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*Axion Ventures Inc. 
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AXION VENTURES INC. ("AXV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 10, 2017
TSX Venture Tier 1 Company

TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an investment agreement (the "Investment Agreement") between Axion Ventures Inc. ("Axion") and Red Anchor Trading Corp. ("Red Anchor"), a company engaged in the business of developing an application known as "HotNow", which is a marketing automation platform for retailers to offer various promotions. Under the terms of the Investment Agreement, Axion has invested US$1.5 million in Red Anchor through the acquisition of 9,375 ordinary shares of Red Anchor at US$160 per share to acquire 15% of the voting shares of Red Anchor. The proceeds of the investment are expected to be used for funding working capital of Red Anchor pursuant to budget and business plans to be agreed to by Axion and Red Anchor prior to closing.

Red Anchor concurrently closed an investment of US$500,000 from an arm's length venture capital investor at the same valuation.

Insider / Pro Group Participation: John Todd Bonner is the Chief Executive Officer and Chairman of the board of directors Axion and beneficial owner of 38.18% of the issued and outstanding voting shares of Red Anchor and Nithinan Boonyawattanapisot, a controlling shareholder of Axion, owns an additional 38.18% of Red Anchor.

For additional information please refer to Axion's news release dated October 26, 2016.
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