Mr. Brian Kalish reports

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

Xigem Technologies Corp. plans 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 totalling $160,000. The settlement shares would be issued at a price of five cents, in accordance with the policies of the Canadian Securities Exchange. Creditors may include, but are not limited to, insiders of the company. Any completion of the shares for debt transaction by the company would be in an effort to improve its financial position to support its planned future growth.

Further, the company plans to raise up to $230,000 by way of a private placement at a price of 4.2 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 6.5 cents for up to 24 months. The private placement shares would, if issued, be done so in accordance with the policies of the CSE. The private placement shares may be issued to certain insiders of the company.

All settlement shares (if issued) and private placement shares (if issued) will be subject to a four-month-and-one-day hold period. The planned shares for debt transaction and the planned issuance of private placement shares would be subject to CSE acceptance. No new control person of the company will be created pursuant to any planned shares for debt transaction and/or any planned issuance of private placement shares. The company would rely upon certain exemptions from the valuation and securityholder approval requirements of Multilateral Instrument 61-101 and will provide full details in any closing press release.

About Xigem Technologies Corp.

Established in Toronto, Ont., Xigem is positioning itself 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 payment app, and EchoDigital, a software-as-a-service (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 as the company looks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.

We seek Safe Harbor.