Gunpowder Capital Corp. Closes First Tranche of Private Placement of Warrants Announces Extension of Closing

Toronto, Ontario--(Newsfile Corp. - April 27, 2018) - Gunpowder Capital Corp., (CSE: GPC), (CSE: GPC.PR.A), (OTCQB: GNPWF), (FSE: YS6N), (the "Corporation") announced today that it had closed the first tranche of its previously announced non-brokered private placement raise of Warrants. In total, Three Hundred Thousand Dollars ("$300,000.00") CDN was raised by issuing Ten Million ("10,000,000") Warrants at a price of Three Cents ("$0.03") CDN per Warrant.

Each Warrant shall entitle the holder thereof to acquire one a Common Share in the capital of the Corporation at an exercise price of Twelve Cents ("$0.12") CDN per Common Share for a period of 24 months. The Warrants are subject to acceleration at the sole discretion of the Corporation in the event that the volume-weight average trading price of the Common Shares is greater than CDN$0.15 for any period of 10 consecutive trading days.

In connection with the closing of this private placement offering, the Corporation, paid finder's fees totaling Twenty-Six Thousand, Dollars ("$26,000.00") CDN in connection with certain subscriptions for the Corporation's Warrants. Proceeds of the placement will be used for both acquisitions and for working capital purposes. The Corporation has also extended the closing date of the current offering to May 15^th, 2018.

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation 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 expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release.

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES.

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