Cameo Signs LOI to Acquire Global Smartphone Reseller and Developer of Blockchain Based Electronic Payment Systems

VANCOUVER, British Columbia, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX Venture:CRU) (OTC:SIDNF) (the "Company") is pleased to announce that the company has signed a letter of intent dated August 12, 2017 to acquire all of the issued and outstanding shares of Pinot Trading Ltd., a Bulgarian corporation ("Pinot").  If completed, the business combination (the "Transaction") will constitute a Change of Business and Arm's Length Transaction pursuant to the policies of the TSX Venture Exchange (the "Exchange") and management anticipates that the resulting issuer (the "Resulting Issuer") will be listed as a Tier 1 Industrial Issuer.

Information about Pinot Trading Ltd.

• One of the largest smartphone and telecom peripheral hardware B2B suppliers in eastern Europe.
• Reported audited revenues (IFRS Bulgaria) of CAD$111,000,000 (today's exchange rate)
• 2014 - 2017 Pinot moved a total of over 1,000,000 telecom units.
• Retaining a global footprint covering Asia, Europe, Africa, The Middle East and South America.
• Entered the blockchain and digital currency realm during 2016: Visit www.pinotcoin.com
• Actively developing applications and platforms to support crypto currencies.
• Developing European regional crypto currency fund transfer App.
• Vertical integration into Pinot's unique global hardware footprint is a necessity and natural progression.

Pinot, founded in 2003, is a Bulgarian corporation with 5,000 common shares issued and outstanding. Pinot is a telecom hardware supplier and reseller of brand name smartphones with its head office located in Plovdiv, Bulgaria. The company is one of the largest European resellers of Apple Inc., Samsung Electronics Co Ltd and Huawei Culture Co Ltd. From 2014 through 2017, Pinot resold over 1,000,000 telecom units to its markets and distributes products in Asia, Europe, Africa, the Middle East and South America. Pinot's main suppliers include Apple Eastern Europe (Apcom Budapest), and Samsung distributors (South East Adriatic district - Croatia, Serbia, Romania).