Mr. Clayton Moore reports

NETCENTS TECHNOLOGY PROVIDES MCTO UPDATE

NetCents Technology Inc. has provided an update with respect to the previously announced management cease trade order issued by the British Columbia Securities Commission on March 4, 2020. The MCTO as issued in connection with the delay by the Company in filing its annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended October 31, 2019 (collectively, the "Required Filings") before the prescribed deadline of February 28, 2020.

The Company has been working closely with the auditor and expects to file its annual audited financial statements for the year ended October 31, 2019 by May 29, 2020. While the Company has been working with the auditors to complete the audit, we have also stated work on our SOC 2 Compliance report. We have currently completed the initial phase one of the report for our merchant gateway.

Once the audited financial statements have been filed for the year ended October 31, 2019, the Company's interim financial statements for January 31, 2020 will be filed shortly thereafter. The financial statements for the six months ended April 30, 2020 will be filed before its deadline of June 29, 2020.

The Company is providing this status update in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default. The Company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on March 4, 2020 and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

About NetCents

NetCents Technology Inc, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

We seek Safe Harbor.