E36 Closes Initial Public Offering

E36 CAPITAL CORP.

Suite 488, 1090 West Georgia Street

Vancouver, B.C., V6E 3v7

E36 CLOSES INITIAL PUBLIC OFFERING

February 28, 2020 TSX Venture Exchange

Trading Symbol: ETSC.P

E36 Capital Corp. (the “Company”), a capital pool company pursuant to Policy 2.4

of the TSX Venture Exchange (the “ TSX-V”), is pleased to announce that today it

completed its initial public offering (the “offering”) of 3,500,000 common shares

issued at a price of $0.1 0 per share pursuant to a prospectus dated September 3,

2019 and an amended and restated prospectus dated November 30, 2019 ( together,

the “Prospectus”).

A cash commission of 8 % of the gross proceeds of the offering was paid to the

Company’s agent, Haywood Securit ies Inc. (“ Haywood”), as well as a corporate

finance fee. In addition, Haywood received 280,000 non-transferable warrants

entitling Haywood and members of its selling group to acquire up to an aggregate

of 280,000 common shares at a price of $0.10 per share for a period of 24 months

from the date hereof.

The Company will use the net proceeds from the offering for examination and

possible participation in, or acquisition of, assets or businesses with a view to

completing a “Qualifying Transaction” unde r the capital pool company program

of the TSX-V.

As a result of this issuance, the Company has 6,075 ,000 common shares issued and

outstanding, of which 2,325,000 shares have been placed in escrow . Upon closing,

the Company’s common shares were listed for trading and immediately halted

from trading on the TSX Venture Exchange under the trading symbol “ ETSC.P”

and are expected to commence trading upon further notice from the TSX Venture

Exchange.

The Company has also granted an aggregate of 600,000 incentive stock options to

its directors and officers, as outlined in the Prospectus, each such option

exercisable at a price of $0.10 per share for a period of ten years, vesting

immediately.

On behalf of the Board of Directors

Kevin Ma

Chief Executive Officer

Telephone: 604-363-0411

The information in this news release includes certain information and statements about management's

view of future events, expectations, plans and prospects that constitute forward looking statements.

These statements are based upon assumptions that are subject to significant risks and uncertainties.

Because of these risks and uncertainties and as a result of a variety of factors, the actual results,

expectations, achievements or performance may differ materially from those anticipated and indicated

by these forward looking statements. Forward-looking statements in this news release include, but are

not limited to, the ability of the Company to complete a qualifying transaction. Any number of factors

could cause actual results to differ materially from these forward-looking statements as well as future

results. Although the Company believes that the expectations reflected in forward looking statements

are reasonable, it can give no assurances that the expectations of any forward looking statements will

prove to be correct. Except as required by law, the Company disclaims any intention and assumes no

obligation to update or revise any forward looking statements to reflect actual results, whether as a

result of new information, future events, changes in assumptions, changes in factors affecting such

forward looking statements or otherwise.

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.