Lanebury Growth Capital Ltd. announced it has borrowed CAD 1,300,000 (the "Loan from Code") from Code Consulting Limited ("Code") and issued a promissory note to Code. The Loan from Code bears interest at an annual rate of 10% and is repayable on December 31, 2022. The Company also announces that it has provided a $1,300,000 loan (the "Loan to Plank") to Plank Ventures Ltd. The Loan to Plank carries 10% interest per annum and is repayable on December 31, 2022.

Plank issued a promissory note to the Company with respect to the Loan to Plank. The Loan from Code and the Loan to Plank are related party transactions pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Mr. Lance Tracey is the beneficial owner of Code, a director of Lanebury and a control person of Lanebury and Plank, and, as such, Mr. Tracey has abstained from voting with respect to the Loan from Code and the Loan to Plank.