Ayubowan to Complete Debt Settlement

AYUBOWAN CAPITAL LTD.

Suite 2200, 885 West Georgia Street Vancouver, British Columbia V6C 3E8

NEWS RELEASE

AYUBOWAN TO COMPLETE DEBT SETTLEMENT

July 20, 2016 – Vancouver, British Columbia – Ayubowan Capital Ltd. (the “Company”) (TSXV: AYB.H) is pleased to announce that it has reached an agreement with certain creditors of the Company to settle outstanding indebtedness of $75,000 through the issuance of 1,500,000 common shares of the Company at a price of $0.05 per share.

Completion of the settlement is subject to the approval of the TSX Venture Exchange. All common shares issued in connection with the settlement will be subject to a four-month-and-one-day statutory hold period.

For further information, contact David Nelson at [email protected].

On behalf of the Board,

Ayubowan Capital Ltd.

David Nelson, Chief Executive Officer

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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