Iconic Receives Metallurgical Phase 2 Testing Update from St-Georges Eco-Mining Corp. for Bonnie Claire Lithium Project, Nevada

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2019) – Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) is pleased to announce that it has received an update from St-Georges Eco-Mining Corp. (“St-Georges”) regarding Phase 2 metallurgical testing of the lithium-rich sediments (the “Sediments”) from Iconic’s Bonnie Claire lithium deposit in Nevada.

St-Georges’ metallurgists report that they have successfully improved the concentration of lithium in the Sediments, originally reported in December (refer to news release December 20, 2018) using mechanical separation and selective leaching of other elements within the Sediments. The additional tests St-Georges completed in Stage 2, through selective leaching methods, have improved the elimination of barren material from 55% to 85%-88%, while retaining 100% of the lithium. Upon completion approximately 12% to 15% of the original material remains for further processing and purification. This process may significantly reduce the cost of production.

St-Georges is proceeding with the next stage of tests within Phase 2, where it hopes to improve the leaching selectivity. Iconic looks forward to receiving further metallurgical results from St Georges.

The Bonnie Claire Lithium Property Characteristics:

The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

On behalf of the Board of Directors

SIGNED: “Richard Kern

Richard Kern, President and CEO
Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

For further information on ICM, please visit our website at www.iconicminerals.com
The Company’s public documents may be accessed at www.sedar.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Blocplay Entertainment Provides Status Update

Toronto, Ontario–(Newsfile Corp. – January 16, 2019) – Blocplay Entertainment Inc. (CSE: PLAY) (the “Company“) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203“).

On November 23, 2018, the Company announced (the “Default Announcement“) that it had not filed its interim financial statements and management discussion and analysis for the nine-month period ended September 30, 2018, together with the related certification of filings under National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Continuous Disclosure Documents“) by the prescribed deadline of November 29, 2018.

The Company anticipates that the Continuous Disclosure Documents will be filed on or before February 1, 2019. The Company will continue to provide bi-weekly updates, as contemplated by NP 12-203, until the Continuous Disclosure Documents have been filed. In the event that the Company does not file the Continuous Disclosure Documents by February 1, 2019, the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Company. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

For further information, please contact:

Blocplay Entertainment Inc.
Tel: 647-776-1209
Email: investors.blocplay@gmail.com

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking information that involve substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

Sojourn Exploration Inc. Signs Non-Binding Letter of Intent to Sell Willoughby Property to Strikepoint Gold Inc.

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2019) – Sojourn Exploration Inc. (TSXV: SOJ) (OTC Pink: SJRNF) (“Sojourn“) is pleased to announce the signing of a non-binding letter of intent with Strikepoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“Strikepoint“) respecting the potential acquisition by Strikepoint of 100% of Sojourn’s Willoughby Property (the “Property“). The Property is situated about 30 kilometers east of Stewart, British Columbia in the province’s famed Golden Triangle. The terms of proposed transaction set out in the letter of intent (the “Proposed Transaction“) include:

  • Strikepoint will acquire 100% of the Property;
  • Strikepoint will make a cash payment to Sojourn of CAD$85,000;
  • Strikepoint will issue 3,000,000 common shares to Sojourn;
  • Sojourn will retain a 1.5% net smelter return royalty, which can reduced by Strikepoint to 0.5% for an additional cash payment of $1,000,000.
  • Payment to Sojourn of a non-refundable deposit of $10,000.

Sojourn President & CEO Tyler Ruks commented: “The Proposed Transaction will provide Sojourn with a significant share position in Strikepoint and a royalty on the Willoughby project. This will provide Sojourn shareholders with exposure not only to exploration upside at Willoughby, but to Strikepoint’s entire project portfolio, which includes exciting high grade precious metals properties in BC’s Golden Triangle, and throughout the Yukon. The Strikepoint team has a track record of discovery, wealth creation for shareholders, and significant prior exploration experience with Willoughby. We are confident that the Strikepoint team will make exciting discoveries that will benefit Sojourn shareholders.”

The Proposed Transaction is subject to a number of conditions including: the parties entering into a binding definitive agreement containing customary representations and warranties for a transaction of this nature, approval of Sojourn’s board of directors, completion of satisfactory due diligence, and receipt of all necessary regulatory approvals including approval of the TSX Venture Exchange.

