QYOU Media to Complete $1.8 Million Financing

Toronto, Ontario, Los Angeles, California and Mumbai, India--(Newsfile Corp. - July 14, 2020) - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) ("QYOU" or the "Company") announced today it will close the final tranche of its offering of units of the Company ("Units") for an additional 13,779,333 Units at a price of $0.03 per Units for proceeds of $413,380, bringing total aggregate gross proceeds to $1,820,000. The closing is subject to the approval of the TSX Venture Exchange.

Each Unit is comprised of one common share in the capital of the Company and one-half of one common share purchase warrant exercisable at $0.05 per share until June 30, 2022.

The proceeds derived from the sale of the Units will be used for continued investment in the Company's subsidiary, QYOU India, and working capital for the Company.

The Company also announces it completed a first tranche of its previously announced (see QYOU news release dated June 29, 2020) non-brokered private placement of Units on July 10, 2020 for gross proceeds of approximately $1,406,620 (the "Tranche"). The Company issued a total of 46,887,333 Units at a price of $0.03 per Unit in connection with the Tranche.

The Company intends to pay Finder's Fees of 7% cash and 7% broker units in connection with the financing.

All of the securities issuable in connection with the offering are subject to a hold period expiring four months and one day after the date of issuance in accordance with Canadian securities laws.

The offering also includes a subscription by G. Scott Paterson, Chairman of the Company, for 2,500,000 Units, representing a $75,000 investment. After giving effect to the subscription, Mr. Paterson controls 29,596,534 shares or securities convertible into shares, representing 11.70% of the issued and outstanding shares on a partially diluted basis. Since the date of Mr. Paterson's previous early warning report on January 15, 2020, Mr. Paterson has acquired control over 6,033,700 shares or securities convertible into shares on a net basis, representing 2.38% of the outstanding shares on a partially diluted basis. For more information, or to obtain a copy of the subject early warning report, please contact Kevin Williams, Chief Financial Officer at 647 693 7380 ext. 317.

The securities being offered pursuant to the offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, such securities being offered pursuant to the offering in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About QYOU

QYOU Media is a growing global media company powered by creators and social influencers. We curate, package and market premium content from leading digital video creators and social stars for multiscreen & multi platform distribution. Founded and created by industry veterans from Lionsgate, MTV, Disney and Sony. QYOU's millennial and Gen Z-focused products include linear television networks, genre-based series, influencer marketing campaigns, mobile apps, and video-on-demand formats. QYOU Media content reaches more than 600 Million consumers around the world. Experience our work at www.theqindia.com and www.qyoumedia.com.

Contact Information

Nicole Kotyk
Paterson Partners
nicolekotyk@patersonpartners.com
+1 647 693 7380 ext. 317

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Words such as "expects", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein may include, but are not limited to, information concerning the completion of the offering, the approval of the TSX Venture Exchange of the offering and the listing of certain securities being issued thereunder, the number of Units to be sold by the Company and the expected use of proceeds from the offering. These forward-looking statements are based on QYOU's current projections and expectations about future events and other factors management believes are appropriate. Although QYOU believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that the offering and the closing thereof will be consistent with these forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond QYOU's control. Additional risks and uncertainties regarding QYOU are described in its publicly-available disclosure documents, filed by QYOU on SEDAR (www.sedar.com) except as updated herein. The forward-looking statements contained in this news release represent QYOU's expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. QYOU undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Neither the 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 this release.

Not for Distribution to United States Newswire Services or Dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59762

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