Gunpowder Capital Corp. Releases Financial Results for Q3 2018

Toronto, Ontario–(Newsfile Corp. – November 30, 2018) – Gunpowder Capital Corp. (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N), (the “Corporation”) released today a summary of its financial results for the Three & Nine months ended September 30th, 2018. Key highlights include:

  • Total Revenue decreased to $ 159,981 CDN in Q3 2018 from $ 680,501 CDN in Q3 2018, representing a decrease of 76.5%.
  • Total Revenue for the Nine months ended September 30, 2018 decreased to $ 803,774 CDN from $ 1,029,876 CDN for the Nine months ended September 30, 2018, representing a decrease of 22%.
  • Total Assets increased to $ 8,052,915 CDN in Q3 2018 from $ 7,739,972 CDN in Q3 2017, representing an increase of 4%.
  • Net loss was -$ 313,589 CDN in Q3 2018 vs. a profit of $ 295,862 CDN in Q3 2017, representing a decrease of 206%.
  • Fully Diluted EPS was (-$0.02) for Q3 2018 vs. $0.00 for Q3 2017.

The Corporation’s Unaudited Consolidated Financial Statements and Management’s Discussion and Analysis for the Three & Nine months ended September 30th, 2018 have been posted on the Corporation’s SEDAR profile page which can be viewed by visiting www.sedar.com and on the Corporation’s website, which can be viewed by visiting www.gunpowdercapitalcorp.com.

Mr. Frank Kordy Stated: “Q3 of 2018 in comparison to Q3 of 2017 looks as if there was a regression however it should be noted that the revenue spike that occurred in Q3 of 2017 was heavily driven by the successful completion of one of our ‘go public’ assignments, and while we continue to build out recurring revenues, these large gains tied to our ‘go public’ assignments are expected to continue, and will add large quarterly spikes in revenue and profit when the ‘go public’ assignments are completed. With the removal of the revenue generated from the completed Q3 2017 ‘go public’ assignment, the Q3 2017 and Q3 2018 totals are fairly in-line with each other.”

Mr. Frank Kordy Added: “We are currently working on completing two ‘go public’ assignments which we anticipate will be completed in the near future. The first assignment we expect will be completed at some point towards the end of December 2018, however this assignment could carry over to the beginning of January 2019. Once this assignment is completed, Gunpowder will own approximately eight percent of the entity and we anticipate that the valuation of our ownership stake in this entity will be similar to the valuation that was recorded for our ‘go public’ client we recorded in Q3, 2017. The Second assignment, once successfully completed, is expected to increase the valuation of our current investment in that entity. As a result, we are anticipating a similar spike in revenue that occurred in Q3 of 2017 to occur again in either this current quarter, or in Q1 of 2019.”

About Gunpowder Capital Corp.

Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.

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Santa Ysabel Economic Development Corporation Engages Gunpowder Capital Corp.

Toronto, Ontario–(Newsfile Corp. – November 27, 2018) – Gunpowder Capital Corp. (CSE: GPC), (CSE: GPC.PR.A), (OTCQB: GNPWF), (FSE: YS6N), (“Gunpowder” or the “Corporation”) announced today that the Santa Ysabel Economic Development Corporation (“Santa Ysabel EDC”), a federally chartered “Section 17” corporation wholly owned by the Iipay Nation of Santa Ysabel (“Tribe”), has retained Gunpowder to act as financial advisor to the Santa Ysabel EDC and to assist it in completing a proposed “go public” transaction of its affiliate corporation Back Country Property Management, LLC (“BCPM”), a limited liability company organized under the laws of the Tribe.

BCPM is a cannabis products management company located on Tribal land within the state of California. BCPM currently manages cannabis grow and production operations on an approximately eight-acre footprint, with development plans for expansion.

Upon BCPM successfully listing its common shares onto a Canadian-based stock exchange, Gunpowder will receive a fee of five percent (5%) of all outstanding common shares of BCPM at the time of listing.

