MediaValet Appoints New Chairman of the Board and Announces Closing of a $750,000 Private Placement - Seite 2

Private Placement
MediaValet is pleased to announce it has received subscriptions for a $750,000 private placement. The Company will issue 9,375,000 common shares at a subscription price of $0.08 per share for total gross proceeds of $750,000. There were no agent or finder's fees payable in connection with the private placement.

In accordance with applicable securities legislation, all securities issued in connection with the private placement are subject to a four-month hold period. Net proceeds from the placement will be used for the ongoing development, marketing and sales of the Company's cloud-based digital asset management software and for general working capital. The Private Placement remains subject to the approval of the TSX Venture Exchange.

About MediaValet, Inc.

MediaValet stands at the forefront of the emerging cloud-based digital asset management industry. Dedicated to delivering enterprise cloud software, with an in-depth understanding of Azure, and leveraging a strong relationship with Microsoft, MediaValet is uniquely equipped to meet the digital asset management needs of any organization, no matter its size, its industry or its location. Cutting edge technology, exceptional product design, and unlimited friendly customer service are at the core of MediaValet's DNA -- ensuring exceptional customer and user experiences are delivered at all times.

"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."

For further information, please contact:

Corporate Office
David MacLaren
CEO
[e-mail]
[phone]

Press Relations
Asa Zanatta
Director of Communications
[e-mail]
[phone]

Investor Relations
Mario Vetro
Manager of Investor Relations
[e-mail]
[phone], x105