RBI Ventures Ltd. (TSXV: RBI.H; the 'Company' or 'RBI') , is pleased to announce that, further to its press release dated January 7, 2020, that it has entered into an amalgamation agreement dated September 18, 2020 (the 'Amalgamation Agreement') with 1251858 B.C. Ltd., a newly incorporated subsidiary of RBI ('SubCo'), and Tevano Systems Inc. (formerly Tevano Payment Systems Inc.) ('Tevano'), a Las Vegas based B.C. incorporated company that provides software and specialized kiosks and other technology to the retail sector and other sectors.

Pursuant to the Amalgamation Agreement RBI will acquire of all of the issued and outstanding securities of the Tevano in exchange for securities of RBI (the 'Transaction'). The Transaction will be carried out by way of a three-cornered amalgamation. As a result of the Transaction, RBI will continue with the business of the Tevano. Tevano is arm's length to RBI.

The acquisition of Tevano will constitute a change of business for RBI and consequently: RBI will seek to delist from the TSX Venture Exchange (the 'TSXV') and re-list on the Canadian Securities Exchange (the 'CSE') and trading of RBI's common shares on the TSXV will remain halted. Unless the transaction with Tevano fails to close, the Company does not expect its shares will resume trading again until listing has been accepted by the CSE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. There is no assurance that the Company's proposed acquisition of Tevano will complete on the terms outlined above, or at all. The proposed acquisition is subject to a number of conditions precedent, some of which are beyond the control of the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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