Yuntone Capital Corp Closes Non-Brokered Private Placement Offering and Announces Changes to Board of Directors

YUNTONE CAPITAL CORP.

Yuntone Capital Corp Closes Non-Brokered Private Placement Offering and

Announces Changes to Board of Directors

February 2, 2018. Yuntone Capital Corp . (“Yuntone”) (TSX-V: YTC) announces that further to its news release

dated October 16, 2017, the Company has closed its non- brokered private placement. The closing consisted of

15,220,000 common shares at $0.05 per share for gross proceeds of $761,000. All securities issued are subject to

a statutory hold period of four months and 1 day.

The net proceeds from the sale of the the Offering will be used for identifying business acquisitions as well as for

general working capital and corporate purposes.

Change in Board of Directors

The Company is also pleased to announce that it has appointed Gunther Roehlig as president, chief executive officer

and director to replace Stuart Wooldridge as chief executive officer, president and director. The Company has also

appointed Peter Hughes as an independent director of the Company. The Board of Directors thank Mr. Wooldridge

for his support and direction and wish him well in his other endeavors.

Mr. Roehlig has more than 15 years of experience in the financial and investment industry. In particular, Mr. Roehlig

has experience in restructu ring, managing and financing junior public companies. Most recently, Mr. Roehlig served

as the president of Terra Ventures Inc., which held a 10% stake in the high grade Roughrider uranium discovery

owned by Hathor Exploration. In May 2011, Terra Ventures was acquired by Hathor Exploration – Hathor was then

subsequently acquired by one of the world’s largest mining companies Rio Tinto in late 2011.

Mr Hughes has 25 years of business experience including senior -level executive and Director positions in both

private and public companies specializing in pharmaceuticals, alternative energy and mining. Mr. Hughes has built

industrial and resource companies from the ground up and has obtained regulatory approval and exchange approval

for numerous reporting issuer s. His experience includes; corporate structuring, public and private financing,

marketing, strategic planning, negotiating agreements and public company management. He has also worked with

the National Research Council of Canada providing alternative ener gy companies with market intelligence and

strategic planning. Mr. Hughes is a Director of Kelso Technologies Inc. (TSX.V) and a Director of Broome Capital Inc.

Mr. Hughes has a Bachelor of Science degree and completed the Canadian Securities Course and Dir ectors and

Officers Program.

On behalf of the Board of Directors,

Gunther Roehlig, Chief Executive Officer and President

For further information please contact:

Yuntone Capital Corp.

604-416-0073

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release.

These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of fut ure performance.

Yuntone cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of

material factors, many of which are beyond Yuntone’s control. Such factors include, among other things: risks and uncertainties relating to

Yuntone’s ability to complete the proposed private placement financing, implement its exploration program on the Hat Property, limit ed operating

history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results

may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as

required under applicable securities legislation, Yuntone undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF

THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.