Vogogo Inc. Announces Thirty FOR One Share Consolidation

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VOGOGO INC. ANNOUNCES THIRTY FOR ONE SHARE CONSOLIDATION

TORONTO, ON – February 5, 2019 – Vogogo Inc. (“Vogogo” or the “Company”) (CSE:VGO)

announced today that its Board of Directors has authorized the implementation of a share

consolidation of the Company’s common shares (“Common Shares”) on the basis of one post -

consolidation Common S hare for every 30 pre-consolidation Common Shares, effective

February 14, 2019 (the “Effective Date”).

The approximately 381.6 million Common Shares of the Company currently outstanding will be

reduced to approximately 12.7 million Common Shares, as approved by shareholders at the

Company’s annual and special meeting held on December 14, 2018 . No fractional shares will

be issued and any fractions of a share will be rounded down to the nearest whole number of

Common Shares. The exercise or conversion price and the number of common shares issuable

under any of the Company’s outstanding convertible securities will be proportionately adjusted

upon consolidation.

The Common Shares will continue to be traded on the CSE under the symbol “VGO” on a post-

consolidation basis , under a new CUSIP number – 928583400. The Company’s C ommon

Shares are expected to begin trading on a post -consolidation basis on the CSE when markets

open on February 14, 2019.

Shareholders of record as at the Effective Date will receive a letter of transmittal providing

instructions for the exchange of their Common Shares as soon as practicable following the

Effective Date.

About Vogogo Inc.

Vogogo currently operates its cryptocurrency mining activities in Québec. This includes mining

for cryptocurrencies for its own account and within mining pools. As it continues to embrace

blockchain technology, Vogogo is exploring opportunities in all aspe cts of the cryptocurrency

segment.

For further information please contact:

Jordan Greenberg

Chief Financial Officer

(647) 715-3707

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of

this news release.

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Forward-Looking Statement

Certain statements in this press release, including statements with respect to : the Effective

Date, the number of Common Shares outstanding following the Consolidation, the treatment of

fractional shares in the Consolidation, the expected trading date of the post -Consolidation

Common Shares and the Company exploring opportunities to enter other aspects of the

cryptocurrency segment, contain forward -looking statements, which can generally be identified

by the use of forward looking terminology such as "believes", "expects", "may", "desires", "will",

"should", "projects", "estimates", "contemplates", "anticipates", "intends", or any negative such

as "does not believe" or other variations thereof or comparable termin ology. No assurance can

be given that potential future results or circumstances described in the forward -looking

statements will be achieved or will occur. By their nature, these forward -looking statements

necessarily involve risks and uncertainties, inclu ding the risk that the Consolidation cannot be

completed on the Effective Date, the number of post -Consolidation Common Shares is different

from the number set out herein , the treatment of fractional shares in the Consolidation is

different from what is se t out herein, the expected trading date of the post -Consolidation is

Common Shares is delayed, which could cause actual results to significantly differ from those

contemplated by these forward -looking statements. Such statements reflect the view of the

Company with respect to future events and are based on information currently available to the

Company and on assumptions, which it considers reasonable. Management cautions readers

that the assumptions relative to the future events, several of which are beyon d Management's

control, could prove to be incorrect, given that they are subject to certain risk and uncertainties,

and that actual results may differ materially from those projected. Other factors which could

cause results or events to differ from current expectations include, among other things, the

timing of receipt of regulatory approvals, the impact of general economic, industry and market

conditions. Management disclaims any intention or obligation to update or revise any forward -

looking statements whether as a result of new information, future events or otherwise, except as

required by applicable securities laws. The reader is cautioned not to place undue reliance on

forward-looking information.