Jasper Commerce Inc. — Capital/Financing Update 2022

Feb 15, 2022

SAASQUATCH CAPITAL CORP.

c/o 1500 – 1055 West Georgia Street Vancouver, B.C. V6E 4N7 Telephone: (604) 250-1737; Email: W@DataSystems.ca

PRESS RELEASE

February 14, 2022 TSX-V: SAAS.P

SAASQUATCH FILES FILING STATEMENT AND OBTAINS CONDITIONAL APPROVAL FOR QUALIFYING TRANSACTION WITH JASPER INTERACTIVE

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.

VANCOUVER, B.C. – SaaSquatch Capital Corp. (TSX-V: SAAS.P) (“ SaaSquatch ” or the “ Company ”), a capital pool company listed on the TSX Venture Exchange (the “ Exchange ”), and Jasper Interactive Studios, Inc. (“ Jasper ”) are pleased to announce that the Exchange has conditionally approved the proposed business combination (the " Proposed Transaction ") between Jasper and the Company previously announced in the Company's press releases dated September 16, 2021, October 7, 2021 and October 21, 2021. The Proposed Transaction remains subject to the final approval of the Exchange and satisfaction of closing conditions customary for transactions of this nature. The Company, upon and subject to completion of the Transaction (the “ Resulting Issuer ”), will continue under the name "Jasper Commerce Inc." and trade on the Exchange under the symbol "JPIM". The Proposed Transaction is expected to close on or about February 16, 2022.

The Company has filed a filing statement today that is dated effective February 11, 2022 (the " Filing Statement ") with the Exchange and on SaaSquatch’s SEDAR profile at www.sedar.com. Additional information in respect of the Proposed Transaction, SaaSquatch and Jasper can be found in the Filing Statement.

In accordance with the policies of the Exchange, the Company’s common shares are currently halted from trading and will remain so until such time as required by Exchange policies.

About SaaSquatch Capital Corp.

SaaSquatch is designated as a Capital Pool Company under Exchange Policy 2.4. SaaSquatch has not commenced commercial operations and has no assets other than cash. The Company’s objective is to identify and evaluate businesses or assets with a view to completing a Qualifying Transaction. Any proposed Qualifying Transaction must be approved by the Exchange and, in the case of a Non-Arm’s Length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed Qualifying Transaction.

As of the date hereof, the Company has 13,000,000 SaaSquatch common shares issued and outstanding (2,000,000 of which are subject to escrow restrictions) and an aggregate of 200,000 SaaSquatch common shares are reserved for issuance upon the exercise of agent’s options.

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LEGAL_38197776.1

ON BEHALF OF THE BOARD OF DIRECTORS OF SAASQUATCH CAPITAL CORP.

Warwick Smith CEO Contact: (604) 250-1737

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.

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

Investors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company 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 press release.

All information contained in this news release with respect to SaaSquatch and Jasper was supplied by the parties, respectively, for inclusion herein, and SaaSquatch and its directors and officers have relied on Jasper for any information concerning such party.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements, including statements relating to the completion of the Proposed Transaction, the proposed business of the Resulting Issuer on completion of the Proposed Transaction, the proposed listing for trading of the Resulting Issuer common shares, shareholder, director and regulatory approvals, and future press releases and disclosure. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of each of SaaSquatch and Jasper may differ materially from those anticipated and indicated by these forward looking statements. Although each of SaaSquatch and Jasper believes that the expectations reflected in forward looking statements herein are reasonable, they can give no assurances that the expectations of any forward looking statements herein will prove to be correct. Except as required by law, each of SaaSquatch and Jasper disclaims any intention and assume no obligation to update or revise any forward looking statements herein to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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