Arbitrage Commences Trading on the Canadian Securities Exchange and Announces Closing of First Tranche of Private Placement

TORONTO, ONTARIO--(Marketwired - May 27, 2015) - Arbitrage Exploration Inc. ("Arbitrage" or the "Company") (CSE:AEA) is pleased to announce that further to its news releases dated January 15, 2015, February 12, 2015 and May 25, 2015, the Company has listed its common shares (the "Listing") on the Canadian Securities Exchange (the "CSE") and its common shares will commence trading today under the trading symbol "AEA".

The Company also announces that further to its news release dated May 25, 2015, the Company's common shares have now been delisted from the facilities of the NEX board of the TSX Venture Exchange.

In connection with and as a condition of the Listing, the Company wishes to further announce a new private placement of up to 6,000,000 units of the Company at a price of CDN$0.05 per unit (the "Units") for gross proceeds of up to $300,000 (the "Offering"). Each Unit will consist of one (1) common share of the Company (a "Common Share") and one (1) common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one (1) additional Common Share of the Company at a price of $0.10 per Common Share for a period of twenty-four (24) months from the closing date. The Company has completed the first tranche of the Offering for gross proceeds of $80,000 through the issuance of 1,600,000 Units, subscribed for entirely by Ms. Judy Baker, a director and President of the Company. Following completion of the Offering, The securities issued in connection with the Offering will have a four month and one day hold period pursuant to applicable securities laws. Gross proceeds raised from the Offering will be used for general operating expenses.

The current Offering is being completed in lieu of the previously announced offering detailed in the Company's news release dated February 12, 2015, which will not be completed.

The participation by Ms. Baker in the Offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61- 101"). The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of securities being issued to the related party nor the consideration being paid by the related party will exceed 25% of the Company's market capitalization. A material change report in respect of the related party transaction was not filed at least 21 days in advance of the closing of Offering due to the Company's immediate need to address its financial situation.