YDX Innovation Corp (TSXV:YDX)(OTC PINK:YDRMF)(FSE:APY1) ('YDX' or the 'Company') announces that it has entered a non-binding Letter of Intent (the 'LOI') dated March 16, 2021, with Moshun Media Development Corp. ('Moshun Media'), a non-reporting issuer in British Columbia, with respect to a proposed business combination transaction (the 'RTO Transaction') that will result in the reverse take-over of YDX Innovation by Moshun Media.

As part of the RTO Transaction, Moshun Media will acquire all of the issued and outstanding securities of YDX and facilitate the listing (the 'Listing') of the resulting reporting issuer (the 'Resulting Issuer') on the TSX Venture Exchange ('TSXV).

'Joining forces with the incredible team of Moshun Media is the opportunity we have been looking for to transform YDX into a powerful media, production, entertainment, and experiences group. Moshun Media brings vast experience and connections to prominent names of the film and music industry, as well as access to substantial capital. The team at Moshun Media have an amazing work ethic, mindset and ability to take the Company to another level. All of those factors make the RTO Transaction something that both management and the board of YDX are fully supportive of and excited to complete,' stated Daniel Japiassu, CEO of YDX Innovation. Mr. Japiassu further added, 'While this news may be surprising for our shareholders the Company is confident that it won't take long to show the tremendous potential that Moshun Media brings to grow in the areas where YDX already does business as well as expand go-forward opportunities. We couldn't be more excited and will work diligently to conclude this RTO Transaction as fast as possible.'

About Moshun Media

Created by the experienced founders of Moshun Capital Partners, Moe Negin and Raymond Kisun, Moshun Media is a media acquisition company that integrates media experiences from esports and game development, film, live entertainment and the evolving immersive entertainment industry. Through key acquisitions, innovative structured financing, proprietary project investment, and cradle-tograve content management, Moshun Media will build an intelligent, asset-backed, film and entertainment media company. Their primary business is in the identification and acquisition or participation in film assets. The underlying premise stems from two key factors: first, service businesses provide a ready source for potential acquisitions due to succession; second, catalogues and libraries exist with individuals and corporate groups that may be acquired for re-release. Following the completion of the proposed RTO Transaction, the secondary business activity is media services pro-offering recurring revenue-generating opportunities that showcase a strong blend of entertainment experiences for their audience. This includes straight-to-consumers Virtual Reality games and experiences, immersive exhibitions, and cross-media opportunities. Raymond Kisun, co-founder of Moshun Media stated: 'YDX Management represents experiences with recognized brands that mirror our mindset and collaborative approach, allowing Moshun Media to best leverage our international relationships going forward. There are no borders we cannot cross together!'

About YDX Innovation

YDX Innovation Corp. (TSXV:YDX :: www.ydxinnovation.com) is a global leader in the commercialization of immersive new technologies that incorporate virtual reality, augmented reality, esports and gaming. Its core business seeks to monetize through licensing its IP, developing interactive exhibitions and through esports tournaments and content.

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