Ayubowan Capital Announces Management Appointments

AYUBOWAN CAPITAL LTD.

Suite 1600 – 609 Granville Street Vancouver, British Columbia V7Y 1C3

NEWS RELEASE

AYUBOWAN CAPITAL ANNOUNCES MANAGEMENT APPOINTMENTS

Vancouver, British Columbia – October 3, 2016 – Ayubowan Capital Ltd. (the “Company” or “Ayubowan”) (TSX-V: AYB.H) is pleased to announce that Scott Ackerman has been appointed as the Company’s President and CEO, and Doug McFaul has been appointed as CFO.

The Company wishes to thank David Nelson and Gordon Herdman, whom have resigned as officers of the Company, for their past services as officers. Mr. Nelson, will continue to serve as a director of the Company.

The Company also announces that it has granted a total of 3,000,000 incentive stock options to certain directors, officers and consultants of the Company. The options have an exercise price of $0.45 per share and expire in 5 years.

For further information, contact Scott Ackerman at [email protected] or 778-331-8505.

On Behalf of the Board of Directors of:

AYUBOWAN CAPITAL LTD.

Scott Ackerman Director Ayubowan Capital Ltd.

Email: [email protected]

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.