Mr. Jungsoo Kim reports

AGEDB TECHNOLOGY ANNOUNCES DEBT SETTLEMENT

AGEDB Technology Ltd. has entered into a debt settlement agreement to settle an aggregate of $100,000 of outstanding indebtedness owing to one creditor in exchange for the issuance of an aggregate of 1,538,461 units at a deemed price of 6.5 cents per unit of the company to the creditor. 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 creditor 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.