Mr. Keith Crone reports

EVOLVE ANNOUNCES CHANGES TO RISK RATING FOR EVOLVE FUND

Evolve Funds Group Inc. has declared changes to the risk rating of the Evolve FANGMA Index ETF, as indicated in the attached table. The following changes to the risk rating of the Evolve Fund are effective today, as indicated in the attached table.

The investment risk level of an ETF (exchange-traded fund) and mutual fund is determined in accordance with a standardized risk classification methodology, set out in National Instrument 81-102 -- Investment Funds, that is based on the historical volatility of the fund, as measured by the 10-year standard deviation of the returns of the fund. If a fund has less than 10 years of performance history, the investment risk level of the fund is calculated using the return history of the fund, and, for the remainder of the 10-year period, the return history of a reference index that is expected to reasonably approximate the standard deviation of the fund.

No changes have been made to the investment objectives or strategies of the Evolve Fund as a result of the changes to the risk rating. A summary of the risk rating classification methodology, and the investment objectives and strategies of the Evolve Fund, can be found in the most recently filed prospectus for the Evolve Fund, listed above.

Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve FANGMA Index ETF (TECH) is offered by Evolve Funds Group Inc., and distributed through authorized dealers.

About Evolve Funds Group Inc.

With $7-billion in assets under management, Evolve specializes in bringing innovative ETFs (exchange-traded funds) to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long-term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference.

We seek Safe Harbor.