Prime City One Announces Change in Management

Toronto, Ontario--(Newsfile Corp. - July 18, 2016) - Prime City One Capital Corp. (TSXV: PMO.H) ("PCOC" or the "Company") announced that Mr. Gerry Goldberg has resigned as president and chief executive officer, and the Board has named Mr. Graham Simmonds as the Company's new president and chief executive officer, effective immediately.

Mr. Simmonds has over 18 years of experience in public company management and business development projects within both the gaming and technology sectors. Mr. Simmonds is licensed and/or has previously been licensed/registered with a number of horse racing and gaming commissions in the United States and Canada. Mr. Simmonds developed and launched the first in-home digital video horseracing service in North America and is a former director and partner in eBet Technologies Inc., a licensed ADW operator and software developer for the online horse racing industry in the United States. He is the founder and CEO of Baymount Incorporated, a diversified investment, financial advisory and venture capital firm focused in opportunities within the horse racing, gaming and technology industries and the CEO of Gilla Inc, a designer, marketer and distributer of electronic cigarettes, vaporizers and e-liquids. Mr. Simmonds was formerly the chairman of DealNet Capital Corp., a merchant banking company focused on Business Process Outsourcing and Consumer Financing.

For further information, please contact: