TrustBIX Inc. — Capital/Financing Update 2020

Jul 15, 2020

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News Release

FOR IMMEDIATE RELEASE: July 15, 2020

TRUSTBIX INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Edmonton, Alberta, Canada

TrustBIX Inc. (TSXV:TBIX) is pleased to announce final approval from the TSX Venture Exchange on the close of the private placement previously announced on May 27, 2020. At the close, TrustBIX raised $74,927.82 through the issue of 227,054 common shares of TrustBIX Inc. from treasury.

TrustBIX Inc. conducted the Placement under various prospectus exemptions (“ Exemptions ”) in accordance with National Instrument 45-106, Prospectus Exemptions.

The participation in the private placement by executive officers of TrustBIX may be considered a "related party transaction" (the “Related Party”) as defined under Multilateral Instrument 61-101 ("MI 61-101"). TrustBIX has determined that exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 are available. In particular, TrustBIX has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the Related Party does not exceed 25% of the market capitalization of TrustBIX and TrustBIX is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the Related Party does not exceed 25% of the market capitalization of TrustBIX, the distribution of the securities to the Related Party has a fair market value of not more than $2,500,000 and TrustBIX is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

Pursuant to applicable Canadian securities laws, the securities issued under the private placement are subject to a four-month hold period from the time of closing of the private placement.

In addition, TrustBIX has also received from existing shareholders $48,070 in cash through the exercise of warrants that were to expire in August 2020 for an additional issuance of 160,235 common shares.

Use of proceeds from both the placement and the warrants exercised will be allocated to fund corporate development activities and general working capital of the Company.

About TrustBIX (TSXV: TBIX)

As an innovative leader, TrustBIX provides agri-food traceability. By addressing consumer and agri-food business demands, the Company has a goal to become the most trusted and largest source of third-party food traceability

and sustainability information globally – Gate to Plate®. TrustBIX Inc.’s focus is to create a world where we trust more, waste less and reward sustainable behaviour. The Company’s proprietary platform, BIX (Business infoXchange System), is designed to create trust without compromising privacy through innovative use of data and technology. Extensive R&D has allowed TrustBIX to create a new blockchain-derived technology to complement its mature and proven traceability systems. By leveraging BIX and its unique use of incentive solutions, the Company can deliver independent validation of food provenance and sustainable production practices within the supply chain. ViewTrak Technologies Inc., a wholly owned subsidiary, provides a suite of hardware and software solutions to the livestock industry in Canada, United States, Mexico and China, such as Auction Master Pro, Market Master, Feedlot Solutions and pork grading probes. For more information, visit www.trustbix.com , or follow us on Twitter @BIXSCdn and Facebook at www.facebook.com/BIXSco.

FOR MORE INFORMATION CONTACT:

Mr. Hubert Lau Mr. David Schuster President and CEO Investor Relations Telephone: (780) 456-2207 Telephone: (780) 456-2207 Email: info@trustbix.com Email: info@trustbix.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy of accuracy of this release.

Address 2[nd] Floor, 10607 82 Street NW, Edmonton, AB T6A 3N2 Toll-Free 866.456.2207 Website www.trustbix.com