It is anticipated that the Proposed Transaction will close on or around March 15, 2019.

For further information please contact: Tyler Ruks, President and CEO at +1 (604) 638 3695

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.

Benz Delays AGM

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2019) – Benz Mining Corp. (TSXV: BZ) (the “Company” or “Benz”) announces that it has requested a second and final extension from the B.C. Registrar of Companies to postpone its annual general meeting. Benz’s last annual general and special meeting was held on May 5, 2017, and the Company’s second extension granted by the B.C. Registrar of Companies expires August 5, 2019.

Further to the termination of the reverse takeover with Fox Automotive Switzerland AG, Benz is undergoing a comprehensive review of strategic alternatives and as a result Benz feels it would be prudent to delay the meeting until the conclusion of such review. The Company will update shareholders of the meeting date as soon as it is able to do so.

Benz does not currently meet the requirements of TSXV Policy 3.1 “Directors, Officers, Other Insiders and Personnel and Corporate Governance” section 21(b) which requires that Benz’s audit committee be comprised of at least three (3) directors, the majority of which must be independent. Currently, the audit committee members are Gordon F. Bub and Ronald A. Hall, both are independent. Benz expects to rectify this matter at its next annual general meeting.

About Benz

Benz is a Vancouver based mineral company publicly listed on the TSX Venture Exchange. It is focused on acquiring and developing mineral base and precious metal assets in safe jurisdictions.

On behalf of the Board of Directors of Benz Mining Corp.

Miloje Vicentijevic, President and Chief Executive Officer

For more information please contact Benz Mining Corp.
Telephone: 604.617.1239 Email: info@benzmining.com

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Benz Mining Corp. The forward-looking information is based on certain key expectations and assumptions made by the Company’s management. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Reservoir Capital Corp. Receives First US$ Dividend

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2019) – Reservoir Capital Corp. (CSE: REO) (“REO“) is pleased to announce that its subsidiary, Kainji Power Holding Limited (“KPHL“) has received on January 16, 2019 a new interim dividend of US$219,639 in respect of Mainstream Energy Solutions Limited’s (“MESL“) 2018 accounting year. This dividend constitutes the first revenue for REO since the completion of the KPHL transaction (see news release dated September 21, 2018).

CEO Lewis Reford commented, “Receipt of this dividend validates the premise of our 2018 transaction, through which REO swapped 158.1 million new shares valued at approximately US$7.4 million to acquire a toehold stake in one of Africa’s leading clean power generators, by providing our company with the first quality asset and cash flow needed to advance our vision.”

KPHL is a single-purpose entity that holds a minority interest in MESL, concessionaire of two leading Nigerian hydro power plants located at Kainji and Jebba on the Niger River with an operating capacity of 922MW. Through its interest in KPHL, REO currently nets approximately 12MW of operating capacity.

About Reservoir Capital Corp.

REO’s Vision & Mission is to assemble a portfolio of producing or near-production clean energy assets in emerging markets.

REO’s strategy to achieve its Vision is to approach owners of privately-held quality assets and offer their investors diversification, liquidity and exposure to our growing portfolio of assets following a disciplined investment policy.

REO’s investment policy consists of taking carefully selected minority economic interests in key geographies, targeting regular dividend income over long periods, while offering the potential for capital gain in the medium term.

Further Information

Investors are cautioned that trading in the securities of REO should be considered highly speculative. Additional information on these and other factors that could affect the operations or financial results of REO are included in REO’s CSE Listing Statement and most recently filed quarterly report, each of which is filed with applicable Canadian securities regulators and may be accessed through the SEDAR website (www.sedar.com). The CSE have neither approved nor disapproved the contents of this news release.

For any clarification, contact:

Lewis Reford – CEO of Reservoir Capital Corp.
Telephone: 416-399-2274
Email: ceo@reservoircap.team

NEITHER THE CSE NOR THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Great Bear Drills 1,600 g/t Gold over 0.70 m at 150 m Depth in Hinge Zone, Dixie Project (51.29 ounces per tonne over 2.30 feet)

Vancouver, British Columbia–(Newsfile Corp. – January 16, 2019) – Great Bear Resources (TSXV: GBR) (the “Company” or “Great Bear”) today reported drill results from the Hinge Zone (“DHZ”) and South Limb Zone (“DSL”) at its 100% owned Dixie Project in the Red Lake District of Ontario. Results include 1,602.73 g/t gold over 0.70 metres (approximate true width) at 150 metres vertical depth. An image of the gold mineralization in DHZ-014 is shown in Figure 1.

Figure 1: Image of 1,602.73 g/t (51.29 ounces per tonne) gold in Hinge Zone drill hole DHZ-014. The image is selective and is not representative of the gold mineralization hosted on the property.

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To view an enhanced version of this Figure 1, please visit:
https://orders.newsfilecorp.com/files/5331/42231_6696894dc44bf92d_002full.jpg

Chris Taylor, President and CEO of Great Bear said: “Our Hinge and South Limb Zone are part of a continuous gold vein system which is interpreted to extend along 300 metres in strike length and has been drill tested to a depth of 212 metres. The zone remains open in all directions and occurs immediately south of a regional east-west trending D2 fold hinge and associated structures which extends for approximately 10 kilometres into undrilled areas. For comparison, the Red Lake-Campbell complex (Red Lake Gold Mine) also occurs proximal to a regional D2 fold where shear zones developed and acted as primary hydrothermal fluid conduits, across a 3.2 kilometre by 2.2 kilometre area. Great Bear’s 2019 drill program is fully funded, and results will continue to be released regularly in batches as the program progresses.”

Hinge zone hole DHZ-014 intersected a 10.1 metre wide vein zone (approximate true width). Visible gold was observed at both its upper and lower contacts (Table 1). The vein zone is part of the larger Hinge/South Limb vein system, which parallels an ultramafic unit and deep-seated fault at the centre of the Dixie gold system (Figure 2). The DSL/DHZ vein system has been intersected in 28 drill holes across 300 metres of strike length to-date and is open along strike and at depth. The D2 fold axis that appears to be a significant gold control has been traced through geophysical methods across more than 10 kilometres of strike length. DHZ-014 was drilled to test Great Bear’s 3D vein model, which accurately predicted veining would be present within 15 metres of the actual intercept.

Table 1: Detailed assay results including both metric and imperial units from across the complete mineralized zone in Hinge zone drill hole DHZ-014. Interval begins at 150 metres vertical depth.

Drill Hole From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Gold
(oz/t)
Width*
(ft)
DHZ-014 top contact 176.50 177.00 0.50 58.40 1.87 1.64
180.70 186.60 5.90 190.78 6.11 19.36
vein interval 181.80 185.10 3.30 340.90 10.91 10.83
lower contact 183.90 185.10 1.20 935.64 29.94 3.94
including 184.40 185.10 0.70 1602.73 51.29 2.30

 * width is determined to be 95-100% of true width based on intersection points of the drill hole intercept with the geological model and oriented drill core data. Complete assays of zone below in Table 3.

Other results include additional gold intervals from previously reported Hinge and South Limb drill holes (see news release of December 12, 2018), identified during assaying of the entire drill holes, and are provided in Table 2. 8 of 19 drill holes completed in December 2018 across 220 metres strike length of the South Limb and Hinge zones intersected intervals of greater than 15 g/t gold.

Table 2: Additional gold intervals from drill holes previously released by Great Bear from the Hinge and South Limb Zones. Original results were provided on December 12, 2018.

Drill Hole From
(m)
To
(m)
Width
(m)
Gold
(g/t)
Vertical
Depth
(m)
Zone
DHZ-012 275.60 277.60 2.00 2.73 223 Hinge
including 275.60 276.15 0.55 6.02
DSL-014 100.50 102.00 1.50 4.16 81 South Limb
and 163.50 166.50 3.00 4.85 132
including 164.50 166.50 2.00 7.17
and including 164.50 165.50 1.00 13.33
and including 164.50 165.00 0.50 25.82
DSL-015 165.85 170.80 4.95 1.21 156 South Limb
including 169.50 170.30 0.80 5.45
and 173.00 173.50 0.50 9.33

 * width is determined to be 95-100% of true width based on intersection points of the drill hole intercept with the geological model and oriented drill core data.

A cross section through the Hinge Zone is shown on Figure 2. A map showing the Dixie gold zones and current drill results is shown on Figure 3. A long section through the South Limb and Hinge zones is shown on Figure 4. All assays received from the mineralized zone in DHZ-014 and a description of the observed geology are provided in Table 3.

