Receipt”) for total proceeds of $650,000.

MK2 VENTURES LTD.

NEWS RELEASE

Vancouver, B.C., June 27, 2016 – MK2 Ventures Ltd. (TSXV/NEX: MK.H; the “Company”) announces that, further to news release of June 23, 2016, the Company has closed the private placement by issuing 13,000,0000 subscription receipts at a price of $0.05 (“Subscription Receipt”) for total proceeds of $650,000.

Each receipt will entitle 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 common share at a price of $0.05 per share for a period of 12 months following the closing date. The subscription receipts will convert to units upon (i) if applicable, the receipt by the Company of shareholders’ approval to any change of control or creation of a new control block (as determined in accordance with Exchange policies); and (ii) four months and a day having passed since issuance of the subscription receipts; however in certain circumstances, holders of subscription receipts may elect to convert earlier.

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

The securities issued in relation to the private placement are subject to a regulatory four-month hold period expiring October 28, 2016.

Proceeds of the placement will be used for general working capital purposes and to advance the Company’s search for new business opportunities.

The private placement closing has received final approval of the TSX Venture Exchange.

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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