SpotLite360 IOT Solutions, Inc. — Capital/Financing Update 2021

Apr 20, 2021

1014379 B.C. LTD.

Suite 810 - 789 West Pender Street Vancouver, BC V6C 1H2

NEWS RELEASE

1014379 B.C. LTD. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, British Columbia – April 20, 2021 - 1014379 B.C. Ltd. (the “Company”) announces that it has closed a non-brokered private placement (the “Private Placement”) of 10,460,000 units (the “Units”) at a price of CDN$ 0.25 per Unit, for aggregate gross proceeds of CDN$ $2,615,000. Each Unit consists of one common share (a “Share”) and one share purchase warrant (a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one additional Share a price of $CDN0.75 per Share for a period of two (2) years.

In connection with the Private Placement, the Company paid finder’s fees consisting of $116,100 cash commission, 332,400 Warrants (the “Brokers Warrants”) and 190,400 Shares to arm’s-length finders. Each Brokers Warrant is exercisable into one Share at a price of CDN$0.75 per Share for a period of two (2) years.

All securities issued pursuant to the Private Placement are subject to a four-month plus one day hold period under applicable securities laws in Canada. The Company intends to use the net proceeds from the Private Placement for general working capital purposes.

On behalf of the Board of Directors

For further information

Eugene Beukman, CEO Phone: 604-687-2038

Cautionary Note Regarding Forward Looking Statemen ts

This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.