RIWI Closes Working Capital Loan Facility

Toronto, ON – RIWI Corp. (TSXV: RIWI) (OTC: RWCRF) (the “Company” or “RIWI”), a market research platform, global trend-tracking and prediction technology firm, is pleased to announce that it has closed its previously announced loan facility with Pathfinder Asset Management Limited (the “Lender”), an insider of the Company, to obtain a $1,000,000 CAD working capital Loan (the “Loan”).

The Loan will have a term of two (2) years and will accrue interest at the rate of 12% per annum, with principal due and payable on maturity and interest payable semi-annually. The Company also paid a loan bonus of $200,000 representing 20% of the value of the Loan (“Loan Bonus”). The Loan Bonus was satisfied by RIWI issuing 400,000 RIWI common shares to the Lender, at a deemed price per share of $0.50.

As the Lender is an insider and non-arms length party to the Company, the provisions of TSXV Policy 5.9 and Part 5 of Multilateral Instrument 61-101 – Protection of Minority Holders in Special Transactions (“MI 61-101”) apply. However, pursuant to Section 5.5(a) and 5.7(a) of MI 61-101, the Loan is exempt from the Minority Approval and Formal Valuation requirements of such instrument on the basis that fair market value of the transaction is not more than 25% of the market capitalization of the Company.

The Company intends to use the net proceeds of the Loan for working capital management, general corporate purposes and to support the continued growth of RIWI and its push to profitability.