Plank Ventures Ltd. announces that it has issued a promissory note to Lanebury Growth Capital Ltd. for the proceeds of CAD $1,300,000 (the "Loan"). The proceeds of the Loan will be used to repay two loans payable to Code Consulting Ltd. ("Code"): a $200,000 CAD loan carrying 10% annual interest
maturing on December 31, 2022, and $700,000 USD loan carrying 10% annual interest maturing on December 31, 2022. The Loan is a related party transaction 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.