Figure 2: Cross section of Hinge Zone showing central ultramafic and adjacent drill results to-date. Dixie Limb Zone is located to the right of this image and also parallels the central ultramafic.

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Figure 3: Plan map of the Dixie Gold System showing the drill collar locations and hole traces of currently reported gold results.

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Great Bear is currently undertaking a fully-funded 30,000 metre, approximately 150 drill hole program that is expected to continue through 2019 and 2020. A second drill rig will be added to the project in early 2019 to accelerate this work.

Additional photos of mineralization are provided at the Company’s web site at www.greatbearresources.com.

Webinar

Great Bear will host a webinar to discuss the Company’s recent drill results and its recently released 3D model. The webinar will take place on Thursday, January 17th at 11:00am PST/2:00pm EST. Management will be available to answer questions following the presentation. Online access and dial-in numbers are:

Readytalk Platform (access at the time of event):
     * http://www.readytalk.com/join
     * Access code: 5147677

Dial-In Numbers:
     * Canada: +1-647-722-6839
     * United States: +1-303-248-0285
     * Access Code: 5147677

Figure 4: Long section through the DHZ/DSL as drilled to-date showing currently reported drill results.

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Table 3: All assay intervals and geological description of each interval of DHZ-014 in the vein zone.

Drill Hole From
(m)
To
(m)
Gold
(g/t)
Description
DHZ-014 176.5 177 58.4 High-Fe Tholeiitic Pillow Basalt with quartz veining with visible gold
DHZ-014 177 177.5 0.066 High-Fe Tholeiitic Pillow Basalt
DHZ-014 177.5 178.5 0.027 High-Fe Tholeiitic Pillow Basalt
DHZ-014 178.5 180 0.023 High-Fe Tholeiitic Pillow Basalt
DHZ-014 180 180.7 0.031 High-Fe Tholeiitic Pillow Basalt
DHZ-014 180.7 181.2 0.297 High-Fe Tholeiitic Pillow Basalt
DHZ-014 181.2 181.8 0.385 High-Fe Tholeiitic Pillow Basalt
DHZ-014 181.8 182.4 2.955 Quartz Vein
DHZ-014 182.4 182.9 0.285 Quartz Vein
DHZ-014 182.9 183.4 0.169 High-Fe Tholeiitic Pillow Basalt
DHZ-014 183.4 183.9 0.367 Argillite
DHZ-014 183.9 184.4 1.715 Argillite
DHZ-014 184.4 185.1 1602.73 Quartz Vein with 3-5% visible gold
DHZ-014 185.1 185.6 0.137 Quartz Vein
DHZ-014 185.6 186.1 0.337 Calc-Alk Massive Basalt
DHZ-014 186.1 186.6 0.119 Calc-Alk Massive Basalt

 

About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10 kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in its West Madsen properties which total 3,860 hectares and are contiguous with Pure Gold Mining Inc.’s Madsen property. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories Ltd. in Ancaster Ontario, and SGS Canada Inc. in Red Lake, Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor

Knol Resources Corp. Announces Letter of Intent for a Proposed Reverse Takeover Transaction with Freckle IOT Ltd.

Freckle is a rapidly-growing data measurement and identity company providing recurring software-as-a-service solutions to Fortune 500 brands and agencies in multiple countries.

Fully integrated into all major global media and data platforms, Freckle’s products and services fully support media decisions and provide compliant data sources.

Its offline attribution product determines the effectiveness of a brand’s media across multiple channels by measuring the outcome of driving a consumer into a desired location or decision.

Its identity product, Killi, is a consumer facing application built on the blockchain that was created to solve privacy and security challenges for consumers while addressing compliance challenges for companies obtaining and using data. Killi allows platforms and brands to purchase customized data directly from consumers in exchange for monetary compensation.

Founded by serial entrepreneur Neil Sweeney in 2015, Freckle is leading the next wave of data compliance, privacy, transparency, security and identity management.

Vancouver, British Columbia and Toronto, Ontario–(Newsfile Corp. – January 16, 2019) – Knol Resources Corp. (NEX: NOL.H) (the “Company” or “Knol“) announces that on December 31, 2018, it entered into a non-binding letter of intent (“LOI“) with Freckle IoT Ltd. (“Freckle“), a global leader in multi-touch, offline advertising attribution. The LOI outlines the proposed terms and conditions pursuant to which the Company and Freckle will effect a business combination that will result in a reverse takeover of the Company by the shareholders of Freckle (the “Proposed Transaction“) and the listing for trading of the securities of the resulting issuer (the “Resulting Issuer“) on the TSX Venture Exchange (the “TSXV“).