Mr. Paul Haber, Chief Financial Officer of Gunpowder, stated: “We are extremely pleased to have been selected by the Santa Ysabel EDC to manage the next stage in BCPM’s corporate development and growth. Being situated in California, the Santa Ysabel Tribe already has access to a huge market and we predict that the United Stated will eventually implement the legalization of cannabis nationwide. Should that happen, the Santa Ysabel EDC’s market will grow tremendously. We like the fact that the Santa Ysabel EDC is already diverse, as it manages the growth and development of a wide array of cannabis and hemp based products maximizing its outreach to potential customers.”

Mr. David Chelette, Vice Chairman of the Santa Ysabel EDC, stated: “The Back Country Property Management model is designed to allow for flexibility and growth in the dynamic cannabis market. Located on sovereign Tribal land, Back Country Property Management is a leader in the California tribal market and will have a huge business advantage in the larger, non-tribal market once cannabis is legalized on the federal level. Back Country Property Management looks forward to working with Gunpowder Capital to expand their business throughout Indian Country.”

About Back Country Property Management.

Back Country Property Management is a limited liability company organized under Tribal law by the Santa Ysabel Tribal Development Corporation, a wholly owned Tribal corporation. BCPM is headquartered on the Tribe’s reservation in Southern California. Following long-standing Native American traditions of healing with materials harvested from nature, BCPM is focused on developing and managing specialized cannabis-related businesses on Tribal land. The abundance of undeveloped Tribal land throughout California and the ideal growing conditions in the state create a perfect opportunity for a strong and competitive tribal cannabis market. BCPM currently manages an eight-acre complex located on Tribal land. This facility currently houses cultivation, manufacturing, research and development, and a green waste organic recycling project. In the coming months BCPM plans to nearly double the current working greenhouse cultivation space at the facility. In addition, the Company is launching a new line of edible products as well as increasing the number and variety of products produced at the facility.

About Gunpowder Capital Corp.

Gunpowder Capital Corp. is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com.

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Gunpowder Capital Corp., Provides An Update On BitBlox Technologies Inc.

Toronto, Ontario–(Newsfile Corp. – October 24, 2018) – Gunpowder Capital Corp., (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N) (“Gunpowder” or the “Corporation”) is very pleased to announce that it’s investee company, BitBlox Technologies Inc., (“BitBlox”), a leading-edge cryptocurrency technology company, that focuses on both the mining of cryptocurrencies and the development of next generation cryptocurrency technologies, has secured its primary hosting facility located in the Province of Quebec.

With its hosting facility now secured, BitBlox anticipates that within the next 30 days it will go live with its early stage release of their highly customized Proof of Concept (“POC”) Mining Rigs.

BitBlox’s early stage POC Mining Rigs have been built around a custom configured GPU mining card which has been highly optimized using advanced techniques by BitBlox. BitBlox’s advanced GPU card customization efforts along with the proprietary purpose built creation of dedicated mining rigs has already demonstrated in the BitBlox R&D labs an increase of hashing capability of approximately 20% over standard specifications, and a decrease of power consumption per GPU card of about 30%.

BitBlox’s advanced hardware, and software, customizations stand to position BitBlox Mining Rigs with better hashing capability than industry standard results while at the same time using less power than industry standards, therefore increasing revenue ability over competitors, and at the same time, decreasing the cost associated with delivering that mined revenue.

BitBlox has used current depressed crypto currency market averages to determine that even during this dip in the highly volatile market numbers and returns; BitBlox expects to see acceptable profitability numbers even on these early stage POC efforts.

In light of BitBlox now formally securing its hosting facility here in Canada with a very advantageous agreement for BitBlox along with substantiated metrics indicating profitability on even the early stage POC being turned up in a downturn market, Gunpowder Capital Corp., has increased its stake in BitBlox by loaning BitBlox Forty Thousand Dollars (“$40,000.00”) CDN at a rate of Eighteen Percent (18%) per annum. The loan has a term of Eighteen Months. Furthermore, as part of the terms of the loan agreement, BitBlox has issued Five Million (“5,000,000”) Common Shares of BitBlox to Gunpowder Capital Corp. As of the date of this press release, the issuance of the 5,000,000 BitBlox Common Shares to Gunpowder, has increased Gunpowder’s holdings in Bitblox to Fifteen Million (“15,000,000”) Common Shares which represents approximately an 19% ownership stake in the entity.

