Vancouver British Columbia

88 CAPITAL CORP.

SUITE 800 – 1199 WEST HASTINGS STREET VANCOUVER BRITISH COLUMBIA V6E 3T5

NEWS RELEASE

88 CAPITAL CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, B.C., August 17, 2016 - 88 Capital Corp. (TSX.V: EEC) (the "Company") is pleased to announce that it has closed the non-brokered private placement (the “Offering”) previously announced on June 8, 2016, and August 12, 2016. Pursuant to the Offering, a total of 6,986,100 units (the “Units”) were issued at a price of $0.08 per Unit for gross proceeds of $558,888. Each Unit consists of one common share and one half of one share purchase warrant (“Warrant”), each Warrant being exercisable to acquire one common share of the Company at a price of $0.25 for a period of 36 months following the closing date of the Placement.

The Company will pay a cash finder's fee of $12,320 and 154,000 finder's warrants exercisable at $0.25 per finder's warrant for 36 months following the close. Securities issued pursuant to this private placement will be subject to a four-month hold period under applicable Canadian securities laws expiring December 18, 2016. The proceeds of this private placement will be used for general working capital. The Offering remains subject to final acceptance by the TSX Venture Exchange.

On behalf of the Board of Directors

88 CAPITAL CORP.

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

This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement.