MK2 Ventures Ltd. (TSXV/NEX: MK.H; the “Company”) announces that, further to its news

NEWS RELEASE

Vancouver, B.C., August 25, 2016

MK2 Ventures Ltd. (TSXV/NEX: MK.H; the “Company”) announces that, further to its news releases of June 23, 2016 and June 27, 2016 concerning the Company’s private placement of 13,000,000 subscription receipts (“Receipts”) to raise $650,000, the Company has:

(i) received shareholders’ approval to the change of control resulting from the issuance of 4,000,000 Receipts to Rosseau Limited Partnership and 1,000,000 Receipts to G10- Rosseau Special Situations Master Fund;

(ii) received final approval to the placement from the TSX Venture Exchange; and

(iii) authorized the conversion of all remaining Receipts, and executed a treasury order for the issuance of the shares and warrants in that regard.

Each receipt entitles the holder to receive, for no additional consideration, one unit in the capital of the Company. Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share at a price of $0.05 per share to and until July 4, 2017.

Upon the conversion of all of the Receipts, the Company will have 14,317,926 shares and 13,000,000 warrants outstanding, of which Rosseau Limited Partnership will own 4,000,000 shares (27.94%) and 4,000,000 warrants; and G10-Rosseau Special Situations Master Fund will own 1,000,000 shares (6.98%) and 1,000,000 warrants; and together will own 5,000,000 shares (34.92% of the Company’s common shares) and 5,000,000 warrants. Should both of them exercise their warrants, they would together hold 10,000,000 shares, representing 51.77% of the outstanding shares, on a partially diluted basis.

No finder’s fees were paid in connection with this private placement.

The shares and warrants to be issued on conversion of the Receipts are subject to a regulatory four-month hold period expiring October 28, 2016.

ON BEHALF OF THE BOARD “David M. Patterson”

CEO and Director

Neither 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.

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