Mr. John Abrams reports

VENZEE ANNOUNCES INTENTION TO COMPLETE PRIVATE PLACEMENT FOR $850,000

Venzee Technologies Inc. intends to complete a non-brokered private placement of units of the company at a price of five cents per unit for aggregate gross proceeds to the company of $850,000.

Each unit is expected to comprise one common share of the company and one common share purchase warrant, with each warrant being exercisable for one common share at an exercise price of 10 cents per common 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 is equal to or greater than 20 cents 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 release 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, comprising a cash payment equal to 7 per cent of the gross proceeds raised by purchasers introduced by such brokers and the issuance of non-transferable compensation warrants equal to 7 per cent of the number of units purchased by purchasers introduced 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 purposes, further advancing the company's channel partnership business model.

Subject to customary closing conditions, including the approval of the TSX Venture Exchange, the offering is expected to close on or about Jan. 31, 2020. However, there is no assurance that the company will complete the offering upon the terms set out above, or at all.

About Venzee Technologies Inc.

Venzee is an intelligent content distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers via a peer-to-peer network.

We seek Safe Harbor.