Mr. Justin Schroenn reports

SWMBRD ANNOUNCES ENTRY INTO CONSULTING AGREEMENT AND GRANT OF RESTRICTED SHARE UNITS

SWMBRD Sports Inc. has entered into a consulting agreement with Peter Korver (DBA), Liink Holding BV, to provide various business development and brand execution services to the company. The company has agreed to engage Mr. Korver for a term of 12 months, subject to earlier termination by the company upon 30 days written notice, or by the consultant or upon 30 days written notice. For the first two months of the term, the company has agreed to grant Mr. Korver 266,666 restricted share units in consideration for his services. For the third month of the term and thereafter, the company has agreed, subject to finances, to pay Mr. Korver a monthly cash fee of $4,000. Alternatively, the company and Mr. Korver may agree on additional grants of RSUs in lieu of the cash payments.

Mr. Korver is an accomplished professional with a strong background in the international sports/retail industry. Throughout his career he has held prominent positions as a managing director and Benelux regional sales director for renowned companies such as Nike, Puma, Hi-Tec and Brunotti, among others.

In 2015, Mr. Korver was placed at the helm of iconic Dutch outdoor brand The Nomad Company after the owner and managing director Barry Kooijmans passed away in the tragic MH-17 plane crash. In 2008, Mr. Korver was named general manager, EMEA (Europe, Middle East, Africa) -- Dobotex International (today known as stitchd). Headquartered in the Netherlands, stitchd is Europe's fastest-moving product licensee, representing global A-brands like Puma, Tommy Hilfiger, Levi's and Head.

Mr. Korver is located in Haarlem, near Amsterdam, the Netherlands -- a prominent hub of major sporting goods brands and investment funds. His primary task is to present SWMBRD to this audience with the intention of securing strategic-level investment and/or staged acquisition. Mr. Korver will also work with the qualified team assembled by SWMBRD over the past months maximizing revenues and ensuring that all market and product development is aimed at tangibly increasing the partnership/acquisition appeal of SWMBRD: the board and the brand.

About RSUs

Each RSU represents the right to receive, once vested, one common share in the capital of the company. In accordance with the policies of the Canadian Securities Exchange, all of the 266,666 RSUs and common shares underlying such RSUs are subject to a hold period of four months and one day from the date of issuance.

About SWMBRD Sports Inc.

SWMBRD Sports is a Vancouver-based sporting goods company looking to enable millions to rethink their way of recreating in the water. Management believes that SWMBRD's proprietary aquatic sports board, by virtue of its patented design, is revolutionary in how it empowers the human body in the water like nothing before, giving water lovers of all ages and abilities the freedom to explore all aquatic environments with ease. By offering an aquatic board sport that is versatile, easy to use, easy to store, and which can be used by all ages and body types in any body of water (rivers, oceans, lakes and pools), the company believes SWMBRD and the sport of swimboarding has the potential to become one of the most popular board sports in the world, and a great aquatic brand. The company has refined manufacturing techniques most relevant to the SWMBRD and has successfully produced demonstration fleets of fully functioning boards, which have been in rigorous real-world use in Hawaii, Canada and Greece. The company has now commenced large-scale mass production under an original equipment manufacturer agreement with Tahe Outdoors, Vannes, France -- the pre-eminent board sport manufacturer in Europe.

We seek Safe Harbor.