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Bluerock Ventures and Verabys Announce Termination of Letter of Intent to Merge

Mergers & Acquisitions

BLUEROCK VENTURES CORP.

NEWS RELEASE

TSXV: BCR.H

BLUEROCK VENTURES AND VERABYS ANNOUNCE TERMINATION OF LETTER

OF INTENT TO MERGE

Vancouver, British Columbia – Thursday, October 3, 2019 – Bluerock Ventures Corp (“Bluerock” or the

“Company”) announces the termination of the Letter of Intent to merge with Verabys Inc.

Pursuant to the terms of a non-binding letter of intent entered into with Verabys Inc., a private corporation

existing under the laws of British Columbia, as announced on April 17, 2019, the parties have mutually

agreed to terminate the LOI and not proceed with the merger.

Bluerock remains committed to pursuing a compelling qualifying transaction and will be turning its

attention towards other opportunities.

ON BEHALF OF THE BOARD of DIRECTORS

BLUEROCK VENTURES CORP.

“Praveen Varshney”

Praveen Varshney, FCPA, FCA

President and Director

For further information, please contact:

Satnam Brar

Tel: 604-725-3432

[email protected]

Cautionary Statement

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction

and has neither approved nor disapproved the contents of this press release.

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.