Dr. Eyad Al Saleh reports

INTERCONNECT ANNOUNCES MINERAL PROPERTY PURCHASE AGREEMENT, APPLICATION FOR REACTIVATION TO TSXV, NON-BROKERED PRIVATE PLACEMENT AND NAME CHANGE

Interconnect Ventures Corp. has entered into a mineral property purchase agreement with Mammoth Geological Ltd. and R. Timothy Henneberry, arm's-length parties to the company, to acquire a 100-per-cent legal and beneficial interest, free and clear of any encumbrances, in four mineral claims located approximately 16 kilometres southeast of Sayward, B.C., on northern Vancouver Island, British Columbia. The four claims comprising the property total 2,169.94 hectares. As consideration for the acquisition of the property, the company shall pay the vendor the sum of $45,000 in cash within five business days after receipt of final acceptance by the TSX Venture Exchange.

Reactivation application

The company also wishes to announce that it will be submitting an application to the exchange to reactivate as a Tier 2 mining issuer.

The common shares of the company are currently listed and posted for trading on the NEX. If completed, the reactivation will result in the company operating within the same industry sector that it has operated in prior to moving to NEX and with the same key principals. As a result, the reactivation will not constitute a change of business or reverse takeover, as such terms are defined in the policies of the exchange. The company will be required to satisfy the exchange's continued listing requirements for a Tier 2 mining issuer set out in exchange Policy 2.5, including a requirement that the company possess an interest in a property from which it expects to earn significant revenues or incur significant expenditures directly related to the exploration and/or development of the company's assets, and that the company have adequate working capital and financial resources to carry out its business plan or recommended work program.

Upon approval by the exchange of the reactivation, the company's common shares will be delisted from the facilities of the NEX board of the exchange and listed on the facilities of the exchange, at which point the company will be a Tier 2 mining issuer.

Private placement offering of units

The company also announces a concurrent non-brokered private placement offering of up to 10 million units at a price of five cents per unit for gross proceeds of up to $500,000. Each unit shall be composed of one common share and one share purchase warrants. Each warrant shall entitle the holder to acquire one additional common share in the capital of the company at a price of five cents per share for a period of five years from the date of issuance.

Net proceeds from the offering will be used to satisfy amounts payable under the purchase agreement, to pay for expenses associated with the approval of the acquisition and related transactions, and for general working capital purposes. No finders' fees will be paid in connection with the offering, and no insiders are expected to participate in the offering.

The securities issued pursuant to the offering will be subject to a hold period under applicable securities laws, which will expire four months plus one day from the date of closing of the offering.

Name change

Concurrent with or prior to the closing the acquisition, the company intends to change its name to Eryxion Resources Corp. and its trading symbol, which will better reflect the mineral resource exploration sector within which it operates. There will be no share consolidation with the name change. The acquisition, reactivation, offering and name change are collectively referred to herein as the transactions.

National Instrument 43-101 technical report

The company will commission an independent technical report on the property to be prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects). A copy of the final technical report will be filed on SEDAR+ upon completion of the acquisition and acceptance by the exchange of the acquisition and related transactions.

Closing of the transactions will be subject to receipt of all necessary corporate and regulatory approvals, including approval of the exchange and NEX. There is no assurance that the transactions will be accepted on the company's expected timeline or at all.

We seek Safe Harbor.