A comprehensive news release concerning the operations, management and financial status of Freckle will be provided following completion of a definitive agreement in respect of the Proposed Transaction (the “Definitive Agreement“) pursuant to Section 2.3 of TSXV Policy 5.2 – Change of Business and Reverse Takeovers (the “RTO Policy“).

About Freckle

With offices in Toronto and New York, Freckle helps leading brands measure the effectiveness of their advertising by independently matching media spend to in store visits while remaining media agnostic. Freckle works with the world’s most prestigious brands, publishers and investment firms to deliver intelligence and validation of 1st party consumer data. Freckle’s technology is used by Fortune 500 brands like Coca-Cola, Lexus, Lowe’s, Walmart, General Motors, Unilever and Mondelez and is a core component of the top demand side platforms and data management platforms used around the world.

In addition to its core business, Freckle developed a mobile application called “Killi” that allows consumers to take back control of their identity from those who have been using it without their consent. With Killi, consumers can opt in and select specific pieces of personal information that they would like to share with brands in exchange for compensation. Freckle’s multi-channel offline attribution platform is now powered by the People of Killi, making it the most compliant, highest fidelity data source in the industry.

Brokered Financing

In connection with the Proposed Transaction, Freckle and Knol are pleased to announce that GMP Securities L.P. (“GMP”) has been appointed as lead agent, for and on behalf of Freckle, to sell, on a “best efforts” private placement basis, subscription receipts (the “Subscription Receipts”) of Freckle anticipated to be up to $6.5 million (the “Offering”). The size and terms of the Offering will be determined in the context of the market and will be disclosed at such time.

The Proposed Transaction

The Proposed Transaction is being contemplated through a three cornered amalgamation among Knol, a subsidiary of Knol, and Freckle, or such other structure as determined by the parties. The completion of the Proposed Transaction will constitute a “Reactivation” for Knol as a company listed on the NEX Board of the TSXV, and will be subject to the RTO Policy. The completion of the Proposed Transaction will require and be conditional upon the approval of the TSXV (the “TSXV Approval”), completion of a Definitive Agreement, completion of the Offering and shareholder approval of Freckle and Knol, if required.

Upon closing of the Proposed Transaction, the Company will, among other things: (a) change its name to “Freckle” or such other name as may be selected by Freckle and confirmed by Knol; (b) consolidate its common share capital, on a basis to be agreed upon in the Definitive Agreement; (c) Freckle will become a wholly-owned subsidiary of Knol and the sole business of Knol will be the current business of Freckle; (d) the board of directors of Knol will be comprised of five persons, one nominated by Knol and four nominated by Freckle; and (g) the common shares of the Resulting Issuer will be listed on the TSXV as a Tier 1 or Tier 2 issuer. Current shareholders of Knol are expected to own an approximate 12% in the Resulting Issuer assuming completion of the Offering.

Neil Sweeney will become the President and Chief Executive Officer of the Resulting Issuer upon completion of the Proposed Transaction. Mr. Sweeney was named among Deloitte’s Fast 50 three years in a row, was a two-time Finalist for EY’s Entrepreneur of the Year and has established an industry reputation for his visionary entrepreneurship, developing leading edge mobile technologies before they became industry standards, including the world’s first mobile futures market. Freckle is currently in the process of assembling a majority independent board of directors.

In accordance with the policies of the TSXV, Knol’s shares are currently halted from trading and will remain halted until further notice.

Knol Resources Corp.
Michael Atkinson
President and Chief Executive Officer
Phone: (604) 689-1428

Freckle IOT Ltd.
Neil Sweeney
President and Chief Executive Officer
Phone (647) 360-3691

Neither the NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this news release.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Knol should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

DISCLAIMER FOR FORWARD-LOOKING INFORMATION

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including: the receipt of all necessary regulatory approvals, the ability to conclude the Proposed Transaction, capital expenditures and other costs, and financing and additional capital requirements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the completion of the Proposed Transaction, the completion of the Offering, the listing of the shares of the Resulting Issuer on the TSXV and the anticipated business plan of the Company subsequent to completion of the Proposed Transaction. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company assumed no obligation to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES