TrustBIX Inc. — Capital/Financing Update 2020

Feb 1, 2020

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News Release

FOR IMMEDIATE RELEASE: January 31[st] , 2020

TRUSTBIX INC. ANNOUNCES $2 MILLION MAXIMUM PRIVATE PLACEMENT UNIT OFFERING

Edmonton, Alberta, Canada

TrustBIX Inc. (“TrustBIX” or the “Company”) (TSX.V: TBIX) is pleased to announce a unit offering (“ Offering ”) of up to 3,333,333 units (" Units ") at a price of $0.60 per Unit for gross proceeds of up to $2,000,000, subject to regulatory approval. Each Unit is comprised of one (1) common share in the capital of the Company (“ Common Share ”) and one-half (½) Common Share purchase warrant and each whole warrant is referred to as a “ Warrant ”. Each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.90 for a period of two (2) years from the Closing Date. If the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $1.75 per Common Share for twenty (20) consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants.

In the event of acceleration, the expiry date will be accelerated to a date that is thirty (30) days after the date that written notice has been given to the warrant holder or the date the Company has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided by the Company to the subscribers.

The Offering will be processed through Crowd Capital Inc. (" DealPoint ") which is a Fintech company that provides advisory and technology services to the private capital markets. TrustBIX Inc. is conducting the Offering under various prospectus exemptions (“ Exemptions ”) in accordance with National Instrument 45-106, Prospectus Exemptions.

Use of proceeds for the Offering will be allocated to fund corporate development activities and general working capital of the Company. There is no minimum Offering.

The previously announced private placement on December 9, 2019 has been withdrawn and is superseded by this press release.

About TrustBIX (TSXV: TBIX)

As an innovative leader, TrustBIX provides agri-food traceability solutions in Canada, United States, China and Mexico. By addressing consumer and agri-food business demands, the Company’s goal is 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, leading-edge and secure distributed ledger platform, Business InfoXchange System (BIX), and its unique use of incentive solutions, are able to 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 North America and China, such as Auction Master Pro, Market Master, Feedlot Solutions and pork grading probes.

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