Ms. Judy Kalyan reports

BLACKICE ANNOUNCES PRIVATE PLACEMENT

BlackIce Enterprise Risk Management Inc. will be consolidating the company's share capital on a one new share for two old shares basis. The company also plans on concurrently completing a private placement of up to 25 million units at a price of 7.5 cents per unit. Each unit will consist of one share and one whole share purchase warrant exercisable at a price of 10 cents for a term of three years. The price of the private placement is based on the closing price of the shares on Oct. 6, 2017, of five cents postconsolidated 2 for 1 being 10 cents with a 25-per-cent discount, arriving at 7.5 cents per share. The shares issued pursuant to the private placement will contain the statutory four-month hold period from the date of issuance.

It is further anticipated that the two founders and key employees of BlackIce Enterprise, Judy Kalyan and Zayn Kalyan, will be participating in the private placement.

The proceeds of the private placement will be used to launch the BlackIce CECL SOLVE software-as-a-service marketing strategy in the United States, provide working capital, and development of the BlackIce ERA utilizing blockchain technology.

About BlackIce Enterprise Risk Management Inc.

BlackIce is a software technology and consulting firm, specializing in global enterprise risk management for the financial services industry. BlackIce software solutions are open-platform applications that deliver end-to-end data and analytical standards that meet international regulatory reporting and monitoring requirements.

We seek Safe Harbor.