Mr. Jonathan Sheeri reports

HAPBEE ANNOUNCES INITIAL CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF $2.7 MILLION

Hapbee Technologies Inc. has closed the company's non-brokered private placement of units of the company at a price of 12 cents per unit for total gross proceeds of $2.7-million.

"We would like to thank all of our new and existing shareholders for the overwhelming support received during this recent financing," said Yona Shtern, chief executive officer of Hapbee. "With an additional $2.7-million in growth capital now in our treasury, we are in a position to accelerate our growth by expanding distribution channels, design and manufacturing of new form factors and increasing marketing resources while increasing our brand visibility. Our goal remains to provide as many customers as possible with the Hapbee product as we believe people deserve to be in greater control of how they feel."

Each unit consists of one subordinated voting share in the capital of the company and one-half subordinated voting share purchase warrant, with each warrant entitling the holder thereof to acquire one share for a period of two years from the closing of the offering at an exercise price of 24 cents per share.

The net proceeds received by the company from the offering will be used for product development, business development, working capital and general corporate purposes.

The expiry date of the warrants will be subject to prior acceleration following the closing of the offering, at the discretion of the company. As previously announced, if the shares trade at or above 50 cents, the TSX Venture Exchange for a period of 10 consecutive trading days after the expiry of the four-month hold period, the company may issue a news release accelerating the expiry date to 60 days after the filing of such news release.

Closing of the offering is subject to certain customary conditions, including, without limitation, approval of the exchange. The securities to be issued under the offering will be offered by way of private placement pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the offering will be subject to a hold period, which will expire four months and one day from the date of closing.

About Hapbee Technologies Inc.

Canadian-based Hapbee is a wearable wellness technology company that aims to help people enhance how they feel. Powered by patented ultralow-radio-frequency energy (ulRFE) technology, Hapbee delivers low-power electromagnetic signals designed to produce sensations to assist with sleep, performance, mood and others. Hapbee is available for purchase at Hapbee.com, Target stores and Target.com.

We seek Safe Harbor.