2018, Velocity granted 1,000,000 common share stock options (the "Options") to Mr. Rob
--->ert C. Kopple in connection with a consulting agreement between Velocity and Mr. Kopple, pursuant to which Mr. Kopple 
--->will provide consulting services as a member of Velocity's advisory board.  Mr. Kopple may be considered a "joint acto
--->r" with KFBV in that he is the president of the general partner of KFBV.
Velocity is a reporting issuer whose common shares are listed on the TSX Venture Exchange; having its head office at S
--->uite 2300 - 1177 West Hastings Street, Vancouver, BC.
Immediately before the issuance of the Units and Options, Mr. Kopple beneficially owned and controlled 3,028,176 Share
--->s and 220,588 warrants in the capital of Velocity.  As a result of the subscription of Units by KFBV and the Options g
--->ranted to Mr. Kopple, KFBV and Mr. Kopple beneficially own and control 8,000,000 Shares, 2,706,500 warrants, and 1,000
--->,000 Options representing 11.80% (16.37% on partially diluted basis) of the currently issued and outstanding common sh
--->ares of Velocity.
Either KFBV or Mr. Kopple may acquire additional securities of Velocity, or may sell some or all of the securities now
---> held by them from time to time in the future, but neither has present intentions in either regard.  Similarly, neithe
--->r presently has any plans or intentions to (a) undertake a corporate transaction, such as a merger, reorganization or 
--->liquidation, involving Velocity or any of its subsidiaries; (b) sell or transfer any other material assets to Velocity
--->; or cause Velocity to sell or dispose of any of its material assets; (c) change the board of directors or management 
--->of Velocity, including any plans or intentions to change the number or term of directors or to fill any existing vacan
--->cy on its board; (d) effect a material change in the present capitalization or dividend policy of Velocity; (e) effect
---> a material change in Velocity's business or corporate structure; (f) effect a change in Velocity's charter, bylaws or
---> similar instruments or another action which might impede the acquisition of control of Velocity by any person or comp
--->any; (g) cause any class of securities of Velocity to be delisted from, or cease to be authorized to be quoted on, a m
--->arketplace; (h) cause Velocity to cease to be a reporting issuer in any jurisdiction of Canada; (i) solicit proxies fr
--->om securityholders; or (j) any action similar to any of those enumerated above.   
A copy of the early warning report may be found under Velocity's profile on www.sedar.com. 
KF Business Ventures, LP

"Robert C. Kopple"
________________________________
Robert C. Kopple, President of Kopple Financial, Inc., General Partner


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.