Early Warning Report Issued Pursuant to National Instrument 62-103 in Respect of the Acquisition of Units of Ivrnet Inc.

Toronto, Ontario--(Newsfile Corp. - June 3, 2014) - In accordance with regulatory requirements, Mario Grech announces that he has recently acquired 1,600,000 units of Ivrnet Inc. ("Ivrnet"), with each unit consisting of one common share and one full share purchase warrant. Each warrant entitles the purchase of one additional common share of the Company at $0.07 per share for one year following the date of issuance, at $0.09 per share from one year and one day from the date of issuance up until two years from the date of issuance, and at $0.12 per share from two years and one day from the date of issuance up until three years from the date of issuance.

Mario Grech currently holds 4,795,000 common shares and 1,600,000 warrants of Ivrnet, which represents 8.5% of Ivrnet's currently outstanding common shares, and 11.0% of Ivrnet's common shares on a partially diluted basis assuming full exercise of the warrants.

The securities acquired by Mario Grech referred to above are held for investment purposes. In the future, he may increase or decrease his ownership of securities of Ivrnet from time to time depending upon the business and future market conditions.

A copy of the early warning report filed pursuant to Regulation 62-103 may be obtained on www.sedar.com.

For further information, please contact:
Mario Grech
1-647-347-5081