Mr. Brian Kalish reports

XIGEM TECHNOLOGIES ANNOUNCES INTENTION TO ISSUE SHARES PURSUANT TO DEBT SETTLEMENT AND PRIVATE PLACEMENT

Xigem Technologies Corp. intends to enter into agreements with certain of its creditors to issue common shares to such creditors in exchange for outstanding accounts payable owing to certain creditors. The settlement shares will be issued at a price of three cents, in accordance with the policies of the Canadian Securities Exchange (the CSE). Creditors include but are not limited to insiders of the company. The company will be completing the shares for debt transaction to improve its financial position in an effort to support its planned future growth.

Further, the company may issue shares pursuant to a private placement at a price of three cents per unit. Each unit would consist of one common share of the company and one whole warrant entitling the holder of each warrant to purchase a common share of the company at a price of six cents for up to 24 months. The private placement shares would be issued in accordance with the policies of the CSE. private placement shares may be issued to certain insiders of the company.

All settlement shares and private placement shares will be subject to a four-month-and-one-day hold period. The shares for debt transaction and the issuance of private placement shares, if any, remains subject to CSE acceptance. No new control person of the company will be created pursuant to the shares for debt transaction or the issuance of private placement shares, if any. The company intends to rely upon certain exemptions from the valuation and security holder approval requirements of MI 61-101 and will provide full details in any closing press release.

About Xigem Technologies Corp.

Established in Toronto, Ont., Xigem is positioned to become a leading technology provider for the emerging near trillion-dollar remote economy, with software capable of improving the capacity, productivity and overall remote operations for businesses, consumers and other organizations. iAgent, the company's patented technology, FOOi, its proprietary peer-to-peer mobile payments app, and Echodigital, an AI-powered SaaS automotive shopping platform, are intended to provide organizations, businesses and consumers with the tools necessary to thrive in a vast array of remote working, learning, shopping and treatment environments, while the company looks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.

We seek Safe Harbor.