Prime City One Capital Corp. Announces Extension of $1,000,000 Equity Financing

Toronto, Ontario--(Newsfile Corp. - May 7, 2018) - Prime City One Capital Corp. (TSXV: PMO.H) (the "Corporation" or "Prime City"), is pleased to report that its previously announced private placement financing for aggregate gross proceeds of up to $1,000,000 of units (each a "Unit") at a price of $0.08 per Unit is ongoing. Each unit offered under this financing will consist of one common share of Prime City (a "Common Share") and one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one additional Common Share at a price of $0.105 for a period of 1 year from closing. Closing may occur in multiple tranches, as subscription proceeds and supporting documentation are received. The proceeds from this offering will be used to settle outstanding indebtedness, to fund future restructuring costs and for general working capital purposes. Hold periods will apply to the securities issued under this offering in accordance with applicable securities laws. This offering is subject to the approval of the NEX.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Ying Chen
Chief Financial Officer
Prime City One Capital Corp.
Tel: (647) 300-1581
Email: ying@foregrowth.com

Caution Regarding Forward-Looking Statements - This news release contains certain forward looking statements, including statements regarding the business and anticipated financial performance of the Corporation. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.