Plymouth Realty Capital Corp. Announces Completion of Share Consolidation and Private Placement Financing

PLYMOUTH REALTY CAPITAL CORP.

580 Hornby Street, Suite 880

Vancouver, BC V6C3B6

Plymouth Realty Capital Corp. Announces Completion of Share Consolidation and

Private Placement Financing

July 10, 2020. Plymouth Realty Capital Corp. (the “Company”) (TSX-V: PH.H) announces that further

to the Company’s news release dated May 25 , 20 20 the consolidation of its issued and outstanding

common shares at a ratio of ten (10) pre -consolidated shares to one (1) post -consolidation share (the

“Consolidation”) will ta ke effect on opening of business on July 14, 2020. The Company’s new CUSIP

number is 730014404 and its new ISIN number is CA7300144044.

The Company has also completed it s proposed private pl acement financing of 10,000,000 p ost-

Consolidation common shares at $0.05 per post-Consolidation share for gross proceeds of $500,000 (the

“Financing”).

Under the Financing, the C ompany will pay a finder a fee of 765,000 common shares. The securities

issued under the financing will be subject to a four month hold period.

Following the Consolidation and the Financing , the Company’s issued an d outstanding common shares

will be 11,387,500 common shares.

A letter of transmittal will be sent by mail to registered shareholders on July 14, 2020 advising that the

Consolidation has taken effect. The letter of transmittal will contain ins tructions on how registered

shareholders can exchange their share certificates and/or DRS statements eviden cing their pre -

consolidated common shares for new share certificates and/or new DR S statements representing the

number of post -consolidated common sh ares to which they are entitled. No action is required by non -

registered shareholders (shareholders who hol d their shares through an intermediary) to effect the

Consolidation. Until surren dered, each certificate representing pre -Consolidation common share s will be

deemed for all purposes to represent the number of common shares to which the holder thereof is e ntitled

as a result of the Consolidation.

On behalf of the Board of Directors,

Gunther Roehlig, Chief Executive Officer

For further information please contact:

Plymouth Realty Capital Corp.

580 Hornby Street, Suite 880

Vancouver, British Columbia V6C 3B6

T: (604) 617-5421

Forward-Looking Statements

Information set forth in this new s release conta ins forward -looking statem ents that are based on

assumptions as of the date of this news release. These statement s reflect management’s current

estimates, beli efs, intentions and expectations. They are not guarantees of future performance. The

Company cautions that all forward look ing statements are inherently uncertain and t hat actual

performance may be affected by a number of material factors, many of which ar e beyond the Company’s

control. Such factors include, among other things: risks an d uncertainties relating to the Company ’s

limited operating histor y and the need to comply with environmental an d governmental regulations.

Accordingly, actual and future events, conditions and results may dif fer materially from the es timates,

beliefs, int entions and expectations expressed or implied in the forward looki ng information. Except as

required under applicable securities legislation, The Company undertakes no obligation to publicly update

or revise forward-looking information.

NEITHER TSX VENTUR E EXCHANGE NOR ITS REGUL ATION SERVICES PROVIDER (AS THAT

TERM IS D EFINED IN THE POLICIES OF THE TSX VENTURE EXCH ANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.