YDX Innovation Corp (TSX-V: YDX, OTC: YDRMF, FSE: APY1) ('YDX' or the 'Company'), is pleased to announce that it has completed a non-brokered private placement financing (the 'Financing').

In connection with the closing, the Company sold an aggregate of 5,499,991 units (each, a 'Unit') at a price of $0.10 per Unit, for gross proceeds of $549,999.05. Each Unit consists of one common share of the Company (each, a 'Share') and one share purchase warrant (each, a 'Warrant'). Each Warrant is exercisable into one additional Share at a price of $0.20 per Share for a period of two years from the date of issuance.

This fully subscribed financing was strategic for us in closing 2020 with strong operational plans for 2021. We appreciate the trust and support of our shareholders as we endeavor to grow our operations in North America and expand our esports division. Additionally, our senior management is committed to reducing our payroll costs to the company by renegotiating all compensation plans. I will be leading by example and committing to a 40% reduction in my own salary. Again, our prime commitment here is to grow the business and further accelerate the Company's profitability. Our team is aware of the high expectations around our brand and are working non-stop to ensure that 2021 is a break-thru year. I look forward to this goal and am proud to be working with such an amazing team. I am also thankful, again, for such great supporters and shareholder base.' - stated Daniel Japiassu, CEO of YDX Innovation. Proceeds from the Financing will be used for general working capital, marketing and growth initiatives. The securities issued under the Financing, and the Shares that may be issuable on exercise of the Warrants, are subject to a statutory hold period expiring on May 5, 2021.

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.

Contact:

Tel: (604) 704-6466

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