Mr. Jungsoo Kim reports

AGEDB TECHNOLOGY ANNOUNCES DEBT SETTLEMENT

AGEDB Technology Ltd. has entered into debt settlement agreements to settle an aggregate of $143,081 of outstanding indebtedness owing to four creditors in exchange for the issuance of an aggregate of 1,015,416 units at a deemed price of 13.5 cents per unit of the company to three creditors and 44,444 common shares of the company to one creditor at a deemed price of 13.5 cents per common share. Completion of the debt settlement is subject to the company receiving all regulatory approvals, including acceptance by the TSX Venture Exchange.

Each unit consists of one common share and one transferable common share purchase warrant. Each warrant will entitle its holder to purchase one common share in the capital of the company at a price of 18 cents for 24 months from the closing date of the debt settlement.

Any shares issued to the creditors or in connection with the debt settlement will be subject to a statutory hold period of four months and one day.

We seek Safe Harbor.