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Wellbeing Digital Sciences Inc. Capital/Financing Update 2020

May 29, 2020

47463_rns_2020-05-28_563ef771-8d55-416a-80a6-1c14a90509c8.pdf

Capital/Financing Update

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#340 - 1917 West 4th Avenue

Vancouver, B.C. V6J 1M7

News Release

AURALITE ANNOUNCES SHARE CONSOLIDATION, NAME CHANGE, AND DIRECTOR RESIGNATION

Vancouver, British Columbia: May 28, 2020 – Auralite Investments Inc. (TSX Venture: AAAA) (the " Company " or " Auralite "), is pleased to provide the following general update in regards to recent and future corporate activity.

Share Consolidation

The Company announces its intention to consolidate all of the Company's issued and outstanding common shares on the basis of ten pre-consolidation shares for one post-consolidated share (the " Consolidation "). The Consolidation is necessary to attract new capital and position the Company to undertake future transactions. The Company intends to build on its success by identifying new opportunities, attracting capital and bringing partners in to assist in the development of our investment portfolio. The Company currently has 289,197,000 common shares issued and outstanding. Following completion of the Consolidation, the Company will have 28,919,700 common shares issued and outstanding.

Name Change

The Company announces its intention to change its name from "Auralite Investments Inc." to "Myconic Capital Corp." (the " Name Change "), or such other name as the Company's directors may determine to better reflect the Company's business activities going forward. Concurrently with the Consolidation and the Name Change, the CUSIP number and ISIN of the Company's issued and outstanding common shares will change. The effective date of the Consolidation and Name Change will be confirmed by the Company upon receipt of all required regulatory approvals.

Director Resignation

The Company announces that Alvin Tan has resigned from the Company's board of directors, effective May 27, 2020. The Company intends to fill the vacancy left by Mr. Tan's resignation and continues to interview qualified candidates.

ABOUT AURALITE

Auralite is an investment issuer with interests in, Canadian-based Champignon Brands Inc., educational technology developer Akiva Systems Inc., and Gold Lion Resources Inc.

ON BEHALF OF AURALITE INVESTMENTS INC. BOARD OF DIRECTORS

“Robert Meister”

For more information contact: (604) 351-6647

Or Email: [email protected] http://www.auraliteinvestments.com/

Neither the 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 news release.

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This news release contains forward-looking statements and forward-looking information (collectively, the "forwardlooking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the share consolidation, the name change, the search for a new director, attracting new capital, identifying and executing future transactions and opportunities, and bringing in partners to assist in the development of the Company's investment portfolio are forwardlooking statements. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and future prospects of the Company. Often, but not always, forward-looking statements can be identified by words such as "may", "will", "expect", "Intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. These forward-looking statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonably by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

The forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.

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