Verisante Technology Inc. (TSX-V: VRS) ('the Company') announces that it has terminated the Share Exchange Agreement dated, June 30, 2018, with SIM Co. Ltd.

The transaction was terminated due to lengthy delays. The Company's shares were halted pending the closing of the proposed RTO and filing of required financial statements with the BC Securities Commission. Now that the RTO has been terminated the Company will focus on filing outstanding required financial reports so that it can apply to the regulators to resume trading and search for another RTO candidate.

Contact:

Tel: (604) 716-5133

Email: info@verisante.com

Forward Looking Statements

This release contains forward-looking statements all of which statements are subject to market risks, and the possibility that the Company will not be able to achieve all of its stated goals. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties.

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