Mr. Stephen Davis reports

FREQUENCY EXCHANGE ANNOUNCES PRIVATE PLACEMENT

Frequency Exchange Corp. has arranged a private placement of up to two million units at a price of 25 cents per unit for gross proceeds of up to $500,000. Each unit comprises one common share and one common share purchase warrant, having an exercise price of 40 cents per warrant and a term of 24 months from the date of closing of the private placement.

In the event that, during the 24-month period following the closing date, the volume-weighted average trading price of the common shares on the TSX Ventures Exchange is at least 60 cents per common share for any period of 10 consecutive trading days, the company may, at its sole option, accelerate the expiry date of warrants to the date that is not less than 21 days following the date upon which notice of the accelerated expiry date is provided by the company by way of news release.

Finders' fees of up to 6 per cent in cash and 6 per cent in finders' warrants, having the same terms as the warrants, may be paid if applicable in respect of the private placement closing.

The private placement is subject to TSX Venture Exchange approval and all securities issued will be subject to a four-month hold period.

About the company

Based in British Columbia, Canada, Frequency Exchange is focused on the development and global commercialization of a wearable frequency delivery system. Its specialized frequency sets are designed to enhance wellness and improve performance. The brand Nikki is the third generation of wearable technology created by the company. Now the company has one frequency delivery system it call Nikki, which means "the victor of the people," which can be used in multiple ways, including Lyme disease. This wearable technology combined with the frequency sets is the result of years of development and experimentation with advanced bioenergetic technology.

We seek Safe Harbor.