Gold Finder Closes $5.5 Million Subscription Receipts Private Placement in Connection With the Proposed Acquisition of Venzee - Seite 3

The closing of the Subscription Receipts Private Placement is a significant step towards the completion of the Transaction. It is intended that, upon completion of the Transaction, the net proceeds of the Subscription Receipts Private Placement will be used by the resulting issuer to support its growth and realize the value from Venzee's business.

Transaction Updates

The completion of the Transaction is subject to a number of conditions, including but not limited to: (i) the implementation of the GFN Consolidation, (ii) satisfactory pooling arrangements restricting the trading of GFN Common Shares issued to holders of Venzee common shares in connection with the Transaction, (iii) holders of Venzee common shares approving the Transaction, (iv) GFN shall have a sufficient cash balance determined in accordance with the Merger Agreement, and (v) the approval of the TSXV.

The Transaction will be implemented pursuant to an agreement and plan of merger dated November 6, 2017 between GFN, a newly created wholly-owned subsidiary of GFN and Venzee (the "Merger Agreement"). A copy of the Merger Agreement is available under GFN's SEDAR profile at www.sedar.com. The foregoing is a summary of certain material provisions of the Transaction and the Merger Agreement and is not comprehensive but is qualified in its entirety by reference to the complete text of the Merger Agreement.

Since November 7, 2017, being the date of the latest press release of GFN relating to the Transaction, certain changes were made to the proposed composition of the management team and board of directors of GFN following the completion of the Transaction. The following are brief profiles of the proposed members of management and directors of GFN following the completion of the Transaction.

Katharine (Kate) Hiscox, President

Katharine (Kate) Hiscox is currently the President, Chief Executive Officer and a director of Venzee. Following the closing of the Transaction, she will be the President of the resulting issuer. Kate is a software developer who has worked in e-commerce and supply chain management for over 18 years. A serial entrepreneur, she launched her first startup in 2004, Lunawarehouse.com, which was acquired within a year of launch. Venzee is Kate's sixth startup. Kate first encountered the inefficiency and cost that spreadsheets represent in the retail industry while building and operating two online stores. This experience led to the concept for Venzee which was quickly validated by vendors, retailers and investors. Kate's strengths include product validation and strategy, raising investment, problem solving, blockchain, semantic and sentiment analysis, algorithmic processes, machine learning, e-commerce and business development. Before co-founding Venzee in 2014, Kate was co-founder and Chief Executive Officer of ClarkBetty LLC, an e-commerce store operating in the mail order furniture and furnishing industry, from 2012 to 2014.