Mr. Ben Gelfand Director of BitBlox Technologies Inc., stated: “Our recent success in completing a contractual arrangement on facility here in Canada, that meets our current hosting needs, and at the same time allow us the ability to scale in a staged approach in the same facility is instrumental to us, maintaining a dedicated Canadian presence while at the same time benefitting from very competitive utility pricing and an overall facility value proposition that positions us to be profitable on our current mining efforts. Our belief, is that we can be profitable with our mining efforts in the current challenging marketplace only reinforces that we are well positioned to benefit from upward movement and positive changes in the same market. Gunpowder’s increase in stake with us further demonstrates that we have aligned with the right strategic investment partner that recognizes our potential.”

About BitBlox Technologies Inc.

BitBlox Technologies Inc. is building a high value cryptocurrency enterprise. BitBlox focuses on mining cryptocurrencies that offer the best return on investment at the time of mining, and offers value-added technology services for the cryptocurrency market, such as crypto-mining proprietary software. Offering a complete ecosystem of value-creation, BitBlox cryptocurrency mining will provide the basis for an innovative token product that is monetized according to mining profit margins. A percentage of these profits will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, BitBlox takes an approach that enables the company to scale, andrespond to changing conditions, within the still-emerging cryptocurrency industry. Part of a wave of emerging technologies, cryptocurrencies are indivisible from a new virtual economy that is powered in part by smart contract and other AI-based integrations. Cryptocurrency and value mining are central to this new paradigm. Taking a robust and diversified business approach, BitBlox Technologies Inc. is poised to capture value in successive phases as this industry continues to scale.

For more information please visit: www.bitbloxtechnologies.com

About Gunpowder Capital Corp.

Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com

For further information please contact:

Mr. Frank Kordy
CEO & Director                           
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Portland Investment Counsel Funds Win at 2018 Canadian Hedge Fund Awards

Burlington, Ontario–(Newsfile Corp. – October 18, 2018) – Portland Investment Counsel Inc. (“Portland”) is pleased to announce that it was the recipient of three awards at the 2018 Canadian Hedge Fund Awards, the highest honour in Canada’s hedge fund industry. The Annual Canadian Hedge Fund Awards celebrate the talent and accomplishments of Canada’s hedge fund industry and help investors identify the most exceptional hedge funds, recognizing winners in five categories.

207 Canadian hedge funds participated in the 2018 Canadian Hedge Fund Awards program and Portland is happy to announce that the following Portland funds were winners in three of the five categories:

Private Debt: Best 5 Year Return - 1st place Portland Private Income Fund

Private Debt: Best 5 Year Sharpe Ratio – 1st place Portland Private Income Fund

Equity Focused: Best 5 Year Return – 3rd place Portland Focused Plus Fund LP

“We are very humbled and honoured to have received the 2018 Canadian Hedge Fund Awards in the Equity Focused and Private Debt categories. The awards are a positive reinforcement that we are on the right track as a firm and represent Portland’s commitment to the creation and democratization of wealth for all wealth-seeking investors,” stated Portland Chief Investment Officer, Chris Wain-Lowe.

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About Portland
The Wealthy Invest Differently. Portland understands this and has made it their mission to provide all wealth-seeking investors with access to investment opportunities both within the public and private realm typically reserved for the world’s most wealthy and successful institutional investors. Portland invests in private equity, private debt, publicly traded equities and fixed income securities globally on behalf of retail and institutional clients. www.portlandic.ca.

About the Annual Canadian Hedge Fund Awards:
The Annual Canadian Hedge Fund Awards were first held in 2008 and have a two-fold objective: First, to celebrate the talent and accomplishments of Canada’s hedge fund industry, and second, to draw attention to Canada’s hedge funds by raising the awareness of that expertise in the media and among the wider investment community.

For further information contact:

Portland Investment Counsel Inc.
Diana Oddi, Director, Communications and Marketing
905-331-4250
doddi@portlandic.com

The awards are based solely on quantitative performance data to June 30th, 2018 with Fundata Canada managing the collection and tabulation of the data to determine the winners. There is no nomination process or subjective assessment in identifying the winning hedge funds. The Alternative Funds (the “Funds”) are not publicly offered. They are only available under Offering Memorandum and other exemptions to investors who meet certain eligibility or minimum purchase requirements such as “accredited investors”. Information herein pertaining to the Funds is solely for the purpose of providing information and is not to be construed as a public offering in any jurisdiction of Canada. The offering of Units of the Funds are made pursuant to an Offering Memorandum and the information contained herein is a summary only and is qualified by the more detailed information in the Offering Memorandum.

Commissions, trailing commissions, management fees and expenses all may be associated with investments. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemptions, distributions or optional charges or income taxes payable by any securityholder in respect of a participating fund that would have reduced returns. Funds are not guaranteed, their values change frequently and past performance may not be repeated.

The Manager believes that the following risks may impact performance of the LP: concentration, leverage, currency and exchange rate risk and equity risk. Please read the “Risk Factors” section in the Offering Memorandum for a more detailed discussion of the relevant risks.

Gunpowder Capital Corp., Raises $211,741.00 CDN via Non-Brokered Private Placement Raises

Toronto, Ontario–(Newsfile Corp. – October 17, 2018) – Gunpowder Capital Corp., (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N), (“Gunpowder” or the “Corporation”) announced today that it has closed the first and final tranche of its previously announced non-brokered private placement raise. In total One Hundred and Fifty-Four Thousand, Two Hundred and Forty-One Dollars (“$154,241,00”) CDN was raised in this tranche via the sale of Three Million, Eighty-Four Thousand, Eight Hundred and Twenty-Eight (“3,084,828”) Units at a price of Five Cents (“$0.05”) CDN per Unit. Each unit is comprised of one common share of the Corporation, and one common share purchase warrant. This placement was previously announced, via press release, back on August 24th, 2018.

Each whole warrant entitles the holder to acquire one common share of the Corporation for Seven and a Half Cents (“$0.075”) CDN for a period of 24 months from the closing date. All common shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws.

In connection with the closing of this private placement offering, Gunpowder Capital Corp., paid a finder’s fee totaling Twelve Thousand, Three Hundred and Thirty-Nine Dollars (“$12,339.00”) CDN in connection with certain subscriptions for the Corporation’s Units.

The Corporation also announced today that it has conducted, and that it has closed, a non-brokered private placement raise where Fifty-Seven Thousand, Five Hundred Dollars (“$57,700.00”) CDN was raised by issuing Five Thousand Seven Hundred and Fifty (“5,750”) of the Corporation’s “Class — A” Preferred Shares at a price of $10.00 CDN per share. The “Class – A” Preferred Shares will pay up to an 8% annual dividend to the holders of the preferred shares. The shareholders of the “Class — A” Preferred Shares will also see a 25% of after tax realized gains on any capital dispositions. No special voting rights will be granted to the holders of the “Class- A” Preferred Shares.

In connection with the closing of this “Class – A” Preferred Shares private placement offering, Gunpowder Capital Corp., paid a finder’s fee totaling Four Thousand, Six Hundred Dollars (“$4,600.00”) CDN in connection with certain subscriptions for the Corporation’s this “Class – A” Preferred Shares.

The Corporation has entered into a debt settlement agreement where the Corporation will issue Five Hundred Thousand (“500,000”)

common shares at a deemed price of Five Cents (“$0.05”) CDN per common share, to settle Twenty-Five Thousand Dollars (“$25,000.00”) CDN of debt due to one creditor. All shares issued in the debt settlement agreement will be subject to a four month plus one day hold period under applicable Canadian securities laws. All proceeds from the two financings will be used for general working capital purposes. As of the date of issuance of this press release, the Corporation now has 35,095,084 common shares outstanding and 473,020 Class — A Preferred shares outstanding.

About Gunpowder Capital Corp.

Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com.

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Viribus Structural Connectors Inc. Engages Gunpowder Capital Corp.

Toronto, Ontario–(Newsfile Corp. – October 11, 2018) – Gunpowder Capital Corp. (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N) (“Gunpowder” or the “Corporation”) announced today that Viribus Structural Connectors Inc., (“Viribus”) has retained Gunpowder to act as financial advisor to Viribus and to assist Viribus in its proposed “go public” transaction.

As compensation to Gunpowder for the services Gunpowder will provide Viribus in both the financial advisory and “go public” endeavors, Viribus will immediately pay Gunpowder a one-time advisory fee of Thirty Thousand Dollars (“$30,000.00”) CDN. In addition, Viribus will also issue Two Hundred Thousand Dollars (“$200,000.00”) CDN worth of Viribus Common Shares to Gunpowder. The Viribus Common Shares shall be issued to Gunpowder upon completion of Viribus being listed onto a Canadian based Stock Exchange.

Mr. Paul Haber Stated: “We are extremely pleased to have been selected by Viribus to manage the next stage in Viribus’ corporate development and growth.”

Mr. Patrick Dunn, CEO of Viribus Structural Connectors Inc., added: “We look forward to listing Viribus as quickly as possible onto a Canadian based stock exchange and we look forward with working with the Gunpowder team in commencing this process. We are very optimistic that Viribus could be listed onto a Canadian based stock exchange by the end of Q2 in 2019.”

About Viribus Structural Connectors Inc.

Viribus Structural Connectors Inc., offers an innovative and proprietary structural, seismic and interlocking universal steel bracing system for both dimensional and engineered I-joist construction. We use a proprietary method of manufacturing and distribution producing your order locally. This allows us to provide fast delivery of small to large orders. Alliance Structural Product Sales Corp. was founded in British Columbia and is proud to provide products across the country making our homes and buildings safer. For more information please visit www.structurelock.com.

About Gunpowder Capital Corp.

Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com.

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp. 
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com 

Mr. Patrick Dunn
CEO & Director
Viribus Structural Connectors Inc.
T: (778) 558-9166
E: patrick@structurelock.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Gunpowder Capital Corp., Acquires Alpha Invoice www.alphainvoice.com

Toronto, Ontario–(Newsfile Corp. – October 10, 2018) – Gunpowder Capital Corp., (CSE: GPC), (CSE: GPC.PR.A), (OTCQB: GNPWF), (FSE: YS6N), (“Gunpowder” or the “Corporation”) announced today that the Corporation’s wholly owned subsidiary, GP Financial Services Corp., has acquired Alpha Invoice Inc. (“Alpha”) an online portal providing short term financing solutions to business by factoring invoices.

Alpha has an existing customer base and had unaudited revenues of approximately Three Hundred Thousand Dollars (“$300,000.00”) CDN last year.

Mr. Paul Haber Stated: “Small businesses most often need short-term loans instead of long-term debt financing. Most term loans, classified as short-term, usually have a maturity of one year or less. Alpha Invoice factoring loans with short maturities can help businesses meet an immediate need for financing. We feel that the acquisition of this portal will serve as a very useful tool in expanding our current loan portfolio and will assist in growing GP Financial Services Corp.”

Total consideration paid for this acquisition was Five Thousand Dollars (“$5,000.00”) CDN.

About Alpha Invoice

When businesses have to wait 30 to 120 days to get paid for the work that they have done from existing customers it may put strain on new & current business as well day to day operations. Alpha Invoice provides them with instant cash flow by purchasing the very invoices they are waiting for from their customer base. As a Factor, Alpha Invoice helps small to medium businesses bridge their cash flow challenges when they sell their goods and services to large credit worthy customers but must wait 30 to 120 days to get paid. Alpha Invoice buys their invoices (credit receivables), at a discount, and provides immediate financing.. For more information please visit www.alphainvoice.com.

About Gunpowder Capital Corp.

Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com.

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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