Savoy Ventures Inc. Announces Proposed Private Placement

SAVOY VENTURES INC. ANNOUNCES PROPOSED PRIVATE PLACEMENT

January 31, 2017, Vancouver, British Columbia - SAVOY VENTURES INC. (NEX: SVO .H)

(“Savoy” or the “ Company”), reports that it has arranged a non -brokered private placement to

raise up to $30 0,000, offering five million units at a price of six cents per unit. Each unit will

consist of one common share and one transferable share purchase warrant exercisable for a period

of one year to purchase one additional common share at a price of eight cents per common share.

A finder's fee may be paid on a portion of the placement in accordance with TSX Venture

Exchange policies. The private placement is subject to prior exchange approval.

The proceeds from the private placement will be used to pay outstanding liabilities and for general

working capital.

Contact

For further information, contact Glen Macdonald, President and Chief Executive Officer of Savoy

at: (604)719-8129

Cautionary and Forward-Looking Statements

Neither the 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.

Certain information in this news release may contain forward -looking statements that involve

substantial known and unknown risks and uncertainties. These forward -looking statements are

subject to numerous risks and uncertainties, certain of which are beyond the control of Savoy,

including but not limited to, the uncertainty of the Transaction proceeding, the impact of general

economic conditions, industry conditions, dependence upon regulatory and shareholder approvals,

the execution of definitive documentation and the uncertainty of obtaining additional financing.

Readers are cautioned that the assumptions used in preparing such information, although

considered reasonable at the time of preparation, may prove imprecise and undue reliance should

not be placed on forward-looking statements. Forward-looking statements in this press release are

expressly qualified by this cautionary statement.

The forward-looking statements in this press release are made as of the date of this press rel ease,

and the Company undertakes no obligations to update publicly or to revise any of the included

forward-looking statements, whether because of new information, future events or otherwise,

except as expressly required by applicable securities law.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy,

any securities in the United States, nor shall there be any sale of securities mentioned in this

press release in any state in the United States in which such off er, solicitation or sale would

be unlawful prior to registration or qualification under the securities laws of any such state.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any

failure to comply with this restriction may constitute a violation of U.S. Securities laws.