Plb Closes Initial Public Offering

PLB CAPITAL CORP.

2080 – 777 Hornby Street

Vancouver, B.C. V6Z 1S4

PLB CLOSES INITIAL PUBLIC OFFERING

March 14, 2019 TSX Venture Exchange

Trading Symbol: PLB.P

PLB Capital Corp. (the “Company”), a capital pool company pursuan t to Policy

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

March 14, 2019, it completed its initial public offering of 2,00 0,000 common shares

issued at a price of $0.1 0 per share pursuant to a prospectus dated December 19,

2018 (the “Prospectus”).

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

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

finance fee of $8,000 plus applicable taxes. In addition, Haywood received 100,000

non-transferable warrants to acquire up to 100,000 shares at a price of $0.10 per

Share for a period of 24 months.

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

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

completing a “Qualifying Transaction” under the capital pool company program

of the TSX-V.

As a result of this issuance, the Company has 4,000,000 shares issued and

outstanding, of which 2,000,000 shares have been placed in escrow . The

Company’s common shares were listed for trading and immediately ha lted from

trading on the TSX Venture Exchange under the trading symbol “PLB.P” on March

14, 2019 and are expected to commence trading upon further notice from the TSX

Venture Exchange.

The Company h as also granted an aggregate of 400,000 incentive stock options to

its directors, officers and certain technical consultants, as outlined in the

Prospectus, each such option exercisable at a price of $0.10 per share for a period of

five years, vesting immediately.

On behalf of the Board of Directors

Giuseppe (Pino) Perone

Chief Executive Officer, Chief Financial Officer and Corporate Secretary

Telephone: (604) 609.3350

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.